美国 SEC 批准富兰克林邓普顿和 Hashdex 的比特币和以太坊 ETF

美国证券交易委员会 (SEC) 已批准富兰克林邓普顿联合现货比特币和以太坊交易所交易基金 (ETF)

The US Securities and Exchange Commission (SEC) has approved two combined spot-based Bitcoin and Ethereum exchange-traded Funds (ETF) from global asset manager Franklin Templeton and Hashdex.

美国证券交易委员会 (SEC) 批准了全球资产管理公司富兰克林邓普顿 (Franklin Templeton) 和 Hashdex 推出的两只基于现货的比特币和以太坊交易所交易基金 (ETF)。

The approval, as highlighted in the report, will see Franklin Templeton trade on the Cboe BZX Exchange, while Hashdex will trade on the Nasdaq stock market. Nasdaq filed an updated proposal for the Hashdex crypto index ETF in September, following its initial filing in May. Meanwhile, Franklin Templeton has been working towards this ETF since it filed its proposal in August.

正如报告中强调的那样，该批准将使富兰克林邓普顿在芝加哥期权交易所 BZX 交易所进行交易，而 Hashdex 将在纳斯达克股票市场进行交易。继 5 月份首次提交申请后，纳斯达克于 9 月份提交了 Hashdex 加密指数 ETF 的更新提案。与此同时，富兰克林邓普顿自 8 月份提交提案以来一直致力于该 ETF。

According to the filing, the proportions of Bitcoin (BTC) and Ethereum (ETH) held by each Trust will be determined based on free-float market capitalizations, allowing adjustments according to these cryptocurrencies’ liquidity and trading availability.

根据文件，每个信托持有的比特币（BTC）和以太坊（ETH）的比例将根据自由流通市值确定，允许根据这些加密货币的流动性和交易可用性进行调整。

Franklin Templeton’s crypto index ETF has received “accelerated approval” from the SEC, aligning it with previously approved spot exchange-traded products (ETPs) that show strong correlations with CME futures, indicating their market viability.

富兰克林邓普顿的加密指数 ETF 已获得 SEC 的“加速批准”，使其与之前批准的现货交易所交易产品 (ETP) 保持一致，这些产品与 CME 期货具有很强的相关性，表明其市场可行性。

The SEC also highlighted the significance of a surveillance-sharing agreement, which enables exchanges to share trading data and market information to combat fraud and manipulation. The Bitcoin-Ethereum ETF adheres to established standards for commodity-based investments and operates within a substantial regulated market.

美国证券交易委员会还强调了监督共享协议的重要性，该协议使交易所能够共享交易数据和市场信息，以打击欺诈和操纵行为。比特币-以太坊 ETF 遵守基于商品的投资的既定标准，并在一个严格的监管市场内运作。

This approval marks the SEC’s acceptance of diversified crypto ETFs, provided they meet regulatory standards and correlate well with traditional markets.

此次批准标志着 SEC 接受多元化加密 ETF，前提是它们符合监管标准并与传统市场良好相关。

Implications for the Crypto Market

对加密货币市场的影响

The funds are “likely” to go live in January, with Bitcoin making up about 80% and Ether 20% of the holdings, according to Bloomberg analyst Eric Balchunas.

彭博社分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 表示，这些基金“可能”在 1 月份上线，其中比特币约占 80%，以太币约占 20%。

Moreover, the approval validates the speculations made by Balchunas on Tuesday regarding a new wave of ETFs. He anticipated that Bitcoin and Ethereum ETFs would be approved first, followed by Litecoin (LTC) and HBAR ETFs.

此外，这一批准证实了巴尔丘纳斯周二对新一轮 ETF 的猜测。他预计比特币和以太坊 ETF 将首先获得批准，其次是莱特币 (LTC) 和 HBAR ETF。

Now that the first crypto index funds have been approved, experts expect that more issuers will follow suit. ETF Store President Nate Geraci anticipates that institutional investors will drive up demand for these products as they seek to diversify their portfolios.

既然第一批加密指数基金已经获得批准，专家预计会有更多发行人效仿。 ETF Store 总裁 Nate Geraci 预计，机构投资者在寻求投资组合多元化时将推高对这些产品的需求。

However, other digital assets, such as Solana and XRP, are facing closer regulatory scrutiny. Overall, the SEC’s approval of these ETFs demonstrates a cautious yet progressive approach to regulating cryptocurrencies.

然而，Solana 和 XRP 等其他数字资产正面临更严格的监管审查。总体而言，美国证券交易委员会对这些 ETF 的批准表明了对加密货币的监管采取谨慎而渐进的态度。

The approval comes amid high volatility in the cryptocurrency markets.

这一批准是在加密货币市场剧烈波动之际获得的。

Over $1 billion in cryptocurrency was liquidated in the last 24 hours, according to CoinGlass data. Additionally, Bitcoin and Ethereum’s prices have dropped sharply, trading at around $93,000 and $3,200, respectively.

根据 CoinGlass 的数据，过去 24 小时内清算了超过 10 亿美元的加密货币。此外，比特币和以太坊的价格大幅下跌，交易价格分别约为 93,000 美元和 3,200 美元。

However, experts believe the introduction of these ETFs could help stabilize the market and attract more institutional investors.

不过，专家认为，这些ETF的推出可能有助于稳定市场并吸引更多机构投资者。