由於監管不確定性，美國證券交易委員會 (SEC) 打消了 5 月以太坊現貨 ETF 批准的希望

Valkyrie 資訊長 Steven McClurg 預測 SEC 不太可能在 5 月批准以太坊 ETF 現貨。他表示，萊特幣或 XRP 現貨 ETF 在 ETH 之前獲得批准的可能性更高，理由是對 ETH 被歸類為證券以及 SEC 調查的潛在擔憂。儘管之前預計 ETH ETF 會獲得批准，但最近的事態發展澆熄了人們的熱情，SEC 推遲了決定，專家們也降低了 2024 年 5 月批准的可能性。

Securities Regulators Cast Doubt on Ethereum Spot ETF Approval in May

證監會對5月以太幣現貨ETF批准提出質疑

Washington, D.C. - The Securities and Exchange Commission (SEC) is unlikely to grant approval for a spot Ethereum exchange-traded fund (ETF) in May, according to Valkyrie Investments co-founder and Chief Investment Officer Steven McClurg.

華盛頓特區 - Valkyrie Investments 聯合創始人兼首席投資長 Steven McClurg 表示，美國證券交易委員會 (SEC) 不太可能在 5 月批准以太坊現貨交易所交易基金 (ETF)。

Regulatory Cautions

監管注意事項

McClurg expressed his skepticism during a fireside chat at the Digital Wildcatters Empower Conference. He believes that Ethereum (ETH) may be classified as a security, which would make it subject to stricter regulatory oversight and hinder its approval as a spot ETF. This view aligns with recent reports of an investigation into the Ethereum Foundation by the SEC.

麥克盧格在數位野貓賦權會議的爐邊談話中表達了他的懷疑。他認為，以太坊（ETH）可能被歸類為證券，這將使其受到更嚴格的監管，並阻礙其作為現貨ETF的批准。這一觀點與美國證券交易委員會最近對以太坊基金會的調查報告一致。

Market Expectations Revisited

重新檢視市場預期

Prior to this news, many analysts had anticipated an ETH spot ETF approval in May. However, McClurg's comments and the ongoing SEC investigation have cast doubt on this timeline. Bloomberg senior ETF analyst Eric Balchunas has also suggested that the chances of a May 2024 approval have diminished due to a lack of engagement between the SEC and ETF issuers.

在此消息發布之前，許多分析師預計 ETH 現貨 ETF 將在 5 月獲得批准。然而，麥克盧格的評論和美國證券交易委員會正在進行的調查讓人們對這一時間表產生了懷疑。彭博社高級 ETF 分析師 Eric Balchunas 也表示，由於 SEC 和 ETF 發行人之間缺乏接觸，2024 年 5 月獲得批准的機會已經減少。

Commodity Classification Complicates Matters

商品分類使問題變得複雜

While the SEC weighs the security status of ETH, the US Commodity Futures Trading Commission (CFTC) views it as a commodity. This discrepancy between regulatory agencies further complicates the regulatory landscape for ETH ETFs.

雖然 SEC 權衡 ETH 的安全狀況，但美國商品期貨交易委員會 (CFTC) 將其視為一種商品。監管機構之間的這種差異使 ETH ETF 的監管環境更加複雜。

Alternative ETF Prospects

另類 ETF 前景

Instead of an ETH spot ETF, McClurg predicts that the regulatory environment may be more favorable for spot ETFs based on other cryptocurrencies, such as Litecoin (LTC) or XRP. These assets have not been subject to the same level of scrutiny as ETH and may present a lower regulatory hurdle.

McClurg 預測，監管環境可能更有利於基於其他加密貨幣（例如萊特幣（LTC）或 XRP）的現貨 ETF，而不是 ETH 現貨 ETF。這些資產並未受到與 ETH 同等程度的審查，並且可能存在較低的監管障礙。

Market Implications

市場影響

The delayed approval of an ETH spot ETF could have significant implications for the crypto market. Investors who have been eagerly awaiting this development may be disappointed. Additionally, the uncertainty surrounding ETH's regulatory status could impact its price and market sentiment.

ETH 現貨 ETF 的延遲批准可能會對加密貨幣市場產生重大影響。一直熱切等待這項進展的投資者可能會感到失望。此外，圍繞 ETH 監管狀況的不確定性可能會影響其價格和市場情緒。

Regulatory Clarity Needed

監管需要明確

McClurg's comments underscore the need for greater regulatory clarity regarding the classification of cryptocurrencies. Until a clear framework is established, the approval of spot ETFs for major assets like ETH will remain uncertain.

麥克盧格的評論強調需要對加密貨幣的分類進行更明確的監管。在建立明確的框架之前，ETH 等主要資產的現貨 ETF 是否獲得批准仍存在不確定性。

Industry Response

業界反應

Crypto industry leaders have expressed concerns over the SEC's cautious approach to crypto ETFs. They argue that it stifles innovation and puts US investors at a disadvantage compared to other markets where such products are available.

加密行業領導者對 SEC 對加密 ETF 的謹慎態度表示擔憂。他們認為，這抑制了創新，並使美國投資者與提供此類產品的其他市場相比處於不利地位。

Conclusion

結論

The SEC's reluctance to approve a spot ETH ETF in May highlights the ongoing regulatory challenges facing the cryptocurrency industry. While some assets may face hurdles due to their potential classification as securities, others may have a smoother path to ETF approval. The regulatory landscape for cryptocurrencies remains fluid, and investors should monitor developments closely.

美國證券交易委員會 (SEC) 5 月不願批准現貨 ETH ETF，凸顯了加密貨幣產業持續面臨的監管挑戰。雖然某些資產可能因其潛在的證券分類而面臨障礙，但其他資產可能有更順利的 ETF 批准之路。加密貨幣的監管環境仍然不穩定，投資者應密切關注事態發展。