結合比特幣和以太幣的混合 ETF 將於下個月推出

美國證券交易委員會（SEC）已批准創建首個結合比特幣和以太坊的混合交易所交易基金（ETF）。

The United States Securities and Exchange Commission (SEC) has finally approved the creation of the first hybrid exchange-traded funds (ETFs) that will combine Bitcoin and Ethereum.

美國證券交易委員會（SEC）最終批准創建首個將比特幣和以太坊結合起來的混合交易所交易基金（ETF）。

This approval comes after several months of extensions and reviews, marking a milestone in the integration of cryptocurrencies with traditional financial markets.

經過幾個月的延期和審查後獲得批准，標誌著加密貨幣與傳統金融市場整合的里程碑。

The SEC has approved two products that will allow investors to gain exposure to both cryptocurrencies in a single instrument: the Hashdex Nasdaq Crypto Index US ETF on Nasdaq and the Franklin Crypto Index ETF on the Cboe BZX Exchange.

美國證券交易委員會已批准兩種產品，允許投資者在單一工具中獲得兩種加密貨幣的投資：納斯達克的Hashdex 納斯達克加密貨幣指數美國ETF 和芝加哥期權交易所BZX 交易所的富蘭克林加密貨幣指數ETF。

Both funds will follow an approximate distribution of 80% Bitcoin and 20% Ethereum, based on the floating market capitalization of both cryptocurrencies.

根據這兩種加密貨幣的浮動市值，這兩個基金將大致分配 80% 的比特幣和 20% 的以太幣。

This approval is part of a trend toward greater product diversification within the market. The SEC highlighted the importance of the “surveillance-sharing” agreement between exchanges, a measure designed to enhance the detection of fraud and manipulation in connected markets.

此次批准是市場內產品更加多元化趨勢的一部分。美國證券交易委員會強調了交易所之間「監控共享」協議的重要性，該協議旨在加強對互聯市場中欺詐和操縱行為的檢測。

The launch of these products is scheduled for January, and it is expected to attract a wide base of investors seeking diversified exposure.

這些產品定於一月份推出，預計將吸引廣泛的尋求多元化投資的投資者。

Industry analysts believe that hybrid funds are a response to the demand for products that offer access to the two most significant assets in the crypto market. Nate Geraci, president of ETF Store, pointed out that these products will be well-received due to their ability to provide a much-desired alternative since crypto ETFs first appeared in the traditional market.

產業分析師認為，混合基金是對提供加密市場兩種最重要資產的產品需求的回應。 ETF Store總裁Nate Geraci指出，自從加密ETF首次出現在傳統市場以來，這些產品將受到廣泛歡迎，因為它們能夠提供人們渴望的替代方案。

Moreover, the approval of these new funds also demonstrates the SEC’s recognition that hybrid products can meet the regulatory requirements established for commodity-based funds.

此外，這些新基金的批准也表明美國證券交易委員會認識到混合產品可以滿足為商品基金制定的監管要求。

Interest in cryptocurrency ETFs is steadily rising. Funds like BlackRock’s IBIT, which dominates the market with $56 billion in assets under management, are revolutionizing the industry.

人們對加密貨幣 ETF 的興趣正在穩步上升。 BlackRock 的 IBIT 等基金以 560 億美元的資產管理市場，正在徹底改變這個產業。

Despite declines in investment flows observed in other products, the arrival of these hybrid funds is expected to further boost access to and acceptance of cryptocurrencies in traditional financial markets.

儘管其他產品的投資流量有所下降，但這些混合基金的到來預計將進一步促進傳統金融市場對加密貨幣的存取和接受。