富達註冊了具有質押功能的開創性現貨以太坊 ETF

管理資產達 4.5 兆美元的富達已向 SEC 提交了一份 S-1 表格，表明計劃推出包括質押在內的以太坊 ETF 現貨。繼一月份現貨比特幣 ETF 獲得批准後，行業專家預計以太坊將被納入 ETF，富達的文件概述了該基金的投資目標以及在 CBOE 的上市。

Fidelity Files for Spot Ethereum ETF with Staking Integration

富達為現貨以太坊 ETF 提交質押整合申請

Boston-based financial services behemoth Fidelity Investments, managing a colossal $4.5 trillion in assets, has formally submitted an S-1 registration statement with the United States Securities and Exchange Commission (SEC). This pivotal move signals Fidelity's ambitious plans to launch a spot Ethereum exchange-traded fund (ETF), a first-of-its-kind investment vehicle that ingeniously incorporates a crucial feature: staking.

總部位於波士頓的金融服務巨頭富達投資管理著 4.5 兆美元的巨額資產，已向美國證券交易委員會 (SEC) 正式提交 S-1 註冊聲明。這項關鍵舉措標誌著富達雄心勃勃的計劃，即推出以太坊現貨交易所交易基金（ETF），這是一種首創的投資工具，巧妙地融入了一個關鍵功能：質押。

Fidelity's audacious foray into the realm of Ethereum ETFs comes on the heels of the SEC's groundbreaking approval of the first spot Bitcoin ETF in the United States earlier this year. Fidelity played a pivotal role in this historic development, emerging as one of the pioneering issuers of this groundbreaking financial product.

今年早些時候，美國證券交易委員會突破性地批准了美國首個現貨比特幣 ETF，隨後富達大膽進軍以太坊 ETF 領域。富達在這一歷史性發展中發揮了關鍵作用，成為這項突破性金融產品的先驅發行人之一。

With the green light for spot Bitcoin ETFs paving the way in January, astute industry observers have eagerly anticipated the next cryptocurrency destined to be enshrined within an ETF. Ethereum, with its unparalleled dominance in the decentralized finance (DeFi) arena, has consistently emerged as a front-runner in this highly competitive race.

隨著一月份現貨比特幣 ETF 的開綠燈鋪平道路，精明的行業觀察家熱切地期待著下一個注定會被納入 ETF 的加密貨幣。以太坊在去中心化金融（DeFi）領域擁有無與倫比的主導地位，在這場競爭激烈的競賽中始終處於領先地位。

The Fidelity Ethereum Fund, as outlined in the SEC filing, intends to issue shares for seamless trading on the Chicago Board Options Exchange (CBOE). However, what truly sets this ETF apart from its predecessors is the groundbreaking inclusion of staking. This innovative feature offers investors an unprecedented opportunity to reap rewards for holding their Ethereum tokens.

正如美國證券交易委員會 (SEC) 文件中所述，富達以太坊基金打算發行股票，以便在芝加哥期權交易所 (CBOE) 進行無縫交易。然而，真正使該 ETF 與之前的 ETF 不同的是它突破性地包含了質押。這項創新功能為投資者提供了前所未有的機會，讓他們可以透過持有以太坊代幣來獲得回報。

In the company's own words, as stated in the filing, "The Fidelity Ethereum Fund (the 'Trust') is an exchange-traded product that issues shares of beneficial interest seeking to list and trade on the Cboe BZX Exchange, Inc. The Trust's investment objective is to track the performance of ether, measured by the Fidelity Ethereum Reference Rate, adjusted for the Trust's expenses and other liabilities."

正如文件中所述，用該公司自己的話來說，「富達以太坊基金（'信託'）是一種交易所交易產品，發行實益權益股票，尋求在Cboe BZX Exchange, Inc. 上市和交易。該信託的投資目標是追蹤以太坊的表現，以富達以太坊參考利率衡量，並根據信託的費用和其他負債進行調整。”

Remarkably, this isn't Fidelity's maiden voyage into the realm of Ethereum ETFs. In November 2023, the company joined forces with other financial heavyweights such as BlackRock, VanEck, and ARK Invest to submit a joint filing for an Ethereum ETF.

值得注意的是，這並不是富達進入以太坊 ETF 領域的首次航行。 2023 年 11 月，該公司與 BlackRock、VanEck 和 ARK Invest 等其他金融巨頭聯手提交了以太坊 ETF 的聯合申請。

However, the path to regulatory approval is fraught with potential obstacles. The SEC has recently embarked on a legal campaign that seeks to question Ethereum's regulatory status, casting a shadow of uncertainty over the fate of Ethereum ETFs.

然而，獲得監管批准的道路充滿了潛在的障礙。美國證券交易委員會 (SEC) 最近發起了一場法律行動，旨在質疑以太坊的監管地位，為以太坊 ETF 的命運蒙上了不確定性的陰影。

Despite these regulatory hurdles, industry optimists, such as Craig Salm, Chief Legal Officer of Grayscale Investments, remain undeterred in their belief that Ethereum ETFs will ultimately prevail.

儘管存在這些監管障礙，但灰階投資公司首席法務官 Craig Salm 等行業樂觀主義者仍然堅信以太坊 ETF 最終會佔上風。

Salm draws astute parallels with the arduous journey of spot Bitcoin ETFs, suggesting that the groundwork laid during those protracted negotiations could potentially expedite the approval process for Ethereum ETFs.

Salm 敏銳地與現貨比特幣 ETF 的艱難歷程進行了類比，表明在這些曠日持久的談判中奠定的基礎可能會加快以太坊 ETF 的審批流程。

In Salm's own words, "All of these issues were resolved and are identical when comparing spot Bitcoin to Ethereum ETFs. The only distinction is that instead of holding bitcoin, the ETF holds ether. So, in many respects, the SEC has already engaged, and issuers simply have fewer obstacles to navigate this time."

用Salm 自己的話來說，「所有這些問題都得到了解決，並且在將現貨比特幣與以太坊ETF 進行比較時是相同的。唯一的區別是ETF 持有以太幣，而不是比特幣。因此，在許多方面，美國證券交易委員會已經參與其中，這次發行人面臨的障礙更少了。”

The potential advent of a spot Ethereum ETF, particularly one that incorporates staking, marks a transformative milestone in the maturation of cryptocurrency investment products. This innovative financial instrument has the potential to unlock new avenues for investors to participate in the burgeoning Ethereum ecosystem and reap the rewards of staking, a practice that allows holders to earn passive income while contributing to the security and validation of the network.

以太坊現貨 ETF（尤其是包含質押功能的 ETF）的潛在出現，標誌著加密貨幣投資產品成熟過程中的一個變革性里程碑。這種創新的金融工具有可能為投資者開啟新的途徑，讓他們參與蓬勃發展的以太坊生態系統並獲得質押回報，這種做法允許持有者賺取被動收入，同時為網路的安全性和驗證做出貢獻。