SEC 将以太坊 ETF 期权裁决推迟至 12 月 3 日

The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on whether to allow the CboE Exchange to list options on several spot Ether (ETH) exchange-traded funds (ETFs), according to an Oct. 11 filing.

根据 10 月 11 日提交的文件，美国证券交易委员会 (SEC) 再次推迟了是否允许 CboE 交易所列出多个现货以太币 (ETH) 交易所交易基金 (ETF) 期权的决定。

The decision, which was expected by Oct. 19, has now been pushed to Dec. 3. This marks another instance of the SEC deferring its decision regarding options tied to physical Ethereum ETFs.

该决定原定于 10 月 19 日做出，现已推迟至 12 月 3 日。这标志着 SEC 推迟就与实物以太坊 ETF 相关的期权做出决定的又一实例。

The SEC’s latest filing reveals that the commission has again pushed back its ruling on whether to permit the CboE Exchange to list options on several spot Ethеr ETFs. This proposal sought to list options tiеd to sеvеrаl populаr Ethereum ETFs, including industry giаnts likе BlаckRock’s iShаrеs Ethereum Trust ETF аnd Grаyscаlе Ethereum Trust. Thе dеcision to dеlаy follows а similаr postponеmеnt in Sеptеmbеr whеn Nаsdаq’s rеquеst to list options on thе iShаrеs Ethereum Trust wаs аlso dеfеrrеd.

美国证券交易委员会 (SEC) 的最新文件显示，该委员会再次推迟了是否允许 CboE 交易所列出多个现货以太 ETF 期权的裁决。该提案试图列出与几个流行的以太坊 ETF 相关的期权，包括 BlackRock 的 iShares Ethereum Trust ETF 和 Grayscale Ethereum Trust 等行业巨头。 9 月份，纳斯达克也推迟了在 iShares Ethereum Trust 上列出期权的请求，随后做出了类似的推迟决定。

The delays are not isolated incidents. In September, the SEC did give the go-ahead for Nasdaq to list options tied to BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT). However, final approvals are still pending from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC), with a full launch expected in the first quarter of 2025.

这些延误并非孤立事件。 9 月份，美国证券交易委员会确实批准纳斯达克上市与贝莱德比特币 ETF iShares Bitcoin Trust (IBIT) 相关的期权。然而，仍有待商品期货交易委员会 (CFTC) 和期权清算公司 (OCC) 的最终批准，预计将于 2025 年第一季度全面启动。

James Seyffart, an analyst with Bloomberg Intelligence, noted that while Bitcoin ETF options may launch by the end of 2024, the first quarter of 2025 is a more realistic timeline.

Bloomberg Intelligence 分析师 James Seyffart 指出，虽然比特币 ETF 期权可能会在 2024 年底推出，但 2025 年第一季度是更现实的时间表。

“I think before the end of the year is possible for options, but more likely in Q1 2025,” Seyffart stated on Oct. 9.

Seyffart 于 10 月 9 日表示：“我认为今年年底前有可能做出选择，但更有可能是在 2025 年第一季度。”

The potential for crypto options is attracting the attention of traditional finance players. Financial advisors, who manage a significant portion of the $9 trillion ETF market, increasingly rely on options to protect portfolios. A 2023 survey conducted by The Journal of Financial Planning indicated that over 10% of financial advisors actively use options in their client portfolios.

加密货币期权的潜力正在吸引传统金融参与者的注意力。管理着 9 万亿美元 ETF 市场很大一部分的财务顾问越来越依赖期权来保护投资组合。 《财务规划杂志》2023 年进行的一项调查表明，超过 10% 的财务顾问在其客户投资组合中积极使用期权。

This trend, combined with the rising inflows into Bitcoin spot ETFs, signals a growing appetite among institutional investors for regulated crypto derivatives. On Oct. 11, Bitcoin spot ETFs recorded a net inflow of $253.6 million, while Ether spot ETFs saw a small net outflow of $0.1 million.

这一趋势，加上比特币现货 ETF 的资金流入不断增加，表明机构投资者对受监管的加密货币衍生品的兴趣日益浓厚。 10 月 11 日，比特币现货 ETF 净流入 2.536 亿美元，而以太币现货 ETF 则小幅净流出 10 万美元。

Data from SpotOnChain indicates a significant net flow rebound on the last trading day of the week, following three consecutive days of outflows. The total net flow for Bitcoin ETFs this week stands at a positive $348.7 million, with inflows occurring on two out of five trading days.

SpotOnChain的数据显示，继连续三天流出之后，本周最后一个交易日净流量出现显着反弹。本周比特币 ETF 的总净流量为 3.487 亿美元，其中五个交易日中有两个出现资金流入。

BlackRock’s iShares Bitcoin Trust (IBIT) emerged as the leader in weekly inflows, attracting a substantial $140.7 million and adding a net 2,229 BTC to its holdings. The cumulative net inflow for IBIT now sits at an impressive $18.84 billion after 190 trading days.

贝莱德 (BlackRock) 的 iShares 比特币信托 (IBIT) 成为每周资金流入的领头羊，吸引了大量资金 1.407 亿美元，净持有 2,229 比特币。 190 个交易日后，IBIT 累计净流入达到令人印象深刻的 188.4 亿美元。

In contrast, Ethereum ETFs have faced a tougher week, with only $1.9 million in inflows over the past five trading days. The cumulative net inflow for Ethereum ETFs after 58 trading days stands at -$551 million.

相比之下，以太坊 ETF 则面临着更为艰难的一周，过去 5 个交易日仅有 190 万美元的资金流入。 58个交易日后，以太坊ETF的累计净流入为-5.51亿美元。