随着最后期限的临近，以太坊 ETF 的批准摇摇欲坠：加密货币社区处于边缘

随着以太坊交易所交易基金（ETF）等待美国证券交易委员会的批准，投资者在延误和混杂的信号中变得越来越忧心忡忡。美国证券交易委员会对于将以太坊归类为证券或商品的犹豫不决阻碍了审批过程。尽管比特币现货 ETF 获得批准后最初出现了乐观情绪，但由于 SEC 最近对加密货币交易所对以太坊的指定进行了调查，以太坊 ETF 获得批准的可能性已降至 50% 左右。

Ethereum ETF Approval Hangs in the Balance as May Deadline Looms

五月截止日期临近，以太坊 ETF 的批准悬而未决

As the eagerly anticipated deadline for the Securities and Exchange Commission's (SEC) decision on the Ethereum Exchange Traded Fund (ETF) draws near, a palpable sense of anxiety hangs over the cryptocurrency community. The delay in the SEC's approval, despite the successful launch of Bitcoin Spot ETFs, has raised concerns over the fate of Ethereum's ETF prospects.

随着美国证券交易委员会 (SEC) 对以太坊交易所交易基金 (ETF) 做出决定的最后期限日益临近，加密货币社区笼罩着明显的焦虑感。尽管比特币现货 ETF 已成功推出，但美国证券交易委员会 (SEC) 的批准仍被推迟，引发了人们对以太坊 ETF 前景的担忧。

Delays and Confusion Plague Ethereum ETF Decision

延误和混乱困扰以太坊 ETF 决策

For months, the SEC has remained conspicuously silent on the Ethereum ETF, leaving investors in a state of limbo. Initially touted as a near certainty, the chances of approval have dwindled in recent weeks, with some estimates hovering around a mere 50%.

几个月来，美国证券交易委员会对以太坊 ETF 一直保持沉默，让投资者陷入了困境。最初被吹捧为几乎确定的事情，但最近几周获得批准的机会已经减少，一些人估计只有 50% 左右徘徊。

The root of the delay lies in the ongoing debate over Ethereum's classification as a security or a commodity. Unlike Bitcoin, which the SEC has explicitly designated as a commodity, Ethereum's status remains uncertain. This ambiguity has hindered the SEC's ability to make a clear decision.

延迟的根源在于关于以太坊分类为证券还是商品的持续争论。与美国证券交易委员会明确指定为商品的比特币不同，以太坊的地位仍然不确定。这种模糊性阻碍了 SEC 做出明确决定的能力。

Complicating matters further, the SEC has recently launched investigations into cryptocurrency exchanges regarding their handling of Ethereum, casting doubt on the SEC's understanding of the asset's nature.

让事情变得更加复杂的是，美国证券交易委员会最近对加密货币交易所对以太坊的处理展开了调查，这让人们对美国证券交易委员会对该资产性质的理解产生了怀疑。

Hope Amidst the Uncertainty

不确定性中的希望

Despite the pessimism surrounding the Ethereum ETF, there are still glimmers of hope. Craig Salm, Grayscale's chief legal officer, remains optimistic about the ETF's prospects. He believes that investors "want and deserve access to #Ethereum in the form of a spot Ethereum ETF," and that Grayscale has a "just as strong" case for approval as it did for the Bitcoin Spot ETF.

尽管围绕以太坊 ETF 的悲观情绪仍然存在，但仍有一线希望。 Grayscale 首席法律官 Craig Salm 对 ETF 的前景仍然持乐观态度。他认为，投资者“希望并且应该以现货以太坊 ETF 的形式进入 #Ethereum”，并且 Grayscale 拥有与比特币现货 ETF 一样“同样强大”的批准理由。

Salm's positive outlook stems from the SEC's prior engagement with Grayscale regarding the Bitcoin ETF, where constructive discussions were held on various aspects of the ETF's structure.

Salm 的积极前景源于 SEC 之前与 Grayscale 就比特币 ETF 进行的接触，其中就 ETF 结构的各个方面进行了建设性讨论。

Bloomberg Analysts Dampen Expectations

彭博社分析师下调预期

However, Bloomberg analysts have taken a more cautious approach, reducing their approval prediction from 35% to 25%. They cite the absence of bullish indicators that were present during the Bitcoin ETF approval process.

然而，彭博社分析师采取了更为谨慎的态度，将支持率预测从 35% 下调至 25%。他们指出，比特币 ETF 审批过程中缺乏看涨指标。

James Seyffart, a prominent Bloomberg analyst, has also predicted three additional delays in the approval timeline.

彭博社著名分析师詹姆斯·塞法特 (James Seyffart) 也预测批准时间表将再出现三次延迟。

Impact on Ethereum Price

对以太坊价格的影响

The uncertainty surrounding the Ethereum ETF has had a noticeable impact on the asset's price. Negative news has weighed heavily on the market, but the price has recently shown signs of recovery, targeting $4,000 or above.

围绕以太坊 ETF 的不确定性对该资产的价格产生了显着影响。负面消息给市场带来沉重压力，但近期价格出现回升迹象，目标指向4,000美元或以上。

May 23: The Day of Reckoning

5 月 23 日：清算日

Despite the swirling speculation and delays, the SEC's deadline of May 23rd remains unchanged. On that day, the fate of the Ethereum ETF will be decided.

尽管猜测不断，拖延不断，SEC 5 月 23 日的最后期限仍然没有改变。在那一天，以太坊ETF的命运将被决定。

In conclusion, the Ethereum ETF approval process has been marked by protracted delays and confusion. While some remain optimistic about a positive outcome, the SEC's silence and ongoing investigations have cast a shadow over the ETF's prospects. As the May 23rd deadline approaches, the cryptocurrency community anxiously awaits a resolution to this saga that has captivated the industry.

总而言之，以太坊 ETF 的审批过程一直存在长期拖延和混乱的情况。尽管一些人仍然对积极结果持乐观态度，但美国证券交易委员会的沉默和正在进行的调查给 ETF 的前景蒙上了阴影。随着 5 月 23 日截止日期的临近，加密货币社区焦急地等待着这个令整个行业着迷的传奇事件的解决方案。