由於監管擔憂和客戶偏好，貝萊德的以太坊 ETF 申請陷入停滯

儘管成功推出了比特幣 ETF，但貝萊德在以太坊 ETF 申請方面仍猶豫不決，因為與比特幣相比，客戶對以太坊的需求較低。這種焦點的轉變與美國證券交易委員會對以太坊及其潛在的證券分類的加強審查相一致，引發了監管方面的擔憂。然而，業界對以太坊的支持仍然強勁，貝萊德透過 BUIDL 穩定幣等措施持續探索數位資產，凸顯了其對該行業的承諾。

BlackRock Reassesses Ethereum ETF Amid Regulatory Headwinds and Client Demand

貝萊德在監管逆風和客戶需求中重新評估以太坊 ETF

BlackRock, the behemoth asset management firm that commands a staggering $10 trillion in assets under management, is contemplating a strategic shift in its digital asset strategy. The world's largest ETF provider is mulling over whether to withdraw its application for an Ethereum ETF, following a lukewarm reception to its recently launched Bitcoin ETF.

資產管理巨頭貝萊德 (BlackRock) 管理的資產規模達到驚人的 10 兆美元，該公司正在考慮對其數位資產策略進行策略轉變。全球最大的 ETF 供應商正在考慮是否已撤回其以太坊 ETF 申請，此前該公司最近推出的比特幣 ETF 反響平平。

Robert Mitchnick, BlackRock's Head of Digital Assets, has candidly acknowledged during the Bitcoin Investor Day conference in New York that client demand for Bitcoin far outweighs that for Ethereum and other cryptocurrencies. This revelation has prompted speculation that BlackRock may prioritize Bitcoin investments and potentially abandon its Ethereum ETF pursuit.

貝萊德數位資產主管羅伯特·米奇尼克在紐約舉行的比特幣投資者日會議上坦誠承認，客戶對比特幣的需求遠遠超過對以太坊和其他加密貨幣的需求。這一消息引發了人們的猜測，即貝萊德可能會優先考慮比特幣投資，並可能放棄對以太坊 ETF 的投資。

The firm's indecision coincides with the United States Securities and Exchange Commission's (SEC) postponement of its review of BlackRock's Ethereum ETF application to May 2024. The regulatory landscape surrounding Ethereum has become increasingly uncertain, with ongoing discussions about the possibility of it being classified as a security, akin to the SEC's designation of XRP.

該公司猶豫不決之際，美國證券交易委員會(SEC) 將貝萊德以太坊ETF 申請的審查推遲至2024 年5 月。圍繞以太坊的監管環境變得越來越不確定，有關以太坊被歸類為「以太坊」的可能性的討論仍在繼續。安全性，類似於 SEC 對 XRP 的指定。

This potential reclassification could throw a wrench in the approval process for an Ethereum ETF, further complicating BlackRock's plans. Alex Thorn, Head of Firmwide Research at Galaxy Digital, believes that the SEC's inquiries into crypto firms' dealings with the Ethereum Foundation are indicative of heightened scrutiny. The original Ethereum ICO in 2014 may also come under the microscope, potentially exacerbating the regulatory hurdles for Ethereum.

這種潛在的重新分類可能會給以太坊 ETF 的審批流程帶來麻煩，使貝萊德的計畫更加複雜。 Galaxy Digital 全公司研究主管 Alex Thorn 認為，美國證券交易委員會對加密貨幣公司與以太坊基金會的交易進行的調查表明了嚴格的審查。 2014 年最初的以太坊 ICO 也可能受到密切關注，這可能會加劇以太坊的監管障礙。

Despite these challenges, industry titans such as Coinbase have rallied behind Ethereum, vehemently opposing the SEC's differing regulatory stance on the asset class compared to the Commodity Futures Trading Commission (CFTC). The industry's unwavering support for Ethereum underscores its collective belief in its value beyond the regulatory quagmire.

儘管面臨這些挑戰，Coinbase 等行業巨頭仍然團結起來支持以太坊，強烈反對美國證券交易委員會對該資產類別與商品期貨交易委員會 (CFTC) 不同的監管立場。該行業對以太坊堅定不移的支持突顯了其對其價值超越監管泥沼的集體信念。

Even if BlackRock ultimately decides to shelve its Ethereum ETF plans, it would not diminish the asset's significance in the broader digital asset ecosystem. BlackRock remains committed to exploring other avenues within the digital asset space, as evidenced by its recent launch of the BUIDL stablecoin on the Ethereum blockchain. This move signifies the firm's commitment to tokenization and digital asset innovation, irrespective of the fate of specific ETF applications.

即使貝萊德最終決定擱置其以太坊 ETF 計劃，也不會削弱該資產在更廣泛的數位資產生態系統中的重要性。貝萊德仍致力於探索數位資產領域的其他途徑，最近在以太坊區塊鏈上推出 BUIDL 穩定幣就證明了這一點。此舉表明該公司致力於代幣化和數位資產創新，無論特定 ETF 應用的命運如何。

BlackRock's cautious approach to the Ethereum ETF underscores the complex regulatory and demand-driven landscape that asset managers must navigate in the digital asset space. As the market continues to evolve, BlackRock and other institutions will likely adapt their strategies to align with client interests and regulatory developments. The firm's ongoing exploration of blockchain technology and digital assets beyond Ethereum signals a long-term commitment to the sector, promising sustained innovation and investment in the years to come.

貝萊德對以太坊 ETF 的謹慎態度凸顯了資產管理公司在數位資產領域必須應對複雜的監管和需求驅動的環境。隨著市場的不斷發展，貝萊德和其他機構可能會調整其策略，以適應客戶利益和監管發展。該公司對以太坊以外的區塊鏈技術和數位資產的持續探索標誌著對該行業的長期承諾，並承諾在未來幾年持續創新和投資。