美国证券交易委员会 (SEC) 准备批准以太坊 ETF，目标发布日期为 7 月 23 日

美国证券交易委员会（SEC）已向准备推出以太坊交易所交易基金（ETF）的资产管理公司发出最终指令。

The United States Securities and Exchange Commission (SEC) has issued final directives to asset managers poised to launch Ethereum exchange-traded funds (ETFs). As reported by Bloomberg analyst Eric Balchunas, the SEC requires issuers to submit their finalized S-1 filings by July 16, with a targeted launch date for the new Ether ETFs set for July 23.

美国证券交易委员会（SEC）已向准备推出以太坊交易所交易基金（ETF）的资产管理公司发出最终指令。据彭博社分析师 Eric Balchunas 报道，SEC 要求发行人在 7 月 16 日之前提交最终的 S-1 文件，新以太坊 ETF 的目标推出日期为 7 月 23 日。

The filings must detail the management fees that will be charged. This move follows the SEC’s approval on May 23 of issuers’ 19-b form, which proposed rule changes to permit crypto-based investment vehicles. Now, asset managers are required to obtain approval for their initial securities registration S-1 forms, marking a significant step toward the official launch of Ether ETFs.

文件必须详细说明将收取的管理费。在此之前，美国证券交易委员会于 5 月 23 日批准了发行人的 19-b 表格，该表格提议修改规则以允许基于加密货币的投资工具。现在，资产管理公司的初始证券登记 S-1 表格需要获得批准，这标志着以太坊 ETF 的正式推出迈出了重要一步。

Several prominent financial institutions are competing for SEC approval and the opportunity to introduce Ether ETFs to the market. Notable names include BlackRock, Grayscale, Fidelity, ARK 21Shares, Invesco Galaxy, VanEck, Hashdex, and Franklin Templeton.

几家知名金融机构正在争夺 SEC 的批准以及将以太坊 ETF 引入市场的机会。著名的公司包括 BlackRock、Grayscale、Fidelity、ARK 21Shares、Invesco Galaxy、VanEck、Hashdex 和 Franklin Templeton。

Invesco and Galaxy have set their management fees at 0.25%, slightly higher than those of VanEck and Franklin Templeton, which have disclosed fees of 0.20% and 0.19%, respectively. However, these fees are considerably lower than the 2.50% management fees charged by Grayscale’s existing Ethereum Trust.

景顺和银河将管理费定为0.25%，略高于VanEck和富兰克林邓普顿，后者披露的管理费分别为0.20%和0.19%。然而，这些费用远低于 Grayscale 现有以太坊信托收取的 2.50% 管理费。

Grayscale, which plans to launch a new spot Ethereum ETF, has yet to disclose its new fee structure. This competitive fee landscape is expected to benefit investors, making Ether ETFs an attractive option for those looking to gain exposure to Ethereum. Lower fees can enhance overall returns, particularly in the long term, and are likely to attract a broad base of investors.

Grayscale 计划推出新的现货以太坊 ETF，但尚未披露其新的费用结构。这种具有竞争力的费用格局预计将使投资者受益，使以太坊 ETF 对于那些希望获得以太坊投资的人来说成为有吸引力的选择。较低的费用可以提高整体回报，特别是从长期来看，并且可能吸引广泛的投资者。

The SEC’s approval process for Ether ETFs is anticipated to follow a trajectory similar to that of Bitcoin ETFs. Analysts predict that Ether ETFs could draw substantial interest from investors, potentially attracting up to $10 billion in new inflows in the months following their launch.

美国证券交易委员会对以太坊 ETF 的审批流程预计将遵循与比特币 ETF 类似的轨迹。分析师预测，以太坊 ETF 可能会引起投资者的极大兴趣，在推出后的几个月内可能会吸引高达 100 亿美元的新资金流入。

Tom Dunleavy, a managing partner at crypto investment firm MV Global, has suggested that the success of Bitcoin ETFs, which saw $15 billion in flows, indicates a promising future for Ether ETFs. He estimates that Ether ETFs could see inflows ranging between $5 billion and $10 billion.

加密货币投资公司 MV Global 的执行合伙人 Tom Dunleavy 表示，比特币 ETF 的成功（流量达 150 亿美元）表明以太坊 ETF 的前景光明。他估计以太坊 ETF 的资金流入可能在 50 亿美元到 100 亿美元之间。

The introduction of Ether ETFs marks a significant milestone in the cryptocurrency investment landscape. It represents a step toward greater mainstream acceptance and accessibility of digital assets, providing investors with new opportunities to diversify their portfolios.

以太坊 ETF 的推出标志着加密货币投资领域的一个重要里程碑。它代表着数字资产向主流接受度和可及性迈出的一步，为投资者提供了实现投资组合多元化的新机会。

As the July 23 launch date approaches, all eyes will be on the SEC and the asset managers vying for approval, eager to see the impact of these innovative investment products on the market.

随着 7 月 23 日推出日期的临近，所有人的目光都集中在 SEC 和资产管理公司争夺批准上，渴望看到这些创新投资产品对市场的影响。