比特幣和以太幣 ETF 可能是 2025 年推出的第一批美國加密貨幣基金

彭博 ETF 分析師 Eric Balchunas 預測，比特幣和以太坊交易所交易基金 (ETF) 將成為 2025 年推出的第一個美國加密貨幣基金

Bloomberg ETF analyst Eric Balchunas predicts that Bitcoin and Ethereum exchange-traded funds (ETFs) will be the first of several U.S. crypto funds launching in 2025.

彭博 ETF 分析師 Eric Balchunas 預測，比特幣和以太坊交易所交易基金 (ETF) 將成為 2025 年推出的幾隻美國加密貨幣基金中的第一隻。

On December 17, Balchunas shared an analysis from fellow ETF analyst James Seyffart. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Balchunas wrote.

12 月 17 日，Balchunas 分享了 ETF 分析師 James Seyffart 的分析。 Balchunas 寫道：“我們預計明年將出現一波加密貨幣 ETF，儘管不是一下子出現。”

We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the btc + eth combo ETFs, then prob Litecoin (bc its fork of btc = commodity), then HBAR (bc not labeled security) and then XRP/Solana (which have been labeled securities in pending… pic.twitter.com/29vMdciZxE

我們預計明年將出現一波加密貨幣 ETF 浪潮，儘管不是一下子出現。首先出現的可能是btc + eth 組合ETF，然後是prob Litecoin（因為它是btc = 商品的分叉），然後是HBAR（因為沒有標記為證券），然後是XRP/Solana（已被標記為待定證券……pic.twitter。

According to Balchunas and Seyffart, ETFs tracking Litecoin (LTC) or Hedera (HBAR) could follow the Bitcoin and Ether fund. Notably, Seyffart mentioned that the U.S. Securities and Exchange Commission (SEC) previously rejected several Solana ETFs. He also suggested that ETFs for Solana (SOL) and XRP will likely be considered only after President-elect Donald Trump’s chair pick heads the agency.

根據 Balchunas 和 Seyffart 的說法，追蹤萊特幣 (LTC) 或 Hedera (HBAR) 的 ETF 可以追隨比特幣和以太基金的腳步。值得注意的是，Seyffart 提到美國證券交易委員會 (SEC) 先前拒絕了幾隻 Solana ETF。他還建議，只有當選總統唐納德·川普的主席人選領導該機構後，才可能考慮 Solana (SOL) 和 XRP 的 ETF。

Balchunas highlighted that regulators view LTC and HBAR more favorably, which is why he and Seyffart believe these assets could see ETFs approved before larger market-cap assets like XRP and SOL.

Balchunas 強調，監管機構對 LTC 和 HBAR 的看法更為有利，這就是為什麼他和 Seyffart 認為這些資產的 ETF 可能會先於 XRP 和 SOL 等市值較大的資產獲得批准。

The SEC has classified XRP and SOL as securities, a designation that has led to regulatory challenges for both cryptocurrencies. This classification complicates the approval process for ETFs tied to these assets and could delay their potential launch.

美國證券交易委員會 (SEC) 將 XRP 和 SOL 歸類為證券，這一認定給這兩種加密貨幣帶來了監管挑戰。這種分類使與這些資產相關的 ETF 的審批流程變得複雜，並可能推遲其潛在的推出。

LTC is seen as a stronger candidate for ETF approval due to its status as a Bitcoin fork, which may qualify it as a “commodity.” On the other hand, HBAR has not been categorized as a security by the SEC. This possibly eases the path for an ETF approval compared to other cryptocurrencies facing regulatory hurdles.

LTC 被視為 ETF 批准的更有力候選者，因為它是比特幣分叉，這可能使其有資格成為「商品」。另一方面，HBAR 尚未被 SEC 歸類為證券。與其他面臨監管障礙的加密貨幣相比，這可能會簡化 ETF 的批准之路。

While LTC and HBAR have stronger approval prospects, the analysts noted that it remains uncertain whether there will be significant investor demand for these funds.

儘管 LTC 和 HBAR 的批准前景較好，但分析師指出，投資人對這些基金是否會有大量需求仍不確定。

Many within the crypto community anticipate that the SEC, under the leadership of Paul Atkins, a nominee selected by President-elect Trump, may adopt a more favorable stance toward crypto assets.

加密貨幣界的許多人預計，在當選總統川普提名的保羅·阿特金斯(Paul Atkins)的領導下，美國證券交易委員會可能會對加密資產採取更有利的立場。

Trump stated that Atkins is a strong believer in the potential of dynamic, innovative capital markets that cater to investor needs and drive economic growth to strengthen the U.S. economy.

川普表示，阿特金斯堅信充滿活力、創新的資本市場具有滿足投資者需求並推動經濟成長以增強美國經濟的潛力。

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

Michaela 沒有加密貨幣部位，也不持有任何加密資產。本文僅供參考，不應視為財務建議。 Shib Magazine 和 The Shib Daily 是 Shiba Inu 加密貨幣計畫的官方媒體和出版物。我們鼓勵讀者在做出任何投資決定之前進行自己的研究並諮詢合格的財務顧問。