比特幣和以太坊ETF用SEC的“加速批准”清除了首次監管障礙

Bitwise資產管理的交易所交易產品跟踪比特幣和以太坊已獲得美國證券交易委員會的初步點頭。

The United States Securities and Exchange Commission has given an initial approval to an exchange-traded product from Bitwise Asset Management that will track Bitcoin and Ethereum.

美國證券交易委員會已向位於比特幣和以太坊的Bitwise Asset Management的交易所交易產品提供了初步批准。

According to an update from the commission on Jan. 30, the Bitwise Bitcoin and Ethereum ETF received “accelerated approval” for its 19b-4 filing. The product now awaits the regulator’s decision on its S-1 registration, which will be the final step before commencing trading.

根據1月30日委員會的最新消息，比特幣和以太坊ETF獲得了19b-4備案的“加速批准”。該產品現在正在等待監管機構對其S-1註冊的決定，這將是開始交易之前的最後一步。

A 19b-4 approval allows an exchange to list and trade a new financial product, while an S-1 registration is required for issuing new securities to the public.

19b-4批准允許交易所列出和交易新的金融產品，而向公眾發行新證券需要S-1註冊。

The Bitwise ETF was filed in November to offer investors exposure to both Bitcoin and Ethereum within a single product. The fund is structured to track the spot prices of BTC and ETH, with asset weightings based on their relative market capitalizations.

Bitwise ETF於11月提交，以向投資者提供單一產品中對比特幣和以太坊的接觸。該基金的結構是通過基於其相對市值的資產權重跟踪BTC和ETH的現貨價格。

At the time of its last filing, the allocation was around 83% Bitcoin and 17% Ethereum. To calculate these weightings, the ETF will multiply each asset's circulating supply with a pricing benchmark.

在上次申請時，分配約為83％比特幣和17％的以太坊。為了計算這些權重，ETF將用定價基準將每個資產的循環供應倍增。

This marks the first approval for a crypto ETP under the current SEC administration led by acting chair Mark Udeya, but it is the third joint Bitcoin and Ethereum ETF to receive a green light from the regulator.

這標誌著由代理椅子Mark Udeya領導的當前SEC管理下的加密ETP的首次批准，但它是第三個聯合比特幣和以太坊ETF，從監管機構獲得綠光。

Given that the fund's structure is very similar to previously approved products, such as the spot Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, the filing was approved within the first deadline.

鑑於該基金的結構與先前批准的產品非常相似，例如Hashdex和Franklin Templeton的現貨比特幣和以太坊ETF，該文件在第一個截止日期內得到了批准。

“The structure of the Trust, the terms of its operation and the trading of its Shares, and the representations in the Exchange’s amended filing are substantially similar to those of the spot bitcoin and spot ether ETP proposals approved in prior Commission orders,” the SEC noted.

“信託的結構，其運營條款以及其股份的交易以及交易所修訂的申請中的陳述與現有委員會訂單中批准的現貨比特幣和現貨比特幣和現貨ETER ETP提案基本相似。著名的。

Meanwhile, Bitwise is still awaiting approval for two other products, including a Dogecoin ETF for which it filed an S-1 on Jan. 29, and the Bitcoin Standard Corporations ETF that will invest in equity securities of publicly traded firms holding over 1,000 BTC in their corporate treasuries.

同時，Bitwise仍在等待其他兩種產品的批准，包括1月29日提交S-1的Dogecoin ETF和將投資於公開交易的公司的股票證券的比特幣標準公司ETF他們的公司國庫。

Several issuers are optimistic that the new SEC under President Donald Trump will be more open to a broader range of crypto investment products. As such, firms have begun exploring ETFs beyond Bitcoin and Ethereum.

幾位發行人對唐納德·特朗普（Donald Trump）總統領導下的新SEC的樂觀態度更加樂觀，將更加開放更廣泛的加密投資產品。因此，公司已開始探索超越比特幣和以太坊的ETF。

For example, Tuttle Capital has filed for ten leveraged ETF products that will track a variety of altcoins, including XRP (XRP), Solana (SOL), Official Trump (TRUMP), Melania Meme (MELANIA) and more. Other issuers like Grayscale and Canary have also filed for altcoin-based ETFs.

例如，塔特爾資本（Tuttle Capital）已申請了十種槓桿ETF產品，這些產品將追踪各種山寨幣，包括XRP（XRP），Solana（Sol）（Sol），官方特朗普（Trump）， Melania Meme（Melania）等。其他發行人（例如灰刻）和金絲雀也為基於Altcoin的ETF申請。