美國證券交易委員會（SEC）已將時間表延長了，他們將決定加密貨幣的幾個現貨交易所資金（ETF）

美國證券交易委員會（SEC）已將時間表延長了，他們將決定加密貨幣的幾個現貨交易所資金（ETF）

The U.S. Securities and Exchange Commission (SEC) has extended the timeline for when they will decide on several spot exchange-traded funds (ETFs) for cryptocurrencies, including XRP, Solana, Dogecoin, Cardano and Litecoin.

美國證券交易委員會（SEC）已將時間表延長，以確定包括XRP，Solana，Dogecoin，Dogecoin，Cardano和Litecoin在內的幾個現貨交易所貿易資金（ETF）。

It’s common for the SEC to delay initial decisions on ETF applications.

SEC延遲對ETF應用程序的初始決定很常見。

Affected asset managers include Grayscale Investments, VanEck, CoinShares, 21Shares, and Canary Capital, according to a wave of filings posted on the SEC’s website on Tuesday.

受影響的資產經理包括灰度投資，Vaneck，Coinshares，21shares和Canary Capital，根據SEC網站上週二發布的一波文件。

In addition to altcoin ETF applications, the securities regulator deferred on a filing from Nasdaq Stock Market to offer in-kind creations and redemptions for BlackRock’s iShares Bitcoin Trust (IBIT).

除AltCoin ETF應用程序外，證券監管機構還推遲了納斯達克股票市場提交的文件，以提供實物創作和贖回貝萊德的Ishares Bitcoin Trust（IBIT）。

Loads of ETFs

ETF的負載

The SEC also delayed decisions on in-kind creations and redemptions for the Fidelity Wise Origin Bitcoin ETF, Fidelity Ether, as well as 21Shares’s proposal to incorporate staking in its Ether ETF.

SEC還推遲了對忠誠度的實物創造和贖回的決定，而明智的比特幣ETF，保真度以太以及21shares提出的提議將其納入其Ether ETF。

Although the postponement may disappoint investors, it is not entirely unexpected. The SEC’s review process for new financial products like, especially ETFs tied to new asset classes like cryptocurrencies, is often complex and involves multiple stages.

儘管推遲可能會使投資者失望，但並非完全出乎意料。 SEC對新金融產品的審查過程，尤其是與加密貨幣（例如加密貨幣）相關的ETF，通常很複雜，並且涉及多個階段。

It’s common for the regulator to delay initial decisions to gather more information, address concerns, or seek public comment. The SEC has a history of delaying decisions on cryptocurrency-related investment products, like spot Bitcoin and Ethereum ETFs.

監管機構通常會推遲初始決定以收集更多信息，解決問題或尋求公眾評論。 SEC有延遲有關加密貨幣相關投資產品的決策的歷史，例如現貨比特幣和以太坊ETF。

According to Bloomberg Intelligence analysts James Seyffart, the latest delays are “standard procedure” and they will not considerably change his overall odds of approval for the ETFs. He noted that the final deadlines for decisions are until October.

根據彭博情報分析師詹姆斯·塞法特（James Seyffart）的說法，最新的延遲是“標準程序”，他們不會大大改變他對ETF的總體認可機率。他指出，決策的最後截止日期是到十月。

Eth staking and in-kind also delayed. Everything delayed. It's like the NYC-bound Amtrak on monday morning: "Mechanical issues in DC"

ETH的積分和實物也推遲了。一切都延遲了。就像星期一早上的紐約市 - 綁定的Amtrak一樣：“ DC中的機械問題”

— Eric Balchunas (@EricBalchunas) March 11, 2025

- 埃里克·巴爾庫納斯（@ericbalchunas）2025年3月11日

Paul Atkins, President’s Trump pick as the new SEC Chair, has yet to be confirmed by the Senate. The final decision of these ETFs will likely come after Atkins’s confirmation, though there is no set date for his Senate confirmation hearing.

總統特朗普作為新的SEC主席保羅·阿特金斯（Paul Atkins）尚未得到參議院的確認。這些ETF的最終決定可能會在阿特金斯的確認後提出，儘管他的參議院確認聽證會沒有設定的日期。

Eric Balchunas, Seyffart’s fellow Bloomberg ETF expert, commented that past delays in Bitcoin and Ether ETFs didn’t prevent their eventual approval. He added that delays were to be expected due to government processes.

Seyffart的彭博ETF專家埃里克·巴爾庫納斯（Eric Balchunas）評論說，比特幣和以太ETF的延誤並沒有阻止他們最終的認可。他補充說，由於政府的程序，應預期延誤。

Also on Tuesday, Franklin Templeton submitted an S-1 filing to the SEC for the Franklin XRP ETF. The official statement came after the company registered an XRP trust entity in Delaware on February 28 this year.

同樣在星期二，富蘭克林·鄧普頓（Franklin Templeton）向SEC提交了S-1文件，供富蘭克林XRP ETF提交。該公司於今年2月28日在特拉華州登記了XRP Trust實體後發表的官方聲明。

Asset managers have filed the most applications for XRP and Solana ETFs. However, major Bitcoin ETF players like BlackRock, VanEck, Invesco, and Valkyrie have not entered the XRP ETF market. Excluding VanEck, these firms have also stayed out of the Solana ETF race.

資產管理人員對XRP和Solana ETF提出了最多的申請。但是，像貝萊德，Vaneck，Invesco和Valkyrie這樣的主要比特幣ETF玩家尚未進入XRP ETF市場。除了Vaneck之外，這些公司還遠離了Solana ETF競賽。

BlackRock evaluates potential ETFs based on client demand and a clear investment thesis. However, compared to Bitcoin and Ether, the firm’s Head of Digital Assets Robert Mitchnick sees low demand for other cryptocurrencies.

貝萊德根據客戶需求和明確的投資論文評估潛在的ETF。但是，與比特幣和乙醚相比，該公司的數字資產負責人羅伯特·米奇尼克（Robert Mitchnick）認為對其他加密貨幣的需求較低。

“I would say that our client base today, their interest overwhelmingly is in Bitcoin first, and then somewhat in ETH… and there’s very little interest today beyond those two,” Mitchnick said at the Bitcoin 2024 event in Nashville.

米奇尼克在納什維爾舉行的《比特幣2024年》中說：“我要說的是，今天我們的客戶群是在比特幣中的絕大多數，然後在ETH中有些興趣……今天以外這兩個人的興趣不大。”

High Odds

高賠率

Bloomberg ETF analysts believe it’s the matter of time for the crypto ETFs to get greenlight from the SEC. Currently, Litecoin (LTC) is viewed as a strong contender, with approval odds estimated around 90%.

彭博ETF分析師認為，加密ETF從SEC獲得綠燈是時間問題。目前，萊特幣（LTC）被視為強大的競爭者，批准賠率約為90％。

The high probability is largely due to Litecoin’s similarities to Bitcoin and Ethereum, coupled with its established presence in the cryptocurrency market. Most importantly, the CFTC previously called it a commodity.

很高的可能性在很大程度上是由於萊特幣與比特幣和以太坊的相似性，再加上其在加密貨幣市場中的既定存在。最重要的是，CFTC先前稱其為商品。

Dogecoin (DOGE), despite its origins as a memecoin, also gets relatively favorable odds, estimated at 75%. This is due to its major market presence and the strong community support it enjoys.

Dogecoin（Doge）儘管起源於Memecoin，但估計為75％。這是由於其主要的市場存在及其享有的強大社區支持。

Apparently, a clear regulatory status is now a key advantage, one that XRP and Solana have not yet secured. These crypto assets are classified as “securities” in the SEC’s ongoing litigation against Binance and Ripple Labs.

顯然，明確的監管狀況現在是一個關鍵優勢，XRP和Solana尚未確保這一優勢。這些加密資產被歸類為SEC針對Binance和Ripple Labs的持續訴訟中的“證券”。

Solana’s (SOL) approval odds range between 70% and 85%. The positive outlook is supported by Solana’s robust ecosystem and growing institutional interest, with prediction markets demonstrating strong confidence in its ETF approval prospects.

Solana的（SOL）批准賠率在70％至85％之間。索拉納（Solana）強大的生態系統和日益增長的機構興趣支持積極的前景，預測市場表現出對ETF批准前景的強烈信心。

XRP’s approval odds are somewhat more nuanced, falling within the 65% to 80% range. Despite these legal complexities, there is optimism regarding its potential approval, driven by increasing institutional interest and anticipated settlement between the two entities.

XRP的批准賠率有些細微差別，落在65％至80％的範圍內。儘管有這些法律上的複雜性，但對其潛在批准仍然是樂觀的，這是由於機構利益的增加和兩個實體之間的預期和解所驅動的。