美國 SEC 批准富蘭克林鄧普頓和 Hashdex 的比特幣和以太坊 ETF

美國證券交易委員會 (SEC) 已批准富蘭克林鄧普頓聯合現貨比特幣和以太坊交易所交易基金 (ETF)

The US Securities and Exchange Commission (SEC) has approved two combined spot-based Bitcoin and Ethereum exchange-traded Funds (ETF) from global asset manager Franklin Templeton and Hashdex.

美國證券交易委員會 (SEC) 批准了全球資產管理公司富蘭克林鄧普頓 (Franklin Templeton) 和 Hashdex 推出的兩個基於現貨的比特幣和以太坊交易所交易基金 (ETF)。

The approval, as highlighted in the report, will see Franklin Templeton trade on the Cboe BZX Exchange, while Hashdex will trade on the Nasdaq stock market. Nasdaq filed an updated proposal for the Hashdex crypto index ETF in September, following its initial filing in May. Meanwhile, Franklin Templeton has been working towards this ETF since it filed its proposal in August.

正如報告中所強調的那樣，該批准將使富蘭克林鄧普頓在芝加哥期權交易所 BZX 交易所進行交易，而 Hashdex 將在納斯達克股票市場進行交易。繼 5 月首次提交申請後，納斯達克於 9 月提交了 Hashdex 加密指數 ETF 的更新提案。與此同時，富蘭克林鄧普頓自 8 月提交提案以來一直致力於該 ETF。

According to the filing, the proportions of Bitcoin (BTC) and Ethereum (ETH) held by each Trust will be determined based on free-float market capitalizations, allowing adjustments according to these cryptocurrencies’ liquidity and trading availability.

根據文件，每個信託持有的比特幣（BTC）和以太坊（ETH）的比例將根據自由流通市值確定，允許根據這些加密貨幣的流動性和交易可用性進行調整。

Franklin Templeton’s crypto index ETF has received “accelerated approval” from the SEC, aligning it with previously approved spot exchange-traded products (ETPs) that show strong correlations with CME futures, indicating their market viability.

富蘭克林鄧普頓的加密指數ETF 已獲得SEC 的“加速批准”，使其與先前批准的現貨交易所交易產品(ETP) 保持一致，這些產品與CME 期貨具有很強的相關性，表明其市場可行性。

The SEC also highlighted the significance of a surveillance-sharing agreement, which enables exchanges to share trading data and market information to combat fraud and manipulation. The Bitcoin-Ethereum ETF adheres to established standards for commodity-based investments and operates within a substantial regulated market.

美國證券交易委員會也強調了監督共享協議的重要性，該協議使交易所能夠共享交易數據和市場信息，以打擊欺詐和操縱行為。比特幣-以太幣 ETF 遵守基於商品的投資的既定標準，並在一個嚴格的監管市場內運作。

This approval marks the SEC’s acceptance of diversified crypto ETFs, provided they meet regulatory standards and correlate well with traditional markets.

此次批准標誌著 SEC 接受多元化加密 ETF，前提是它們符合監管標準並與傳統市場良好相關。

Implications for the Crypto Market

對加密貨幣市場的影響

The funds are “likely” to go live in January, with Bitcoin making up about 80% and Ether 20% of the holdings, according to Bloomberg analyst Eric Balchunas.

彭博分析師 Eric Balchunas 表示，這些基金「可能」在 1 月上線，其中比特幣約佔 80%，以太幣約佔 20%。

Moreover, the approval validates the speculations made by Balchunas on Tuesday regarding a new wave of ETFs. He anticipated that Bitcoin and Ethereum ETFs would be approved first, followed by Litecoin (LTC) and HBAR ETFs.

此外，這項批准證實了巴爾丘納斯週二對新一輪 ETF 的猜測。他預計比特幣和以太坊 ETF 將首先獲得批准，其次是萊特幣 (LTC) 和 HBAR ETF。

Now that the first crypto index funds have been approved, experts expect that more issuers will follow suit. ETF Store President Nate Geraci anticipates that institutional investors will drive up demand for these products as they seek to diversify their portfolios.

既然第一批加密指數基金已經獲得批准，專家預計會有更多發行人跟進。 ETF Store 總裁 Nate Geraci 預計，機構投資者在尋求投資組合多元化時將推高對這些產品的需求。

However, other digital assets, such as Solana and XRP, are facing closer regulatory scrutiny. Overall, the SEC’s approval of these ETFs demonstrates a cautious yet progressive approach to regulating cryptocurrencies.

然而，Solana 和 XRP 等其他數位資產正面臨更嚴格的監管審查。總體而言，美國證券交易委員會對這些 ETF 的批准表明了對加密貨幣的監管採取謹慎而漸進的態度。

The approval comes amid high volatility in the cryptocurrency markets.

這項批准是在加密貨幣市場劇烈波動之際獲得的。

Over $1 billion in cryptocurrency was liquidated in the last 24 hours, according to CoinGlass data. Additionally, Bitcoin and Ethereum’s prices have dropped sharply, trading at around $93,000 and $3,200, respectively.

根據 CoinGlass 的數據，過去 24 小時內清算了超過 10 億美元的加密貨幣。此外，比特幣和以太坊的價格大幅下跌，交易價格分別約為 93,000 美元和 3,200 美元。

However, experts believe the introduction of these ETFs could help stabilize the market and attract more institutional investors.

不過，專家認為，這些ETF的推出可能有助於穩定市場並吸引更多機構投資者。