随着 SEC 工作人员和以太坊 ETF 发行人结束 S-1 表格讨论，以太坊 ETF 审批流程开始

美国证券交易委员会（SEC）已启动备受期待的以太坊交易所交易基金（ETF）的审批程序

The United States Securities and Exchange Commission (SEC) has begun the approval process for Ethereum exchange-traded funds (ETFs). Discussions between potential issuers of Ether ETF and the regulatory body are currently taking place.

美国证券交易委员会（SEC）已开始以太坊交易所交易基金（ETF）的审批程序。以太坊 ETF 的潜在发行人与监管机构之间目前正在进行讨论。

The discussions started on Monday (May 22) and have led crypto enthusiasts to anticipate an imminent approval. However, deeper analysis of the matter suggests that the approval process might take a while longer.

讨论于周一（5 月 22 日）开始，加密货币爱好者预计即将获得批准。然而，对此事的更深入分析表明，批准过程可能需要更长的时间。

Journalist Eleanor Terrett noted that discussions between SEC staff and Ether ETF issuers about the S-1 forms concluded with the understanding that there was still some work to be done.

记者 Eleanor Terrett 指出，SEC 工作人员和 Ether ETF 发行人之间关于 S-1 表格的讨论得出的结论是，仍有一些工作要做。

S-1 forms are registration statements that companies have to file with the SEC. They include detailed information about the company and the securities they intend to offer. On the other hand, 19b-4 forms are regulatory filings issued to the SEC for approval.

S-1 表格是公司必须向 SEC 提交的注册声明。它们包括有关公司及其打算发行的证券的详细信息。另一方面，19b-4 表格是向 SEC 提交审批的监管文件。

These filings are used by self-regulatory organizations like stock exchanges or trading platforms like crypto exchanges to propose new rules or change existing ones.

这些文件被证券交易所等自律组织或加密货币交易所等交易平台用来提出新规则或更改现有规则。

Terret gave her own explanation of the ongoing events while also quoting ETF experts’ opinions on the matter.

Terret 对正在发生的事件给出了自己的解释，同时还引用了 ETF 专家对此事的看法。

Assuming that the SEC approves the 19b-4 forms on May 23, Terrett speculated that the SEC might work with Ether ETF issuers “on S-1’s over the next few weeks/months.”

假设 SEC 于 5 月 23 日批准 19b-4 表格，Terrett 推测 SEC 可能会与 Ether ETF 发行人“在未来几周/几个月内就 S-1 进行合作”。

Other analysts and crypto experts gave their own assessment of the situation, speculating on when the US SEC is likely to give a verdict on the Ethereum ETF approval.

其他分析师和加密货币专家对情况做出了自己的评估，猜测美国 SEC 可能何时对以太坊 ETF 批准做出裁决。

Eric Balchunas, a Senior ETF Analyst at Bloomberg, expects the SEC to issue an announcement on May 23. It mirrors the same time the SEC approved Bitcoin ETF.

彭博社高级 ETF 分析师 Eric Balchunas 预计 SEC 将于 5 月 23 日发布公告。这与 SEC 批准比特币 ETF 的时间相同。

“My best guess is we hear from the SEC around 4 pm tomorrow. For spot btc they dropped it at 3:45 pm, some others in the past were slightly after 4 pm. Anything poss tho. Eric said.

“我最好的猜测是明天下午 4 点左右我们会收到 SEC 的消息。对于现货 BTC，他们在下午 3:45 放弃，过去有一些是在下午 4 点以后。任何事情都可以。埃里克说。

This ongoing development follows the approval of a crypto bill in the US House of Representatives on Monday (May 22). The bill passed with 208 Republicans and 71 Democrats in favor to 136 against.

这一持续发展是在美国众议院于周一（5 月 22 日）批准一项加密货币法案之后进行的。该法案以 208 名共和党人和 71 名民主党人赞成，136 人反对获得通过。

Consensys CEO Joseph Lubin recently weighed in on the discussion, giving his own assessment in anticipation of the potential looming Ether ETF approvals.

Consensys 首席执行官 Joseph Lubin 最近也参与了讨论，并针对即将到来的以太 ETF 批准做出了自己的评估。

He explained to CoinTelegraph that the Ethereum ETFs in the United States were as good as done from his perspective. According to Lubin, the 19b-4 applications filed by high-profile firms like BlackRock would be approved.

他向 CoinTelegraph 解释说，从他的角度来看，美国的以太坊 ETF 已经做得很好了。 Lubin 表示，贝莱德等知名公司提交的 19b-4 申请将获得批准。

However, the process behind the S-1 files could delay the approval process, dragging on for a while. He also explained that the US SEC under Gary Gensler is under a lot of pressure to maintain a neutral stance on the cryptocurrency industry as the US presidential elections draw close.

然而，S-1 文件背后的流程可能会延迟审批流程，拖延一段时间。他还解释说，随着美国总统选举的临近，加里·詹斯勒 (Gary Gensler) 领导下的美国证券交易委员会面临着巨大的压力，需要对加密货币行业保持中立立场。