由於 SEC 的安全分類和監管懷疑，以太坊 ETF 的推出陷入停滯

法庭文件和申請人會議報告顯示，SEC 認為以太坊 (ETH) 是一種證券，導致 ETH 交易所交易基金 (ETF) 的批准陷入停滯。儘管行業領袖呼籲監管，但 SEC 會議“令人沮喪”且“片面”，導致 ETH 價值下跌 4.20%。

Ethereum ETFs Stalled Amid Regulatory Uncertainty: SEC's Grim Outlook Clouds Industry Hopes

監管不確定性導致以太坊 ETF 停滯不前：SEC 的嚴峻前景為產業帶來希望

Washington, D.C. - The highly anticipated launch of Ethereum exchange-traded funds (ETFs) has been met with a significant setback as the Securities and Exchange Commission (SEC) continues to scrutinize the cryptocurrency's status and regulatory framework.

華盛頓特區 - 隨著美國證券交易委員會 (SEC) 繼續審查加密貨幣的現狀和監管框架，備受期待的以太坊交易所交易基金 (ETF) 的推出遭遇了重大挫折。

Confidential Court Filings Reveal SEC's Security Classification

機密法庭文件揭露了 SEC 的安全分類

Confidential court filings obtained by Reuters have shed light on the SEC's stance on Ethereum, indicating that the agency classifies the second-largest cryptocurrency as a security. This classification implies that Ethereum falls under the jurisdiction of federal securities laws, subjecting it to stricter regulations and oversight.

路透社獲得的機密法庭文件揭示了美國證券交易委員會對以太坊的立場，表明該機構將第二大加密貨幣歸類為證券。這種分類意味著以太坊屬於聯邦證券法的管轄範圍，使其受到更嚴格的監管和監督。

Discouraging Applicant Meetings Point to Regulatory Impasse

令人沮喪的申請人會議顯示監管僵局

Nine applicant meeting reports, obtained from industry sources, have painted a bleak picture of recent interactions between potential ETH ETF issuers and the SEC. Applicants have described the meetings as "discouraging" and "one-sided," with little constructive dialogue or clarity provided by the regulator.

從行業消息來源獲得的九份申請人會議報告描繪了潛在 ETH ETF 發行人與 SEC 之間近期互動的慘淡景象。申請人將這些會議描述為“令人沮喪”和“片面”，監管機構幾乎沒有提供建設性對話或明確說明。

SEC's Delay Adds to Market Uncertainty

美國證券交易委員會的延遲增加了市場的不確定性

The SEC's recent delay in making a decision on Franklin Templeton and Grayscale's proposed Ether ETFs has further fueled uncertainty within the crypto industry. Industry leaders had expressed optimism that the SEC's approval of Bitcoin spot ETFs in January 2024 signaled a willingness to regulate cryptocurrencies, but the agency's hesitance regarding ETH ETFs has cast doubt on this assessment.

美國證券交易委員會 (SEC) 最近推遲對富蘭克林鄧普頓 (Franklin Templeton) 和灰階 (Grayscale) 擬議的以太 ETF 做出決定，進一步加劇了加密產業的不確定性。業界領袖曾表示樂觀地認為 SEC 於 2024 年 1 月批准比特幣現貨 ETF，表明願意監管加密貨幣，但該機構對 ETH ETF 的猶豫不決讓人們對這項評估產生了懷疑。

Top Industry Players React with Skepticism

頂級產業參與者持懷疑態度

Prominent industry experts have expressed pessimism over the prospects of ETH ETFs being approved anytime soon. Bloomberg's Senior Financial Analyst Eric Balchunas has criticized the SEC's lack of engagement and communication, stating, "The SEC hasn't engaged, no comments, no nothing. Radio silence = violence."

著名的行業專家對 ETH ETF 很快就獲得批准的前景表示悲觀。彭博社高級金融分析師 Eric Balchunas 批評美國證券交易委員會缺乏參與和溝通，他表示，「美國證券交易委員會沒有參與，沒有發表評論，什麼也沒有。無線電沉默= 暴力。

Tron's founder, Justin Sun, has also weighed in, predicting that the SEC will reject ETH ETFs in May 2024. Sun believes that the crypto industry needs to engage in long-term education with regulators to bridge the understanding gap and facilitate more informed decision-making.

Tron 的創辦人 Justin Sun 也發表了看法，預測 SEC 將在 2024 年 5 月拒絕 ETH ETF。

Ethereum Price Dips on News of Regulatory Headwinds

監管不利消息導致以太幣價格下跌

The negative sentiment surrounding ETH ETFs has weighed on the price of Ethereum, which dipped by 4.20% to $3,179 immediately following the news of the SEC's stalling tactics. Ethereum has lost 10.2% of its value over the past 30 days and currently trades 35% below its all-time high of $4,878.26 set in November 2021.

圍繞著 ETH ETF 的負面情緒打壓了以太坊的價格，在 SEC 採取拖延策略的消息傳出後，以太坊價格立即下跌 4.20% 至 3,179 美元。以太坊價值在過去 30 天下跌了 10.2%，目前的交易價格比 2021 年 11 月創下的歷史高點 4,878.26 美元低了 35%。

Contrast with Bitcoin Futures ETF Approval

與比特幣期貨 ETF 批准對比

The SEC's decision to approve Bitcoin futures ETFs in October 2023 has been cited by ETH ETF applicants as evidence of the agency's willingness to regulate cryptocurrencies. However, the SEC has not provided a clear explanation for the perceived discrepancy in its treatment of Bitcoin and Ethereum.

ETH ETF 申請人將 SEC 於 2023 年 10 月批准比特幣期貨 ETF 的決定視為該機構願意監管加密貨幣的證據。然而，美國證券交易委員會尚未就其對待比特幣和以太坊的差異提供明確的解釋。

Industry Calls for Regulatory Clarity

業界呼籲監管清晰

Despite the setbacks, industry leaders continue to emphasize the urgent need for clear regulatory guidance for cryptocurrencies. Applicants for Ethereum ETFs believe that these products could provide a safe and accessible way for investors to participate in the emerging crypto market while also supporting innovation and growth within the industry.

儘管遇到挫折，行業領導者仍然強調迫切需要為加密貨幣提供明確的監管指導。以太坊 ETF 的申請人認為，這些產品可以為投資者提供一種安全且便捷的方式參與新興的加密貨幣市場，同時也支持產業內的創新和成長。

Conclusion

結論

The SEC's ongoing scrutiny of Ethereum's status and its reluctance to approve ETH ETFs have cast a pall over the cryptocurrency industry. Industry leaders are calling for greater regulatory clarity and constructive dialogue with the SEC to address the uncertainties surrounding digital assets and facilitate their integration into traditional financial systems. The future of ETH ETFs remains uncertain, but the SEC's decisions in the coming weeks will have a significant impact on the trajectory of the cryptocurrency market.

美國證券交易委員會對以太坊地位的持續審查以及不願批准 ETH ETF 給加密貨幣行業蒙上了一層陰影。行業領導者呼籲提高監管透明度並與 SEC 進行建設性對話，以解決數位資產的不確定性並促進其融入傳統金融體系。 ETH ETF 的未來仍然不確定，但 SEC 未來幾週的決定將對加密貨幣市場的軌跡產生重大影響。