美国 SEC 将拒绝以太坊 ETF 现货申请

据知情人士透露，美国证券交易委员会（SEC）预计将拒绝批准现货以太坊交易所交易基金（ETF）。美国证券交易委员会对批准现货以太坊 ETF 的立场一直不确定，该机构将以太坊 (ETH) 视为一种证券，并推迟对多个发行人申请做出决定。

U.S. Securities and Exchange Commission Poised to Deny Spot Ethereum ETF Applications

美国证券交易委员会准备拒绝以太坊 ETF 现货申请

Washington, D.C. - According to sources with knowledge of the situation, the U.S. Securities and Exchange Commission (SEC) is poised to reject highly anticipated applications for spot Ethereum exchange-traded funds (ETFs). This decision follows a series of disappointing meetings between the SEC and potential issuers in recent weeks.

华盛顿特区 - 据知情人士透露，美国证券交易委员会（SEC）准备拒绝备受期待的以太坊现货交易所交易基金（ETF）申请。在做出这一决定之前，美国证券交易委员会和潜在发行人最近几周举行了一系列令人失望的会议。

SEC's Ambivalence Towards Ethereum Classification

SEC 对以太坊分类的矛盾态度

The SEC's position on spot Ether ETFs has remained uncertain, with the agency contemplating the classification of Ethereum (ETH) as a security. This has led to repeated delays in the approval process for spot Ether ETFs submitted by multiple issuers.

美国证券交易委员会对现货以太坊 ETF 的立场仍不确定，该机构正在考虑将以太坊 (ETH) 归类为证券。这导致多个发行人提交的现货以太ETF的审批流程一再延迟。

Issuers Resigned to Denial

发行人否认

Issuers of spot Ether ETFs and other industry stakeholders now anticipate denials of their applications next month. This expectation stems from the negative feedback received from SEC officials during recent meetings, as reported by Reuters on April 25.

现货以太坊 ETF 发行人和其他行业利益相关者现在预计下个月其申请将被拒绝。据路透社 4 月 25 日报道，这一预期源于 SEC 官员在最近的会议上收到的负面反馈。

BlackRock, Grayscale, VanEck Among Applicants

贝莱德、灰度、VanEck 等申请人

Notable issuers such as BlackRock, Grayscale, VanEck, and Ark Invest have filed applications with the SEC seeking approval and listing for ETFs that track the spot price of Ether (ETH), mirroring the structure of existing spot Bitcoin ETFs. VanEck and Ark Invest's applications are scheduled for SEC review on May 23 and May 24, respectively.

BlackRock、Grayscale、VanEck 和 Ark Invest 等著名发行人已向 SEC 提交申请，寻求跟踪以太坊 (ETH) 现货价格的 ETF 的批准和上市，这反映了现有现货比特币 ETF 的结构。 VanEck 和 Ark Invest 的申请计划分别于 5 月 23 日和 5 月 24 日接受 SEC 审查。

SEC Staff Unenthusiastic About Spot Ether ETFs

SEC 工作人员对现货以太 ETF 不感兴趣

Sources close to the matter have disclosed that SEC staff members have expressed a lack of enthusiasm for spot Ether ETFs and their potential. Participants in the discussions described the meetings as one-sided, with the SEC dominating the proceedings.

知情人士透露，SEC 工作人员表示对现货以太 ETF 及其潜力缺乏热情。讨论参与者称会议是一边倒的，美国证券交易委员会主导了会议进程。

Approval Delays or Longer Outright Rejection

批准延迟或更长的彻底拒绝时间

ETF analysis expert Todd Rosenbluth, who closely follows the issue, anticipates further delays in the approval process, potentially lasting until late 2024 or beyond. "The regulatory landscape remains opaque," he remarked.

密切关注该问题的 ETF 分析专家托德·罗森布鲁斯 (Todd Rosenbluth) 预计审批流程将进一步推迟，可能会持续到 2024 年底或更长时间。 “监管环境仍然不透明，”他表示。

SEC's Stance Similar to Bitcoin ETF Rejections

SEC 的立场与拒绝比特币 ETF 类似

The SEC's reluctance to approve spot Ether ETFs aligns with its longstanding stance on spot Bitcoin ETFs, which it rejected for over a decade under Chairman Gary Gensler's leadership. Despite Grayscale Investments' legal victory against the SEC, compelling the agency to consider spot Bitcoin ETFs, Gensler has remained disinclined to grant approval.

美国证券交易委员会不愿批准现货以太币 ETF，这与其对现货比特币 ETF 的长期立场是一致的，在主席加里·根斯勒 (Gary Gensler) 的领导下，美国证券交易委员会已拒绝批准现货比特币 ETF 十多年。尽管 Grayscale Investments 在法律上战胜了 SEC，迫使该机构考虑现货比特币 ETF，但 Gensler 仍然不愿批准。