SEC推迟忠诚的实物赎回功能

Fidelity是几位主要资产经理之一，这些经理允许在其现货比特币和以太坊交换资金（ETFS）中进行实物赎回。

The U.S. Securities and Exchange Commission (SEC) has postponed its verdict on Fidelity’s proposals to offer in-kind redemptions for both Bitcoin and Ethereum exchange-traded funds (ETFs).

美国证券交易委员会（SEC）已推迟其对富达的提议，要求对比特币和以太坊交换资金（ETFS）提供实物兑换。

The regulator is currently considering several applications for spot cryptocurrency ETFs from major asset managers, including proposals for new features that could enhance the efficiency and operation of the ETFs.

该监管机构目前正在考虑主要资产管理人员的几个应用程序ETF的应用程序，包括有关可以提高ETF效率和运行的新功能的建议。

Among the pending proposals are requests for in-kind redemption to be included in the ETFs. These mechanisms, which are commonly used in traditional ETFs, allow authorized participants to exchange ETF shares directly for the underlying crypto assets, instead of cash, further reducing trading costs and potential tax implications.

在待处理的建议中，要求将内在赎回包括在ETF中。这些机制通常在传统ETF中使用，允许授权参与者直接将ETF股份用于基础加密资产，而不是现金，进一步降低交易成本和潜在的税收影响。

While the SEC recently approved a similar request from BlackRock for its spot Ethereum ETF, it has decided to defer Fidelity’s proposals for both Bitcoin and Ethereum ETFs, without providing a timeframe for when a final decision might be made.

尽管SEC最近批准了BlackRock的类似请求，但它已决定推迟Fidelity对比特币和以太坊ETF的建议，而没有为何时做出最终决定的时间范围。

The agency is yet to rule on several other proposals for in-kind redemptions, which were submitted earlier this year. In April, the SEC also postponed rulings on in-kind redemption proposals from WisdomTree for its Bitcoin Fund (BTCW) and Ethereum Fund (ETHW), as well as VanEck’s Bitcoin Fund (BITB).

该机构尚未就今年早些时候提交的其他几项实物赎回提案进行裁决。 4月，SEC还推迟了有关其比特币基金（BTCW）和以太坊基金（ETHW）以及Vaneck的比特币基金会（BITB）的WisdomTree内外赎回提案的裁决。