Grayscale 的以太坊期貨 ETF 再次延後：原因是什麼？

美國證券交易委員會(SEC) 再次推遲對Grayscale 的以太坊期貨ETF 做出決定，將截止日期推遲至2024 年5 月30 日。分析師對此並不感到意外，彭博社的ETF 專家James Seyffart 將其視為Grayscale 策略計畫的一部分最終其現貨 ETH ETF 獲得批准。

Grayscale's Ethereum Futures ETF: What's the Latest?

Grayscale 的以太幣期貨 ETF：最新消息是什麼？

The SEC has pushed back the deadline for its decision on Grayscale's Ethereum Futures ETF, once again. What's the hold-up?

美國證券交易委員會 (SEC) 再次推遲了對 Grayscale 以太坊期貨 ETF 做出決定的最後期限。有什麼耽擱呢？

SEC Extends Deadline for Decision

SEC 延長決策期限

The SEC has extended the deadline to May 30, 2024, to decide on Grayscale's ETF. This gives the agency more time to "consider the proposed rule change and the issues raised therein."

美國證券交易委員會 (SEC) 將決定 Grayscale ETF 的截止日期延長至 2024 年 5 月 30 日。這使該機構有更多時間「考慮擬議的規則變更以及其中提出的問題」。

Analysts Not Surprised

分析師並不感到驚訝

Bloomberg ETF analyst James Seyffart isn't shocked by the delay. He believes it's part of a larger strategy by Grayscale to eventually get approval for its spot ETH ETF.

彭博 ETF 分析師 James Seyffart 對此延遲並不感到震驚。他認為，這是 Grayscale 更大策略的一部分，該策略最終將使其現貨 ETH ETF 獲得批准。

Spot ETH ETF Approval Unlikely

現貨 ETH ETF 不太可能獲得批准

Galaxy Digital's Alex Thorn doesn't think approval of spot ETH ETFs is likely right now. He cites the SEC's subpoenas to crypto companies and lack of communication with ETF issuers as reasons for his pessimism.

Galaxy Digital 的 Alex Thorn 認為現貨 ETH ETF 目前不太可能獲得批准。他將 SEC 向加密貨幣公司發出的傳票以及與 ETF 發行人缺乏溝通作為其悲觀的原因。

SEC's Investigation of Ethereum ICO

SEC 對以太坊 ICO 的調查

The SEC is reportedly investigating whether the Ethereum ICO was an unregistered securities offering. This could have implications for the approval of ETH ETFs, according to Thorn.

據報道，美國證券交易委員會正在調查以太坊 ICO 是否為未經註冊的證券發行。索恩表示，這可能會對 ETH ETF 的批准產生影響。

SEC's Communication Deficit

SEC 的溝通缺陷

Thorn also notes that the SEC is not actively communicating with ETF applicants. This, combined with the investigation into the Ethereum ICO, makes May approval seem unlikely.

Thorn 也指出，SEC 並未積極與 ETF 申請人溝通。再加上對以太坊 ICO 的調查，使得 5 月獲得批准的可能性似乎不大。

What's Next?

下一步是什麼？

The SEC's investigation and lack of communication raise questions about the future of spot ETH ETFs. Grayscale's revised 19b-4 form may force the regulator's hand, but the odds of approval remain slim.

SEC 的調查和缺乏溝通引發了人們對現貨 ETH ETF 未來的疑問。 Grayscale 修訂後的 19b-4 表格可能會迫使監管機構採取行動，但批准的可能性仍然很小。

Implications for Grayscale

對灰階的影響

The delays and uncertainty surrounding the Ethereum Futures ETF could have significant implications for Grayscale. The company is facing competition from other ETF issuers and its investors are eager for approval of a spot ETH product.

以太坊期貨 ETF 的延遲和不確定性可能會對灰階產生重大影響。該公司正面臨其他 ETF 發行人的競爭，其投資者渴望獲得現貨 ETH 產品的批准。

Industry Impact

產業影響

The SEC's actions have broader implications for the crypto industry. The investigation into the Ethereum ICO could set a precedent for how the agency regulates other cryptocurrencies.

SEC 的行動對加密產業有更廣泛的影響。對以太坊 ICO 的調查可能會為該機構監管其他加密貨幣樹立先例。

Conclusion

結論

The SEC's extended deadline for Grayscale's Ethereum Futures ETF adds to the uncertainty surrounding spot ETH ETFs. The agency's investigation into the Ethereum ICO and lack of communication with ETF issuers suggest that approval is unlikely in May. Grayscale and the crypto industry will continue to watch developments closely.

美國證券交易委員會延長了 Grayscale 以太坊期貨 ETF 的截止日期，這增加了現貨 ETH ETF 的不確定性。該機構對以太坊 ICO 的調查以及與 ETF 發行人缺乏溝通表明，5 月不太可能獲得批准。灰階和加密產業將繼續密切關注事態發展。