Grayscale 法律負責人關注現貨以太坊 ETF 批准的積極結果

在 SEC 對以太坊 (ETH) 監管保持沉默的情況下，Grayscale 的首席法務官 Craig Salm 對現貨以太坊 ETF 的批准仍持樂觀態度。 Salm 與現貨比特幣ETF 的審批流程相似，他認為SEC 在該案中與申請人的接觸為圍繞ETH ETF 的類似討論鋪平了道路，儘管監管阻力持續存在，例如以太坊基金會的傳票以及有關ETH 的未決論點。監管狀況。

Grayscale Legal Counsel Expresses Optimism for Spot Ethereum ETF Approval Amidst Regulatory Uncertainties

Grayscale 法律顧問對現貨以太坊 ETF 在監管不確定性的情況下獲得批准表示樂觀

In a recent development, Craig Salm, Chief Legal Officer of Grayscale, a prominent cryptocurrency investment firm, has expressed confidence in the eventual approval of a spot Ethereum exchange-traded fund (ETF) despite the relative silence of the United States Securities and Exchange Commission (SEC) on the matter.

在最近的進展中，儘管美國證券交易委員會相對沉默，但著名加密貨幣投資公司 Grayscale 的首席法務官 Craig Salm 對最終批准現貨以太坊交易所交易基金 (ETF) 表示有信心（美國證券交易委員會）就此事。

Salm's optimism stems from the similarities between the regulatory path of spot Ethereum ETFs and the successful approval process of spot Bitcoin ETFs in January 2024. He notes that both types of ETFs involve underlying functions such as creation or redemption procedures and custodial arrangements, which were the subject of constructive engagement between the SEC and applicants for spot Bitcoin ETFs, including Grayscale, Fidelity, and Ark.

Salm 的樂觀源於現貨以太坊ETF 的監管路徑與2024 年1 月現貨比特幣ETF 的成功審批流程之間的相似性。他指出，這兩種類型的ETF 都涉及創建或贖回程序以及託管安排等基礎功能，而這些功能是這是 SEC 與現貨比特幣 ETF 申請人（包括 Grayscale、Fidelity 和 Ark）之間建設性接觸的主題。

Furthermore, Salm contends that the framework for approval of spot Ethereum ETFs has already been established through the approval of spot Bitcoin ETFs. This suggests that the SEC may be inclined to approve a similar product for Ethereum, despite its current silence on the specific topic.

此外，Salm 認為，透過批准現貨比特幣 ETF，已經建立了現貨以太坊 ETF 的批准框架。這表明美國證券交易委員會可能傾向於批准以太坊的類似產品，儘管目前對該特定主題保持沉默。

However, Salm acknowledges potential obstacles, such as the recent news that an unnamed state authority has subpoenaed the Ethereum Foundation, a non-profit organization that promotes the adoption of Ethereum solutions. This action has raised concerns about the regulatory status of Ethereum and its potential impact on the approval process for spot Ethereum ETFs.

然而，薩爾姆承認存在潛在的障礙，例如最近有消息稱，一個未透露姓名的國家當局已傳喚以太坊基金會，這是一個促進以太坊解決方案的非營利組織。這項行動引發了人們對以太坊監管狀況及其對以太坊現貨 ETF 審批流程潛在影響的擔憂。

The ongoing debate surrounding Ethereum's classification as a security or a commodity further complicates the regulatory landscape. While the SEC has previously classified Bitcoin as a commodity, it has not yet clarified its position on Ethereum. This uncertainty could potentially impede the approval of a spot Ethereum ETF until a definitive determination is made.

圍繞以太坊歸類為證券還是商品的持續爭論使監管環境更加複雜。雖然美國證券交易委員會先前已將比特幣歸類為商品，但尚未澄清其對以太坊的立場。在做出明確決定之前，這種不確定性可能會阻礙現貨以太坊 ETF 的批准。

Despite these challenges, Salm remains optimistic about the prospects for spot Ethereum ETFs. He draws parallels to the history of spot Bitcoin ETFs, which faced similar uncertainties before eventual approval. He believes that the parallels between the two types of ETFs suggest that a spot Ethereum ETF is likely to be approved, even if the SEC does not provide explicit guidance in the near term.

儘管面臨這些挑戰，Salm 對現貨以太坊 ETF 的前景仍然持樂觀態度。他與現貨比特幣 ETF 的歷史進行了比較，後者在最終獲得批准之前也面臨類似的不確定性。他認為，兩種類型 ETF 之間的相似之處表明，即使 SEC 短期內沒有提供明確的指導，現貨以太坊 ETF 也有可能獲得批准。

The SEC's silence on the topic of spot Ethereum ETFs has understandably raised concerns among stakeholders. However, Grayscale's legal counsel's optimistic assessment suggests that the path to approval is not insurmountable and that a spot Ethereum ETF may become a reality in the not-too-distant future.

美國證券交易委員會對以太坊 ETF 現貨話題保持沉默，這引起了利益相關者的擔憂，這是可以理解的。然而，Grayscale 法律顧問的樂觀評估表明，獲得批准的道路並非不可逾越，現貨以太坊 ETF 可能在不久的將來成為現實。