SEC 再次推遲對灰階以太坊期貨 ETF 做出決定，截止日期為 5 月 30 日

美國證券交易委員會 (SEC) 對灰階以太坊期貨 ETF 的決定一再推遲，新的最後期限是 5 月 30 日。這一推遲最初的 3 月 31 日目標標誌著投資者的等待時間較長。監管機構表示需要更多時間來審查擬議的規則變更和公眾意見。這標誌著以太坊期貨 ETF 的第二次延期，SEC 先前將新的決定截止日期設定為 2023 年 12 月。

Has the SEC Hit a Delay Wall on Grayscale's Ethereum Futures ETF?

美國證券交易委員會 (SEC) 對 Grayscale 的以太坊期貨 ETF 是否已觸及延遲牆？

The Securities and Exchange Commission (SEC) has once again extended the deadline for a decision on Grayscale's Ethereum Futures Trust Exchange-Traded Fund (ETF). The new deadline is May 30, pushing the decision further out from the initial March 31 target.

美國證券交易委員會（SEC）再次延長了對灰階以太坊期貨信託交易所交易基金（ETF）做出決定的最後期限。新的最後期限是 5 月 30 日，這使得該決定比最初的 3 月 31 日目標進一步推遲。

What's the Deal with the Delay?

延遲有什麼關係？

The SEC cited the need for more time to review the proposed rule change and the public comments it has received. This marks the second extension for the Ethereum Futures ETF, with the SEC previously delaying the decision to December 2023.

美國證券交易委員會表示需要更多時間來審查擬議的規則變更及其收到的公眾意見。這標誌著以太坊期貨 ETF 的第二次延期，SEC 先前將決定推遲到 2023 年 12 月。

Grayscale's Ambitious Plans

灰度的雄心勃勃的計劃

Grayscale's Ethereum Futures ETF aims to invest in Ethereum futures contracts, a derivative product that tracks the price of Ethereum. The ETF would be listed on the New York Stock Exchange under Arca Rule 8.200-E.

Grayscale的以太坊期貨ETF旨在投資以太坊期貨合約，這是一種追蹤以太坊價格的衍生產品。該 ETF 將根據 Arca 規則 8.200-E 在紐約證券交易所上市。

A "Trojan Horse" for Spot ETF Approval?

現貨ETF核准的「特洛伊木馬」？

Some analysts have suggested that Grayscale may be using the futures ETF application as a way to influence the SEC's decision on its spot ETF application. The approval of a futures ETF could potentially strengthen Grayscale's case for a spot ETF, which would track the price of Ethereum directly.

一些分析師表示，灰階可能會利用期貨 ETF 申請來影響 SEC 對其現貨 ETF 申請的決定。期貨 ETF 的批准可能會加強 Grayscale 推出現貨 ETF 的理由，該 ETF 將直接追蹤以太坊的價格。

SEC's Scrutiny on Crypto ETFs

SEC 對加密 ETF 的審查

The delay in Grayscale's Ethereum Futures ETF approval comes amidst increased scrutiny of crypto-based ETFs by the SEC. The SEC recently approved spot Bitcoin ETFs, but the Ethereum ETF space remains uncertain.

Grayscale 的以太坊期貨 ETF 延遲批准之際，美國證券交易委員會 (SEC) 對基於加密貨幣的 ETF 加強了審查。美國證券交易委員會 (SEC) 最近批准了比特幣 ETF 現貨，但以太坊 ETF 空間仍存在不確定性。

Industry Concerns over SEC's Stance

業界對 SEC 立場的擔憂

John Lo, founder of Capital, believes the SEC is likely to take a more cautious approach to Ethereum ETFs, given its approval of Bitcoin ETFs. He suggests that the SEC may view the Bitcoin ETF approval as a setback and seek to avoid similar situations.

Capital 創辦人 John Lo 認為，鑑於 SEC 對比特幣 ETF 的批准，它可能會對以太坊 ETF 採取更加謹慎的態度。他建議 SEC 可能將比特幣 ETF 的批准視為挫折，並尋求避免類似情況。

Other ETF Applications Facing Delays

其他面臨延誤的 ETF 申請

Grayscale is not alone in facing hurdles in launching Ethereum ETFs. BlackRock and Fidelity have also seen delays in their Ethereum Trust and Ethereum Fund applications, respectively.

Grayscale 並不是唯一一家在推出以太坊 ETF 方面面臨障礙的公司。貝萊德和富達的以太坊信託和以太坊基金申請也分別出現延遲。

Impact on Ethereum Prices

對以太幣價格的影響

The delay in Ethereum ETF approvals has weighed on Ethereum prices. The cryptocurrency fell 4.44% on the day the delay was announced, closing at $3365.4. The overall fluctuation in the day was approximately 9%.

以太坊 ETF 批准的延遲打壓了以太幣價格。在宣布延遲的當天，加密貨幣下跌 4.44%，收在 3365.4 美元。當日整體波動幅度約為9%。

Conclusion

結論

The SEC's decision on Grayscale's Ethereum Futures ETF remains uncertain, with the extended deadline indicating a need for further review. The SEC's scrutiny of crypto ETFs, combined with the challenges faced by other asset management firms, suggests that the path to approval may be a bumpy one.

美國證券交易委員會對 Grayscale 以太坊期貨 ETF 的決定仍不確定，延長的截止日期表明需要進一步審查。美國證券交易委員會對加密 ETF 的審查，再加上其他資產管理公司面臨的挑戰，表明批准之路可能會崎嶇不平。