以太坊 (ETH) 交易所交易基金 (ETF) 最快可能在 7 月 23 日推出

據行業專家稱，期待已久的現貨以太坊 (ETH) 交易所交易基金 (ETF) 最早可能會在 7 月 23 日推出。

The launch of spot ether (ETH) exchange traded funds (ETFs) could happen as early as July 23, according to industry experts. And much like the January launch of eleven spot bitcoin (BTC) ETFs, the resultant surge in demand could catapult the price of ETH, but perhaps not as significantly as what happened with BTC, which reached record highs after the launch of its spot ETFs.

據行業專家稱，現貨以太坊 (ETH) 交易所交易基金 (ETF) 最早可能在 7 月 23 日推出。就像 1 月推出 11 隻現貨比特幣 (BTC) ETF 一樣，由此產生的需求激增可能會推高 ETH 的價格，但可能不會像 BTC 那樣顯著，BTC 在推出現貨 ETF 後創下歷史新高。

“The magnitude of this success is probably going to be less significant for Ethereum than it was for Bitcoin,” said Jonathan Bier, chief investment officer at Farside Investors, a London-based investment management firm.

倫敦投資管理公司 Farside Investors 的首席投資官喬納森·比爾 (Jonathan Bier) 表示：“以太坊的成功程度可能不如比特幣那麼重要。”

“Bitcoin was first,” Bier explained, adding that bitcoin is primarily a financial asset, used as a safe haven, while ether derives its value from the level of developer activity on its platform.

「比特幣是第一個，」比爾解釋道，並補充說比特幣主要是一種金融資產，用作避風港，而以太幣的價值則來自其平台上的開發者活動水平。

The latest moves with ether all began in late May when the U.S. Securities and Exchanges Commission (SEC) unexpectedly approved the 19b-4 forms for spot ether ETFs from BlackRock, Bitwise, Grayscale, Van Eck, Ark 21Shares, Fidelity, Franklin Templeton, and Invesco Galaxy. The forms are a key part of the SEC's preliminary process for ETF approval.

以太坊的最新動向始於 5 月底，當時美國證券交易委員會 (SEC) 出人意料地批准了來自 BlackRock、Bitwise、Grayscale、Van Eck、Ark 21Shares、Fidelity、Franklin Templeton 和景順銀河。這些表格是 SEC ETF 批准初步流程的關鍵部分。

These entities are now required to submit finalized S-1 forms by today, which if approved, would greenlight the launch of spot ether ETFs as soon as next Tuesday, sparking a potential boon for ETH investors.

這些實體現在需要在今天之前提交最終的 S-1 表格，如果獲得批准，最快將於下週二推出現貨以太坊 ETF，從而為 ETH 投資者帶來潛在的好處。

“The ETF will likely see significant inflow,” crypto investor Lark Davis told Unchained. “The stars are aligning even if there is some kind of, let's say, price turbulence in the first day or two of these products listing.”

「ETF 可能會出現大量資金流入，」加密貨幣投資者 Lark Davis 告訴 Unchained。 “即使在這些產品上市的第一天或第二天出現某種價格波動，明星們也會齊頭並進。”

Ether rallied about 30% to $3,943 around the time of the 19b-4 approvals, before dipping below $3,000 earlier this month, according to CoinMarketCap. It currently trades around $3,445, up more than 12% since last week.

根據 CoinMarketCap 的數據，在 19b-4 年獲得批准期間，以太幣上漲了約 30% 至 3,943 美元，然後在本月初跌破 3,000 美元。目前其交易價格約為 3,445 美元，自上週以來上漲超過 12%。

Pedro Lapenta, head of research at Hashdex, an investment firm which manages a bitcoin futures ETF, expects ether ETF inflows of roughly $5 billion by the end of 2024. However, Lapenta told Unchained that sustained price action may take time.

管理比特幣期貨 ETF 的投資公司 Hashdex 的研究主管 Pedro Lapenta 預計，到 2024 年底，以太坊 ETF 的流入量將達到約 50 億美元。

Read more: VanEck to Waive Initial Fee on Spot Ethereum ETFs, Plans to ‘Make It Up’ on DeFi Volume

了解更多：VanEck 免除現貨以太坊 ETF 的初始費用，計劃「彌補」 DeFi 交易量

“We do think ETH’s price will respond favorably in the short term,” Lapenta said. “However, the true price impact of these ETFs will play out over a longer period.”

「我們確實認為 ETH 的價格會在短期內做出有利的反應，」Lapenta 說。 “然而，這些 ETF 的真正價格影響將在較長時期內顯現出來。”

The Trump Factor

川普因素

The crypto markets overall have also been buoyed by the prospects of a Donald Trump presidency, who has increased his polling lead over incumbent Joe Biden after a foiled assassination attempt last Saturday.

總體而言，加密貨幣市場也受到唐納德·特朗普(Donald Trump)當選總統的前景的提振，在上週六的一次暗殺企圖挫敗後，特朗普在民意調查中領先於現任總統喬·拜登(Joe拜登)。

Trump, who previously had been critical of cryptocurrencies, has indicated he will be a pro-crypto president if he wins November's election, and in May he became the first major presidential candidate in American history to accept cryptocurrency donations.

先前一直對加密貨幣持批評態度的川普表示，如果他贏得11 月的大選，他將成為支持加密貨幣的總統，並於5 月成為美國歷史上第一位接受加密貨幣捐贈的主要總統候選人。

Read more: Trump-Themed Tokens Soar, Odds of Election Win Hit 71% on Polymarket

閱讀更多：Polymarket 上川普主題代幣飆升，選舉獲勝幾率達 71%

However, Bier is skeptical of the impact of Trump's potential victory on long-term crypto prices, pointing out how U.S. presidents frequently break campaign promises.

然而，比爾對川普的潛在勝利對長期加密貨幣價格的影響持懷疑態度，並指出美國總統經常違背競選承諾。

“I would love to believe Trump will retain his pro crypto stance once he gets into office,” Bier said. “But unfortunately, I have no reason to believe that.”

比爾表示：“我很願意相信川普上任後將保持其支持加密貨幣的立場。” “但不幸的是，我沒有理由相信這一點。”

If the spot ether ETF launches next week, it will do so right before the annual Bitcoin Conference, which kicks off on July 24 in Nashville and will feature Trump as its marquee guest. Trump has confirmed he will be speaking at the conference despite the injury he sustained in the attempt on his life.

如果現貨以太 ETF 下週推出，它將在年度比特幣會議之前推出，該會議將於 7 月 24 日在納許維爾開幕，川普將作為其特別嘉賓。川普確認他將在會議上發表講話，儘管他在自殺事件中受傷。

The controversial former president has already received $1.8 million in bitcoin contributions and almost $1 million in ether, according to the Wall Street Journal. He also launched a “Mugshot Edition” NFT last year following his indictment for election racketeering, in addition to his other collections, which include the POTUS Trump NFT collection and the Donald Trump NFT collection, according to NFT site nftevening.com.

根據《華爾街日報》報道，這位備受爭議的前總統已經收到了 180 萬美元的比特幣捐款和近 100 萬美元的以太幣。據NFT 網站nftevening.com 稱，在他被指控選舉詐騙後，他去年還推出了「照片版」NFT，此外還有他的其他收藏品，其中包括美國總統川普NFT 收藏品和唐納德·特朗普NFT 收藏品。

Read more: Trump Picking J.D. Vance as Vice Presidential Running Mate Sends Vance Related-Memecoins Soaring

閱讀更多：川普選擇 JD 萬斯作為副總統競選夥伴使萬斯相關的迷因幣飆升

Conversely, many consider President Joe Biden to be outrightly anti-crypto given the hostile stance the SEC has taken against many crypto firms during his administration. And Biden himself vetoed the repeal of SAB 121 – an SEC accounting guideline that makes it onerous for banks to service crypto clients.

相反，許多人認為喬·拜登總統是徹底反加密貨幣的，因為美國證券交易委員會在其執政期間對許多加密貨幣公司採取了敵對立場。拜登本人否決了 SAB 121 的廢除——這是 SEC 的一項會計準則，該準則使得銀行為加密貨幣客戶提供服務變得繁重。

Leading up to the veto, Trump's campaign appeared to criticize Biden's stance on crypto regulation, touting Trump's record on “innovation in financial technology” while blasting Biden for his more restrictive crypto policies.

在否決之前，川普的競選團隊似乎批評了拜登在加密貨幣監管方面的立場，吹捧川普在「金融科技創新」方面的記錄，同時抨擊拜登更具限制性的加密貨幣政策。

Unlike Bier, Davis told Unchained he expects Trump to follow through on his commitment to crypto.

與比爾不同的是，戴維斯告訴 Unchained，他希望川普能夠兌現他對加密貨幣的承諾。

“I think we can expect some very positive crypto announcements and regulations from the White

「我認為我們可以期待白人發布一些非常積極的加密貨幣公告和法規