面对仍然犹豫的法规，加密工业正在屏住呼吸。

随着对加密ETF的热情的增长，美国证券交易委员会（SEC）刚刚推迟了对重大要求的决定：将Grayscale的XRP Trust的转换为ETF。

The crypto industry is holding its breath as the U.S. Securities and Exchange Commission (SEC) continues to navigate the still-hesitant regulatory landscape.

随着美国证券交易委员会（SEC）继续在仍然存在的监管景观中，加密行业正在屏住呼吸。

As enthusiasm for crypto ETFs grows and major asset managers adjust their expansion strategies, the SEC has just postponed its decision on a significant request: the conversion of Grayscale’s XRP Trust into an ETF.

随着对加密ETF的热情增长，主要资产经理调整了他们的扩展策略，SEC刚刚推迟了其对重要要求的决定：将Grayscale的XRP Trust的转换为ETF。

This postponement, announced on Tuesday, highlights the heightened regulatory difficulties encountered by these assets, even as crypto-related financial products gain legitimacy among institutional investors.

这次推迟于周二宣布，强调了这些资产遇到的监管困难加剧，即使与加密相关的金融产品获得了机构投资者的合法性。

The SEC extends its review of Grayscale’s XRP ETF

SEC扩展了对Grayscale的XRP ETF的评论

The American financial watchdog has chosen to exercise its right to delay its decision on Grayscale’s request to transform its XRP Trust into an exchange-traded fund (ETF).

美国金融监管机构选择行使其对格雷斯卡（Grayscale）要求将其XRP信托转变为交易所交易基金（ETF）的要求的权利。

In its statement, the agency explains that it finds it “appropriate” to extend the review period in order to examine the implications of this transformation in more detail.

该机构在其声明中解释说，它发现延长审核期的“适当”以便更详细地研究这种转换的含义。

The announcement immediately impacted the price of XRP, which saw a decline of 1.2% after reaching an intraday peak of $2.2.

该公告立即影响了XRP的价格，XRP的价格下降了1.2％，达到2.2美元的盘中峰值。

This postponement is not an isolated case, as the SEC has also pushed back its decisions regarding similar proposals, including those targeting Dogecoin and Litecoin ETFs.

这种推迟不是孤立的情况，因为SEC还推迟了有关类似建议的决定，包括针对Dogecoin和Litecoin ETF的建议。

The battle of XRP ETFs and the reluctance of financial giants

XRP ETF之战和财务巨头不愿

While Grayscale is on the front line of this endeavor, other players are also vying for a place in the XRP ETF market.

尽管灰度是这项努力的前线，但其他玩家也在争夺XRP ETF市场的位置。

The SEC still has to rule on the applications submitted by 21Shares and Canary Capital, which are awaiting a verdict in the coming weeks. Moreover, Franklin Templeton, one of the heavyweights in asset management, recently joined the race by filing an application for an XRP ETF.

SEC仍必须对21shares和Canary Capital提交的申请进行裁决，这些申请正在等待未来几周的裁决。此外，资产管理重量级人物之一的富兰克林·邓普顿（Franklin Templeton）最近通过提交XRP ETF的申请参加了比赛。

In contrast, giants like BlackRock and Fidelity, although already engaged in the Bitcoin and Ethereum ETF market, are keeping their distance from XRP ETFs.

相比之下，诸如BlackRock和Fidelity之类的巨人虽然已经从事比特币和以太坊ETF市场，但仍在与XRP ETF保持距离。

Earlier this year, BlackRock expressed a lack of interest in investing in financial products linked to alternative cryptos, which could indicate skepticism regarding the still-unclear regulations and market prospects for XRP.

今年早些时候，贝莱德（Blackrock）表示，对与替代加密货币有关的金融产品的投资缺乏兴趣，这可能表明对XRP的静止法规和市场前景的怀疑。

The uncertainty surrounding the regulation of crypto ETFs in the United States continues to weigh on market players. Despite measured optimism, with Polymarket analysts estimating the chances of an XRP ETF approval at 75%, caution is warranted.

美国加密ETF的监管的不确定性继续使市场参与者权衡。尽管有衡量的乐观情绪，但Polymarket分析师估计了XRP ETF批准为75％的机会，因此需要谨慎。

The SEC’s decision could have a significant impact on the evolution of the altcoin market, which would affect not only the price of XRP but also the attitude of institutional investors towards alternative cryptos in general.

SEC的决定可能会对Altcoin市场的发展产生重大影响，这不仅会影响XRP的价格，而且会影响机构投资者对总体上的替代加密货币的态度。

This postponement once again highlights the prudence of the regulator in the face of a sector undergoing rapid change as it strives to find its place alongside traditional financial assets.

这种推迟再次凸显了监管机构在一个行业面临迅速变化的情况下的审慎，因为它努力与传统的金融资产一起找到自己的位置。