美國證券交易委員會批准現貨比特幣 ETF，以太坊 ETF 正在接受審查

經過十多年的拖延和拒絕，SEC 終於在 2024 年初批准了近十幾隻現貨比特幣 ETF，導致傳統投資者的需求激增，並對 BTC 的價格產生了不可否認的影響。現在，加密貨幣社群熱切等待 SEC 對多個現貨以太坊 ETF 申請的決定，特別是產業巨頭貝萊德和富達提交的申請。

United States Securities and Exchange Commission Greenlights Spot Bitcoin ETFs, Speculation on Ether ETF Approvals

美國證券交易委員會批准現貨比特幣 ETF，對以太坊 ETF 批准的猜測

SEC's Approvals of Bitcoin ETFs

美國證券交易委員會 (SEC) 批准比特幣 ETF

In January 2024, after a decade of deliberation and deferrals, the United States Securities and Exchange Commission (SEC) granted approval to approximately a dozen spot Bitcoin exchange-traded funds (ETFs). This groundbreaking move has had a profound impact on the price of Bitcoin (BTC) as traditional investors flocked to these products, creating a surge in demand.

2024 年 1 月，經過十年的審議和推遲，美國證券交易委員會 (SEC) 批准了大約十幾個現貨比特幣交易所交易基金 (ETF)。這項突破性舉措對比特幣（BTC）的價格產生了深遠影響，因為傳統投資者紛紛湧向這些產品，導致需求激增。

Speculation Surrounding Ether ETFs

圍繞以太坊 ETF 的投機

With the establishment of Bitcoin ETFs, the cryptocurrency community has shifted its focus to the potential approval of Ether (ETH) ETFs. Multiple companies, including industry giants BlackRock and Fidelity, have filed applications with the SEC to launch such products. However, the SEC has repeatedly delayed its decision on these filings.

隨著比特幣 ETF 的建立，加密貨幣社群已將焦點轉向以太幣 (ETH) ETF 的潛在批准。包括產業巨頭貝萊德和富達在內的多家公司已向美國證券交易委員會提交了推出此類產品的申請。然而，美國證券交易委員會一再推遲對這些文件做出決定。

Industry Concerns and Comparisons

行業關注和比較

Amidst these delays, industry professionals have begun to question the SEC's motives, drawing parallels to its prior rejection of numerous BTC ETFs over the past ten years. As a result, the initial optimism surrounding ETH ETF approvals has dwindled in recent weeks, despite earlier predictions of SEC approvals in May 2024.

在這些延誤中，行業專業人士開始質疑 SEC 的動機，並將其與過去十年來拒絕眾多 BTC ETF 的做法相提並論。因此，儘管 SEC 早先預測 ETH ETF 將於 2024 年 5 月獲得批准，但最近幾週，圍繞 ETH ETF 批准的最初樂觀情緒有所減弱。

Latest Developments and SEC's Stance

最新進展和 SEC 的立場

Recent analyses suggest that the SEC is likely to reject all spot Ethereum ETF applications with upcoming due dates in May. This decision could potentially have implications for the price of ETH, as market participants anticipate the potential outcomes.

最近的分析表明，SEC 可能會拒絕所有即將於 5 月到期的以太坊 ETF 現貨申請。由於市場參與者預計潛在的結果，這項決定可能會對 ETH 的價格產生影響。

Potential Impact on ETH's Price

對 ETH 價格的潛在影響

Perplexity, a popular ChatGPT alternative, has provided insights into the potential impact of the SEC's decision on ETH's price. According to the AI chatbot, the SEC's actions, whether approval or rejection, may not have a significant short-term effect on ETH's price.

Perplexity 是一種受歡迎的 ChatGPT 替代品，它提供了有關 SEC 決定對 ETH 價格潛在影響的見解。根據 AI 聊天機器人的說法，SEC 的行動，無論是批准還是拒絕，可能不會對 ETH 的價格產生重大的短期影響。

Historical Precedence and Market Sentiment

歷史優先順序和市場情緒

This theory aligns with observations from previous BTC ETF rejections over the last decade. Bitcoin has demonstrated resilience to the SEC's actions due to its established track record. However, the situation with Ethereum is distinct as it lacks the same degree of regulatory history.

這個理論與過去 10 年 BTC ETF 被拒絕的觀察結果一致。由於其既定的記錄，比特幣已表現出對 SEC 行動的彈性。然而，以太坊的情況則截然不同，因為它缺乏同樣程度的監管歷史。

Moreover, the approval of Bitcoin ETFs has historically coincided with substantial price fluctuations in the underlying asset. Increased demand and inflows have pushed BTC's price upward, while the opposite trend has also been observed.

此外，從歷史上看，比特幣 ETF 的批准往往與相關資產的價格大幅波動同時發生。需求和資金流入的增加推動了比特幣價格的上漲，但也出現了相反的趨勢。

Conclusion

結論

The SEC's eventual decision on spot Ethereum ETFs remains a subject of speculation and anticipation. The outcome could influence market sentiment and the price of ETH, although the long-term effects are uncertain. With the SEC's history of indecision and the evolving regulatory landscape, industry participants await further developments with keen interest.

美國證券交易委員會對以太坊 ETF 現貨的最終決定仍然是猜測和預期的主題。儘管長期影響尚不確定，但結果可能會影響市場情緒和 ETH 價格。由於 SEC 優柔寡斷的歷史和不斷變化的監管環境，行業參與者懷著濃厚的興趣等待進一步的發展。