由于监管担忧和客户偏好，贝莱德的以太坊 ETF 申请陷入停滞

尽管成功推出了比特币 ETF，但贝莱德在以太坊 ETF 申请方面仍犹豫不决，因为与比特币相比，客户对以太坊的需求较低。这种焦点的转变与美国证券交易委员会对以太坊及其潜在的证券分类的加强审查相一致，引发了监管方面的担忧。然而，行业对以太坊的支持仍然强劲，贝莱德通过 BUIDL 稳定币等举措持续探索数字资产，凸显了其对该行业的承诺。

BlackRock Reassesses Ethereum ETF Amid Regulatory Headwinds and Client Demand

贝莱德在监管逆风和客户需求中重新评估以太坊 ETF

BlackRock, the behemoth asset management firm that commands a staggering $10 trillion in assets under management, is contemplating a strategic shift in its digital asset strategy. The world's largest ETF provider is mulling over whether to withdraw its application for an Ethereum ETF, following a lukewarm reception to its recently launched Bitcoin ETF.

资产管理巨头贝莱德 (BlackRock) 管理的资产规模达到惊人的 10 万亿美元，该公司正在考虑对其数字资产战略进行战略转变。全球最大的 ETF 提供商正在考虑是否撤回其以太坊 ETF 申请，此前该公司最近推出的比特币 ETF 反响平平。

Robert Mitchnick, BlackRock's Head of Digital Assets, has candidly acknowledged during the Bitcoin Investor Day conference in New York that client demand for Bitcoin far outweighs that for Ethereum and other cryptocurrencies. This revelation has prompted speculation that BlackRock may prioritize Bitcoin investments and potentially abandon its Ethereum ETF pursuit.

贝莱德数字资产主管罗伯特·米奇尼克在纽约举行的比特币投资者日会议上坦诚承认，客户对比特币的需求远远超过对以太坊和其他加密货币的需求。这一消息引发了人们的猜测，即贝莱德可能会优先考虑比特币投资，并可能放弃对以太坊 ETF 的投资。

The firm's indecision coincides with the United States Securities and Exchange Commission's (SEC) postponement of its review of BlackRock's Ethereum ETF application to May 2024. The regulatory landscape surrounding Ethereum has become increasingly uncertain, with ongoing discussions about the possibility of it being classified as a security, akin to the SEC's designation of XRP.

该公司犹豫不决之际，美国证券交易委员会 (SEC) 将贝莱德以太坊 ETF 申请的审核推迟至 2024 年 5 月。围绕以太坊的监管环境变得越来越不确定，有关以太坊被归类为“以太坊”的可能性的讨论仍在继续。安全性，类似于 SEC 对 XRP 的指定。

This potential reclassification could throw a wrench in the approval process for an Ethereum ETF, further complicating BlackRock's plans. Alex Thorn, Head of Firmwide Research at Galaxy Digital, believes that the SEC's inquiries into crypto firms' dealings with the Ethereum Foundation are indicative of heightened scrutiny. The original Ethereum ICO in 2014 may also come under the microscope, potentially exacerbating the regulatory hurdles for Ethereum.

这种潜在的重新分类可能会给以太坊 ETF 的审批流程带来麻烦，使贝莱德的计划进一步复杂化。 Galaxy Digital 全公司研究主管 Alex Thorn 认为，美国证券交易委员会对加密货币公司与以太坊基金会的交易进行的调查表明了严格的审查。 2014 年最初的以太坊 ICO 也可能受到密切关注，这可能会加剧以太坊的监管障碍。

Despite these challenges, industry titans such as Coinbase have rallied behind Ethereum, vehemently opposing the SEC's differing regulatory stance on the asset class compared to the Commodity Futures Trading Commission (CFTC). The industry's unwavering support for Ethereum underscores its collective belief in its value beyond the regulatory quagmire.

尽管面临这些挑战，Coinbase 等行业巨头仍然团结起来支持以太坊，强烈反对美国证券交易委员会对该资产类别与商品期货交易委员会 (CFTC) 不同的监管立场。该行业对以太坊坚定不移的支持突显了其对其价值超越监管泥沼的集体信念。

Even if BlackRock ultimately decides to shelve its Ethereum ETF plans, it would not diminish the asset's significance in the broader digital asset ecosystem. BlackRock remains committed to exploring other avenues within the digital asset space, as evidenced by its recent launch of the BUIDL stablecoin on the Ethereum blockchain. This move signifies the firm's commitment to tokenization and digital asset innovation, irrespective of the fate of specific ETF applications.

即使贝莱德最终决定搁置其以太坊 ETF 计划，也不会削弱该资产在更广泛的数字资产生态系统中的重要性。贝莱德仍然致力于探索数字资产领域的其他途径，最近在以太坊区块链上推出 BUIDL 稳定币就证明了这一点。此举表明该公司致力于代币化和数字资产创新，无论特定 ETF 应用的命运如何。

BlackRock's cautious approach to the Ethereum ETF underscores the complex regulatory and demand-driven landscape that asset managers must navigate in the digital asset space. As the market continues to evolve, BlackRock and other institutions will likely adapt their strategies to align with client interests and regulatory developments. The firm's ongoing exploration of blockchain technology and digital assets beyond Ethereum signals a long-term commitment to the sector, promising sustained innovation and investment in the years to come.

贝莱德对以太坊 ETF 的谨慎态度凸显了资产管理公司在数字资产领域必须应对复杂的监管和需求驱动的环境。随着市场的不断发展，贝莱德和其他机构可能会调整其策略，以适应客户利益和监管发展。该公司对以太坊之外的区块链技术和数字资产的持续探索标志着对该行业的长期承诺，并承诺在未来几年持续创新和投资。