美國證券交易委員會推遲對貝萊德、灰階以太坊 ETF 申請做出決定

在近期貝萊德比特幣ETF 收購和灰階以太坊ETF 申請激增的情況下，美國證券交易委員會(SEC) 將貝萊德以太坊ETF 申請的審核期延長至6 月23 日，理由是對股票創造和贖回機制的擔憂。儘管貝萊德的比特幣 ETF 持續流入，但以太坊 ETF 的命運仍然不確定，這讓投資者和加密貨幣社群熱切等待 SEC 的決定。

BlackRock and Grayscale Ethereum ETF Applications: A Saga of Delays and Regulatory Scrutiny

貝萊德和灰階以太坊 ETF 申請：延遲和監管審查的傳奇

The highly anticipated era of Bitcoin ETFs dawned in January, with the launch of BlackRock's IShares Bitcoin Trust. Boasting a colossal stash of 273,892.57 BTC valued at $18.18 billion, the fund's debut ignited a surge of investor enthusiasm for Ethereum ETFs. However, in a familiar turn of events, the Securities and Exchange Commission (SEC) has cast a wet blanket over ETH ETFs, pushing their approval further into the horizon.

隨著貝萊德 IShares 比特幣信託基金的推出，備受期待的比特幣 ETF 時代於 1 月拉開序幕。該基金擁有 273,892.57 比特幣，價值 181.8 億美元，其首次亮相點燃了投資者對以太坊 ETF 的熱情。然而，在熟悉的事件中，美國證券交易委員會 (SEC) 為 ETH ETF 潑了一盆冷水，進一步推動了 ETH ETF 的批准。

Initially scheduled for an April 24th verdict, the SEC has now granted BlackRock and Grayscale until June 23rd to convince the agency to approve their S-1 application to convert their ETH Trust into a spot ETH exchange-traded product. This delay reflects the SEC's ongoing concerns regarding the share creation and redemption mechanisms proposed for the ETFs.

SEC 最初定於 4 月 24 日做出裁決，現在已允許貝萊德和 Grayscale 在 6 月 23 日之前說服該機構批准他們的 S-1 申請，將其 ETH Trust 轉換為現貨 ETH 交易所交易產品。這一延遲反映了 SEC 對 ETF 提議的股票增設和贖回機制的持續擔憂。

The SEC's reluctance to embrace Ethereum ETFs has cast a pall over the crypto landscape. Investors had pinned their hopes on the transformative potential of these products, believing they would unlock the next wave of institutional adoption. However, the SEC's lingering doubts have dampened market sentiment and left investors in a state of limbo.

美國證券交易委員會不願接受以太坊 ETF，這讓加密貨幣領域蒙上了一層陰影。投資人將希望寄託在這些產品的變革潛力上，相信它們將開啟下一波機構採用浪潮。然而，美國證券交易委員會揮之不去的疑慮打壓了市場情緒，讓投資者陷入了困境。

Despite the setbacks, there are glimmers of hope for those eager to see Ethereum ETFs come to fruition. BlackRock, a behemoth with $10.5 trillion in assets under management, has a history of successfully navigating the SEC's regulatory labyrinth. Moreover, the company's previous legal victory against the SEC over its Bitcoin ETF application provides a precedent for a favorable outcome come June.

儘管遇到了挫折，但對於那些渴望看到以太坊 ETF 取得成果的人來說，仍然存在一線希望。貝萊德是管理著 10.5 兆美元資產的龐然大物，有著成功穿越 SEC 監管迷宮的歷史。此外，該公司先前就其比特幣 ETF 申請在美國證券交易委員會 (SEC) 訴訟中取得的勝利為 6 月的有利結果提供了先例。

Amidst the uncertainty, one bright spot has emerged in the form of BlackRock's IShares Bitcoin Trust (IBIT). The fund has enjoyed an unprecedented 70-day streak of uninterrupted inflows, propelling it into the top 10 ETFs for daily inflow streaks. This remarkable performance serves as a testament to the growing institutional appetite for Bitcoin, even in the absence of Ethereum ETFs.

在不確定性中，貝萊德的 IShares 比特幣信託（IBIT）出現了一個亮點。該基金史無前例地連續70天不間斷資金流入，躋身每日資金流入前10名的ETF之列。這一出色的表現證明了機構對比特幣的興趣不斷增長，即使在沒有以太坊 ETF 的情況下也是如此。

In a bizarre twist, the crypto world was recently roiled by a fake news story alleging a partnership between BlackRock and HBAR. The fictitious report sent the HBAR token into a frenzy, doubling its value overnight before cooling off at daybreak. The incident underscores the volatility and susceptibility to manipulation that still permeates the crypto ecosystem.

奇怪的是，加密貨幣世界最近因一則聲稱貝萊德和 HBAR 之間存在合作夥伴關係的假新聞而陷入混亂。這份虛構的報導讓 HBAR 代幣陷入瘋狂，價值一夜之間翻了一番，然後在黎明時降溫。該事件凸顯了加密生態系統中仍然存在的波動性和易受操縱性。

As the SEC deliberations drag on, Ethereum's price continues to navigate choppy waters, largely tracking along its 20-day Simple Moving Average (SMA). If the price can sustain above this level at $3,270, it could provide a glimmer of hope for the future of ETH ETFs and the crypto market as a whole.

隨著 SEC 審議的拖延，以太坊的價格繼續在波濤洶湧的水域中航行，主要沿著 20 天簡單移動平均線 (SMA) 移動。如果價格能夠維持在 3,270 美元的水平之上，可能會為 ETH ETF 和整個加密市場的未來帶來一線希望。

The SEC's protracted review of Ethereum ETFs has cast a shadow of uncertainty over the future of the industry. However, the resilience of IBIT and the precedent set by BlackRock's previous legal victory suggest that the door to approval remains ajar. As investors and crypto enthusiasts alike await the outcome, they must grapple with the realization that crypto's journey toward mainstream acceptance is fraught with regulatory hurdles and unforeseen challenges.

美國證券交易委員會對以太坊 ETF 的長期審查給該行業的未來蒙上了不確定性的陰影。然而，IBIT 的韌性以及貝萊德先前法律勝利所開創的先例表明，批准的大門仍然敞開著。當投資者和加密貨幣愛好者等待結果時，他們必須認識到加密貨幣走向主流接受的旅程充滿了監管障礙和不可預見的挑戰。