由于 SEC 的安全分类和监管怀疑，以太坊 ETF 的推出陷入停滞

法庭文件和申请人会议报告显示，SEC 认为以太坊 (ETH) 是一种证券，导致 ETH 交易所交易基金 (ETF) 的批准陷入停滞。尽管行业领袖呼吁监管，但 SEC 会议却“令人沮丧”且“片面”，导致 ETH 价值下跌 4.20%。

Ethereum ETFs Stalled Amid Regulatory Uncertainty: SEC's Grim Outlook Clouds Industry Hopes

监管不确定性导致以太坊 ETF 停滞不前：SEC 的严峻前景给行业带来希望

Washington, D.C. - The highly anticipated launch of Ethereum exchange-traded funds (ETFs) has been met with a significant setback as the Securities and Exchange Commission (SEC) continues to scrutinize the cryptocurrency's status and regulatory framework.

华盛顿特区 - 随着美国证券交易委员会 (SEC) 继续审查加密货币的现状和监管框架，备受期待的以太坊交易所交易基金 (ETF) 的推出遭遇了重大挫折。

Confidential Court Filings Reveal SEC's Security Classification

机密法庭文件揭示了 SEC 的安全分类

Confidential court filings obtained by Reuters have shed light on the SEC's stance on Ethereum, indicating that the agency classifies the second-largest cryptocurrency as a security. This classification implies that Ethereum falls under the jurisdiction of federal securities laws, subjecting it to stricter regulations and oversight.

路透社获得的机密法庭文件揭示了美国证券交易委员会对以太坊的立场，表明该机构将第二大加密货币归类为证券。这种分类意味着以太坊属于联邦证券法的管辖范围，使其受到更严格的监管和监督。

Discouraging Applicant Meetings Point to Regulatory Impasse

令人沮丧的申请人会议表明监管僵局

Nine applicant meeting reports, obtained from industry sources, have painted a bleak picture of recent interactions between potential ETH ETF issuers and the SEC. Applicants have described the meetings as "discouraging" and "one-sided," with little constructive dialogue or clarity provided by the regulator.

从行业消息来源获得的九份申请人会议报告描绘了潜在 ETH ETF 发行人与 SEC 之间近期互动的惨淡景象。申请人将这些会议描述为“令人沮丧”和“片面”，监管机构几乎没有提供建设性对话或明确说明。

SEC's Delay Adds to Market Uncertainty

美国证券交易委员会的延迟增加了市场的不确定性

The SEC's recent delay in making a decision on Franklin Templeton and Grayscale's proposed Ether ETFs has further fueled uncertainty within the crypto industry. Industry leaders had expressed optimism that the SEC's approval of Bitcoin spot ETFs in January 2024 signaled a willingness to regulate cryptocurrencies, but the agency's hesitance regarding ETH ETFs has cast doubt on this assessment.

美国证券交易委员会 (SEC) 最近推迟对富兰克林邓普顿 (Franklin Templeton) 和灰度 (Grayscale) 拟议的以太 ETF 做出决定，进一步加剧了加密行业的不确定性。行业领袖曾表示乐观地认为 SEC 于 2024 年 1 月批准比特币现货 ETF，表明愿意监管加密货币，但该机构对 ETH ETF 的犹豫不决让人们对这一评估产生了怀疑。

Top Industry Players React with Skepticism

顶级行业参与者持怀疑态度

Prominent industry experts have expressed pessimism over the prospects of ETH ETFs being approved anytime soon. Bloomberg's Senior Financial Analyst Eric Balchunas has criticized the SEC's lack of engagement and communication, stating, "The SEC hasn't engaged, no comments, no nothing. Radio silence = violence."

著名的行业专家对 ETH ETF 很快获得批准的前景表示悲观。彭博社高级金融分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 批评美国证券交易委员会缺乏参与和沟通，他表示，“美国证券交易委员会没有参与，没有发表评论，什么也没有。无线电沉默 = 暴力。”

Tron's founder, Justin Sun, has also weighed in, predicting that the SEC will reject ETH ETFs in May 2024. Sun believes that the crypto industry needs to engage in long-term education with regulators to bridge the understanding gap and facilitate more informed decision-making.

Tron 的创始人 Justin Sun 也发表了看法，预测 SEC 将在 2024 年 5 月拒绝 ETH ETF。Sun 认为，加密行业需要与监管机构进行长期教育，以弥合理解差距并促进更明智的决策——制作。

Ethereum Price Dips on News of Regulatory Headwinds

监管不利消息导致以太坊价格下跌

The negative sentiment surrounding ETH ETFs has weighed on the price of Ethereum, which dipped by 4.20% to $3,179 immediately following the news of the SEC's stalling tactics. Ethereum has lost 10.2% of its value over the past 30 days and currently trades 35% below its all-time high of $4,878.26 set in November 2021.

围绕 ETH ETF 的负面情绪打压了以太坊的价格，在 SEC 采取拖延策略的消息传出后，以太坊价格立即下跌 4.20% 至 3,179 美元。以太坊价值在过去 30 天里下跌了 10.2%，目前的交易价格比 2021 年 11 月创下的历史高点 4,878.26 美元低了 35%。

Contrast with Bitcoin Futures ETF Approval

与比特币期货 ETF 批准对比

The SEC's decision to approve Bitcoin futures ETFs in October 2023 has been cited by ETH ETF applicants as evidence of the agency's willingness to regulate cryptocurrencies. However, the SEC has not provided a clear explanation for the perceived discrepancy in its treatment of Bitcoin and Ethereum.

ETH ETF 申请人将 SEC 于 2023 年 10 月批准比特币期货 ETF 的决定视为该机构愿意监管加密货币的证据。然而，美国证券交易委员会尚未就其对待比特币和以太坊的差异提供明确的解释。

Industry Calls for Regulatory Clarity

行业呼吁监管清晰

Despite the setbacks, industry leaders continue to emphasize the urgent need for clear regulatory guidance for cryptocurrencies. Applicants for Ethereum ETFs believe that these products could provide a safe and accessible way for investors to participate in the emerging crypto market while also supporting innovation and growth within the industry.

尽管遇到挫折，行业领导者仍然强调迫切需要为加密货币提供明确的监管指导。以太坊 ETF 的申请人认为，这些产品可以为投资者提供一种安全且便捷的方式参与新兴的加密货币市场，同时也支持行业内的创新和增长。

Conclusion

结论

The SEC's ongoing scrutiny of Ethereum's status and its reluctance to approve ETH ETFs have cast a pall over the cryptocurrency industry. Industry leaders are calling for greater regulatory clarity and constructive dialogue with the SEC to address the uncertainties surrounding digital assets and facilitate their integration into traditional financial systems. The future of ETH ETFs remains uncertain, but the SEC's decisions in the coming weeks will have a significant impact on the trajectory of the cryptocurrency market.

美国证券交易委员会对以太坊地位的持续审查以及不愿批准 ETH ETF 给加密货币行业蒙上了一层阴影。行业领导者呼吁提高监管透明度并与 SEC 进行建设性对话，以解决数字资产的不确定性并促进其融入传统金融体系。 ETH ETF 的未来仍然不确定，但 SEC 未来几周的决定将对加密货币市场的轨迹产生重大影响。