面對仍然猶豫的法規，加密工業正在屏住呼吸。

隨著對加密ETF的熱情的增長，美國證券交易委員會（SEC）剛剛推遲了對重大要求的決定：將Grayscale的XRP Trust的轉換為ETF。

The crypto industry is holding its breath as the U.S. Securities and Exchange Commission (SEC) continues to navigate the still-hesitant regulatory landscape.

隨著美國證券交易委員會（SEC）繼續在仍然存在的監管景觀中，加密行業正在屏住呼吸。

As enthusiasm for crypto ETFs grows and major asset managers adjust their expansion strategies, the SEC has just postponed its decision on a significant request: the conversion of Grayscale’s XRP Trust into an ETF.

隨著對加密ETF的熱情增長，主要資產經理調整了他們的擴展策略，SEC剛剛推遲了其對重要要求的決定：將Grayscale的XRP Trust的轉換為ETF。

This postponement, announced on Tuesday, highlights the heightened regulatory difficulties encountered by these assets, even as crypto-related financial products gain legitimacy among institutional investors.

這次推遲於週二宣布，強調了這些資產遇到的監管困難加劇，即使與加密相關的金融產品獲得了機構投資者的合法性。

The SEC extends its review of Grayscale’s XRP ETF

SEC擴展了對Grayscale的XRP ETF的評論

The American financial watchdog has chosen to exercise its right to delay its decision on Grayscale’s request to transform its XRP Trust into an exchange-traded fund (ETF).

美國金融監管機構選擇行使其對格雷斯卡（Grayscale）要求將其XRP信託轉變為交易所交易基金（ETF）的要求的權利。

In its statement, the agency explains that it finds it “appropriate” to extend the review period in order to examine the implications of this transformation in more detail.

該機構在其聲明中解釋說，它發現延長審核期的“適當”以便更詳細地研究這種轉換的含義。

The announcement immediately impacted the price of XRP, which saw a decline of 1.2% after reaching an intraday peak of $2.2.

該公告立即影響了XRP的價格，XRP的價格下降了1.2％，達到2.2美元的盤中峰值。

This postponement is not an isolated case, as the SEC has also pushed back its decisions regarding similar proposals, including those targeting Dogecoin and Litecoin ETFs.

這種推遲不是孤立的情況，因為SEC還推遲了有關類似建議的決定，包括針對Dogecoin和Litecoin ETF的建議。

The battle of XRP ETFs and the reluctance of financial giants

XRP ETF之戰和財務巨頭不願

While Grayscale is on the front line of this endeavor, other players are also vying for a place in the XRP ETF market.

儘管灰度是這項努力的前線，但其他玩家也在爭奪XRP ETF市場的位置。

The SEC still has to rule on the applications submitted by 21Shares and Canary Capital, which are awaiting a verdict in the coming weeks. Moreover, Franklin Templeton, one of the heavyweights in asset management, recently joined the race by filing an application for an XRP ETF.

SEC仍必須對21shares和Canary Capital提交的申請進行裁決，這些申請正在等待未來幾週的裁決。此外，資產管理重量級人物之一的富蘭克林·鄧普頓（Franklin Templeton）最近通過提交XRP ETF的申請參加了比賽。

In contrast, giants like BlackRock and Fidelity, although already engaged in the Bitcoin and Ethereum ETF market, are keeping their distance from XRP ETFs.

相比之下，諸如BlackRock和Fidelity之類的巨人雖然已經從事比特幣和以太坊ETF市場，但仍在與XRP ETF保持距離。

Earlier this year, BlackRock expressed a lack of interest in investing in financial products linked to alternative cryptos, which could indicate skepticism regarding the still-unclear regulations and market prospects for XRP.

今年早些時候，貝萊德（Blackrock）表示，對與替代加密貨幣有關的金融產品的投資缺乏興趣，這可能表明對XRP的靜止法規和市場前景的懷疑。

The uncertainty surrounding the regulation of crypto ETFs in the United States continues to weigh on market players. Despite measured optimism, with Polymarket analysts estimating the chances of an XRP ETF approval at 75%, caution is warranted.

美國加密ETF的監管的不確定性繼續使市場參與者權衡。儘管有衡量的樂觀情緒，但Polymarket分析師估計了XRP ETF批准為75％的機會，因此需要謹慎。

The SEC’s decision could have a significant impact on the evolution of the altcoin market, which would affect not only the price of XRP but also the attitude of institutional investors towards alternative cryptos in general.

SEC的決定可能會對Altcoin市場的發展產生重大影響，這不僅會影響XRP的價格，而且會影響機構投資者對總體上的替代加密貨幣的態度。

This postponement once again highlights the prudence of the regulator in the face of a sector undergoing rapid change as it strives to find its place alongside traditional financial assets.

這種推遲再次凸顯了監管機構在一個行業面臨迅速變化的情況下的審慎，因為它努力與傳統的金融資產一起找到自己的位置。