比特币和以太坊ETF用SEC的“加速批准”清除了首次监管障碍

Bitwise资产管理的交易所交易产品跟踪比特币和以太坊已获得美国证券交易委员会的初步点头。

The United States Securities and Exchange Commission has given an initial approval to an exchange-traded product from Bitwise Asset Management that will track Bitcoin and Ethereum.

美国证券交易委员会已向位于比特币和以太坊的Bitwise Asset Management的交易所交易产品提供了初步批准。

According to an update from the commission on Jan. 30, the Bitwise Bitcoin and Ethereum ETF received “accelerated approval” for its 19b-4 filing. The product now awaits the regulator’s decision on its S-1 registration, which will be the final step before commencing trading.

根据1月30日委员会的最新消息，比特币和以太坊ETF获得了19b-4备案的“加速批准”。该产品现在正在等待监管机构对其S-1注册的决定，这将是开始交易之前的最后一步。

A 19b-4 approval allows an exchange to list and trade a new financial product, while an S-1 registration is required for issuing new securities to the public.

19b-4批准允许交易所列出和交易新的金融产品，而向公众发行新证券需要S-1注册。

The Bitwise ETF was filed in November to offer investors exposure to both Bitcoin and Ethereum within a single product. The fund is structured to track the spot prices of BTC and ETH, with asset weightings based on their relative market capitalizations.

Bitwise ETF于11月提交，以向投资者提供单一产品中对比特币和以太坊的接触。该基金的结构是通过基于其相对市值的资产权重跟踪BTC和ETH的现货价格。

At the time of its last filing, the allocation was around 83% Bitcoin and 17% Ethereum. To calculate these weightings, the ETF will multiply each asset's circulating supply with a pricing benchmark.

在上次申请时，分配约为83％比特币和17％的以太坊。为了计算这些权重，ETF将用定价基准将每个资产的循环供应倍增。

This marks the first approval for a crypto ETP under the current SEC administration led by acting chair Mark Udeya, but it is the third joint Bitcoin and Ethereum ETF to receive a green light from the regulator.

这标志着由代理椅子Mark Udeya领导的当前SEC管理下的加密ETP的首次批准，但它是第三个联合比特币和以太坊ETF，从监管机构获得绿光。

Given that the fund's structure is very similar to previously approved products, such as the spot Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, the filing was approved within the first deadline.

鉴于该基金的结构与先前批准的产品非常相似，例如Hashdex和Franklin Templeton的现货比特币和以太坊ETF，该文件在第一个截止日期内得到了批准。

“The structure of the Trust, the terms of its operation and the trading of its Shares, and the representations in the Exchange’s amended filing are substantially similar to those of the spot bitcoin and spot ether ETP proposals approved in prior Commission orders,” the SEC noted.

“信托的结构，其运营条款以及其股份的交易以及交易所修订的申请中的陈述与现有委员会订单中批准的现货比特币和现货比特币和现货ETER ETP提案基本相似。著名的。

Meanwhile, Bitwise is still awaiting approval for two other products, including a Dogecoin ETF for which it filed an S-1 on Jan. 29, and the Bitcoin Standard Corporations ETF that will invest in equity securities of publicly traded firms holding over 1,000 BTC in their corporate treasuries.

同时，Bitwise仍在等待其他两种产品的批准，包括1月29日提交S-1的Dogecoin ETF和将投资于公开交易的公司的股票证券的比特币标准公司ETF他们的公司国库。

Several issuers are optimistic that the new SEC under President Donald Trump will be more open to a broader range of crypto investment products. As such, firms have begun exploring ETFs beyond Bitcoin and Ethereum.

几位发行人对唐纳德·特朗普（Donald Trump）总统领导下的新SEC的乐观态度更加乐观，将更加开放更广泛的加密投资产品。因此，公司已开始探索超越比特币和以太坊的ETF。

For example, Tuttle Capital has filed for ten leveraged ETF products that will track a variety of altcoins, including XRP (XRP), Solana (SOL), Official Trump (TRUMP), Melania Meme (MELANIA) and more. Other issuers like Grayscale and Canary have also filed for altcoin-based ETFs.

例如，塔特尔资本（Tuttle Capital）已申请了十种杠杆ETF产品，这些产品将追踪各种山寨币，包括XRP（XRP），Solana（Sol）（Sol），官方特朗普（Trump），Melania Meme（Melania）等。其他发行人（例如灰刻）和金丝雀也为基于Altcoin的ETF申请。