摩根大通預測現貨以太坊 ETF 在法律審查後將獲得批准

摩根大通預計 SEC 將批准現貨以太坊 ETF，此舉取決於訴訟程序。該銀行預計 5 月獲得批准的可能性為 50%，並預測如果以太坊 ETF 申請被拒絕，可能會面臨法律挑戰。

JPMorgan Predicts SEC Approval of Spot Ethereum ETFs Post-Litigation

摩根大通預測美國證券交易委員會將在訴訟後批准現貨以太坊 ETF

Global investment banking giant JPMorgan has projected that the U.S. Securities and Exchange Commission (SEC) will ultimately grant approval to spot ether exchange-traded funds (ETFs). This anticipation stems from the premise that the SEC has previously indicated a willingness to authorize ETFs tracking the performance of cryptocurrencies with significant market capitalization and liquidity.

全球投資銀行巨頭摩根大通預計，美國證券交易委員會（SEC）最終將批准現貨以太幣交易所交易基金（ETF）。這項預期源於這樣一個前提：美國證券交易委員會先前已表示願意授權 ETF 追蹤具有巨大市值和流動性的加密貨幣的表現。

However, JPMorgan acknowledges the possibility of a temporary setback, estimating a 50% likelihood of approval in May 2023. In the event of a rejection at that juncture, a protracted litigation process could ensue. The firm's analysis suggests that the SEC's concerns center around the lack of regulation for spot ether markets and the potential for market manipulation.

然而，摩根大通承認可能會出現暫時的挫折，估計 2023 年 5 月獲得批准的可能性為 50%。該公司的分析表明，美國證券交易委員會的擔憂集中在現貨以太市場缺乏監管以及市場操縱的可能性。

The approval of spot ether ETFs would have a transformative impact on the cryptocurrency landscape. Currently, investors can only access ether via futures-based ETFs, which track the price of ether futures contracts rather than the underlying asset itself. Spot ETFs, on the other hand, would provide direct exposure to the spot price of ether, offering investors greater flexibility and potential returns.

以太幣現貨 ETF 的批准將對加密貨幣格局產生變革性影響。目前，投資者只能透過基於期貨的 ETF 獲取以太幣，該 ETF 追蹤以太坊期貨合約的價格，而不是基礎資產本身。另一方面，現貨 ETF 將提供以太坊現貨價格的直接曝險，為投資者提供更大的靈活性和潛在回報。

JPMorgan's prediction is based on the SEC's recent actions regarding spot bitcoin ETFs. In October 2021, the SEC approved the ProShares Bitcoin Strategy ETF, the first U.S. ETF to offer exposure to bitcoin futures. This move signaled a shift in the SEC's stance towards cryptocurrencies and opened the door for similar products tracking other crypto assets.

摩根大通的預測是基於美國證券交易委員會最近對現貨比特幣 ETF 採取的行動。 2021 年 10 月，美國證券交易委員會批准了 ProShares 比特幣策略 ETF，這是美國第一個提供比特幣期貨部位的 ETF。此舉標誌著美國證券交易委員會對加密貨幣立場的轉變，並為追蹤其他加密資產的類似產品打開了大門。

The SEC's decision on spot ether ETFs will be closely watched by investors, cryptocurrency exchanges, and industry observers. Approval would be a major milestone in the maturation of the cryptocurrency market and could pave the way for a broader acceptance of digital assets as legitimate investment instruments.

美國證券交易委員會關於以太坊 ETF 現貨的決定將受到投資者、加密貨幣交易所和行業觀察人士的密切關注。批准將是加密貨幣市場成熟的一個重要里程碑，並可能為更廣泛地接受數位資產作為合法投資工具鋪平道路。