由于监管不确定性，美国证券交易委员会 (SEC) 打消了 5 月份以太坊现货 ETF 批准的希望

Valkyrie 首席信息官 Steven McClurg 预测 SEC 不太可能在 5 月份批准以太坊 ETF 现货。他表示，莱特币或 XRP 现货 ETF 在 ETH 之前获得批准的可能性更高，理由是对 ETH 被归类为证券以及 SEC 调查的潜在担忧。尽管之前预计 ETH ETF 会获得批准，但最近的事态发展浇灭了人们的热情，美国证券交易委员会 (SEC) 推迟了决定，专家们也降低了 2024 年 5 月批准的可能性。

Securities Regulators Cast Doubt on Ethereum Spot ETF Approval in May

证监会对5月份以太坊现货ETF批准提出质疑

Washington, D.C. - The Securities and Exchange Commission (SEC) is unlikely to grant approval for a spot Ethereum exchange-traded fund (ETF) in May, according to Valkyrie Investments co-founder and Chief Investment Officer Steven McClurg.

华盛顿特区 - Valkyrie Investments 联合创始人兼首席投资官 Steven McClurg 表示，美国证券交易委员会 (SEC) 不太可能在 5 月份批准以太坊现货交易所交易基金 (ETF)。

Regulatory Cautions

监管注意事项

McClurg expressed his skepticism during a fireside chat at the Digital Wildcatters Empower Conference. He believes that Ethereum (ETH) may be classified as a security, which would make it subject to stricter regulatory oversight and hinder its approval as a spot ETF. This view aligns with recent reports of an investigation into the Ethereum Foundation by the SEC.

麦克卢格在数字野猫赋权会议的炉边谈话中表达了他的怀疑。他认为，以太坊（ETH）可能被归类为证券，这将使其受到更严格的监管，并阻碍其作为现货ETF的批准。这一观点与美国证券交易委员会最近对以太坊基金会的调查报告一致。

Market Expectations Revisited

重新审视市场预期

Prior to this news, many analysts had anticipated an ETH spot ETF approval in May. However, McClurg's comments and the ongoing SEC investigation have cast doubt on this timeline. Bloomberg senior ETF analyst Eric Balchunas has also suggested that the chances of a May 2024 approval have diminished due to a lack of engagement between the SEC and ETF issuers.

在此消息发布之前，许多分析师预计 ETH 现货 ETF 将在 5 月份获得批准。然而，麦克卢格的评论和美国证券交易委员会正在进行的调查让人们对这一时间表产生了怀疑。彭博社高级 ETF 分析师 Eric Balchunas 也表示，由于 SEC 和 ETF 发行人之间缺乏接触，2024 年 5 月获得批准的机会已经减少。

Commodity Classification Complicates Matters

商品分类使问题变得复杂

While the SEC weighs the security status of ETH, the US Commodity Futures Trading Commission (CFTC) views it as a commodity. This discrepancy between regulatory agencies further complicates the regulatory landscape for ETH ETFs.

虽然 SEC 权衡 ETH 的安全状况，但美国商品期货交易委员会 (CFTC) 将其视为一种商品。监管机构之间的这种差异使 ETH ETF 的监管环境进一步复杂化。

Alternative ETF Prospects

另类 ETF 前景

Instead of an ETH spot ETF, McClurg predicts that the regulatory environment may be more favorable for spot ETFs based on other cryptocurrencies, such as Litecoin (LTC) or XRP. These assets have not been subject to the same level of scrutiny as ETH and may present a lower regulatory hurdle.

McClurg 预测，监管环境可能更有利于基于其他加密货币（例如莱特币（LTC）或 XRP）的现货 ETF，而不是 ETH 现货 ETF。这些资产并未受到与 ETH 同等程度的审查，并且可能存在较低的监管障碍。

Market Implications

市场影响

The delayed approval of an ETH spot ETF could have significant implications for the crypto market. Investors who have been eagerly awaiting this development may be disappointed. Additionally, the uncertainty surrounding ETH's regulatory status could impact its price and market sentiment.

ETH 现货 ETF 的延迟批准可能会对加密货币市场产生重大影响。一直热切等待这一进展的投资者可能会感到失望。此外，围绕 ETH 监管状况的不确定性可能会影响其价格和市场情绪。

Regulatory Clarity Needed

监管需要明确

McClurg's comments underscore the need for greater regulatory clarity regarding the classification of cryptocurrencies. Until a clear framework is established, the approval of spot ETFs for major assets like ETH will remain uncertain.

麦克卢格的评论强调需要对加密货币的分类进行更加明确的监管。在建立明确的框架之前，ETH 等主要资产的现货 ETF 是否获得批准仍存在不确定性。

Industry Response

业界反应

Crypto industry leaders have expressed concerns over the SEC's cautious approach to crypto ETFs. They argue that it stifles innovation and puts US investors at a disadvantage compared to other markets where such products are available.

加密行业领导者对 SEC 对加密 ETF 的谨慎态度表示担忧。他们认为，这抑制了创新，并使美国投资者与提供此类产品的其他市场相比处于不利地位。

Conclusion

结论

The SEC's reluctance to approve a spot ETH ETF in May highlights the ongoing regulatory challenges facing the cryptocurrency industry. While some assets may face hurdles due to their potential classification as securities, others may have a smoother path to ETF approval. The regulatory landscape for cryptocurrencies remains fluid, and investors should monitor developments closely.

美国证券交易委员会 (SEC) 5 月份不愿批准现货 ETH ETF，凸显了加密货币行业持续面临的监管挑战。虽然某些资产可能因其潜在的证券分类而面临障碍，但其他资产可能有更顺利的 ETF 批准之路。加密货币的监管环境仍然不稳定，投资者应密切关注事态发展。