富达注册了具有质押功能的开创性现货以太坊 ETF

管理资产达 4.5 万亿美元的富达已向 SEC 提交了一份 S-1 表格，表明计划推出包括质押在内的以太坊 ETF 现货。继一月份现货比特币 ETF 获得批准后，行业专家预计以太坊将被纳入 ETF，富达的文件概述了该基金的投资目标以及在 CBOE 的上市。

Fidelity Files for Spot Ethereum ETF with Staking Integration

富达为现货以太坊 ETF 提交质押整合申请

Boston-based financial services behemoth Fidelity Investments, managing a colossal $4.5 trillion in assets, has formally submitted an S-1 registration statement with the United States Securities and Exchange Commission (SEC). This pivotal move signals Fidelity's ambitious plans to launch a spot Ethereum exchange-traded fund (ETF), a first-of-its-kind investment vehicle that ingeniously incorporates a crucial feature: staking.

总部位于波士顿的金融服务巨头富达投资管理着 4.5 万亿美元的巨额资产，已向美国证券交易委员会 (SEC) 正式提交 S-1 注册声明。这一关键举措标志着富达雄心勃勃的计划，即推出以太坊现货交易所交易基金（ETF），这是一种首创的投资工具，巧妙地融入了一个关键功能：质押。

Fidelity's audacious foray into the realm of Ethereum ETFs comes on the heels of the SEC's groundbreaking approval of the first spot Bitcoin ETF in the United States earlier this year. Fidelity played a pivotal role in this historic development, emerging as one of the pioneering issuers of this groundbreaking financial product.

今年早些时候，美国证券交易委员会突破性地批准了美国首个现货比特币 ETF，随后富达大胆进军以太坊 ETF 领域。富达在这一历史性发展中发挥了关键作用，成为这一突破性金融产品的先驱发行人之一。

With the green light for spot Bitcoin ETFs paving the way in January, astute industry observers have eagerly anticipated the next cryptocurrency destined to be enshrined within an ETF. Ethereum, with its unparalleled dominance in the decentralized finance (DeFi) arena, has consistently emerged as a front-runner in this highly competitive race.

随着一月份现货比特币 ETF 的开绿灯铺平道路，精明的行业观察家热切地期待着下一个注定会被纳入 ETF 的加密货币。以太坊在去中心化金融（DeFi）领域拥有无与伦比的主导地位，在这场竞争激烈的竞赛中始终处于领先地位。

The Fidelity Ethereum Fund, as outlined in the SEC filing, intends to issue shares for seamless trading on the Chicago Board Options Exchange (CBOE). However, what truly sets this ETF apart from its predecessors is the groundbreaking inclusion of staking. This innovative feature offers investors an unprecedented opportunity to reap rewards for holding their Ethereum tokens.

正如美国证券交易委员会 (SEC) 文件中所述，富达以太坊基金打算发行股票，以便在芝加哥期权交易所 (CBOE) 进行无缝交易。然而，真正使该 ETF 与之前的 ETF 不同的是它突破性地包含了质押。这一创新功能为投资者提供了前所未有的机会，让他们可以通过持有以太坊代币获得回报。

In the company's own words, as stated in the filing, "The Fidelity Ethereum Fund (the 'Trust') is an exchange-traded product that issues shares of beneficial interest seeking to list and trade on the Cboe BZX Exchange, Inc. The Trust's investment objective is to track the performance of ether, measured by the Fidelity Ethereum Reference Rate, adjusted for the Trust's expenses and other liabilities."

正如文件中所述，用该公司自己的话来说，“富达以太坊基金（‘信托’）是一种交易所交易产品，发行实益权益股票，寻求在 Cboe BZX Exchange, Inc. 上市和交易。该信托的投资目标是跟踪以太坊的表现，以富达以太坊参考利率衡量，并根据信托的费用和其他负债进行调整。”

Remarkably, this isn't Fidelity's maiden voyage into the realm of Ethereum ETFs. In November 2023, the company joined forces with other financial heavyweights such as BlackRock, VanEck, and ARK Invest to submit a joint filing for an Ethereum ETF.

值得注意的是，这并不是富达进入以太坊 ETF 领域的首次航行。 2023 年 11 月，该公司与 BlackRock、VanEck 和 ARK Invest 等其他金融巨头联手提交了以太坊 ETF 的联合申请。

However, the path to regulatory approval is fraught with potential obstacles. The SEC has recently embarked on a legal campaign that seeks to question Ethereum's regulatory status, casting a shadow of uncertainty over the fate of Ethereum ETFs.

然而，获得监管批准的道路充满了潜在的障碍。美国证券交易委员会 (SEC) 最近发起了一场法律行动，旨在质疑以太坊的监管地位，为以太坊 ETF 的命运蒙上了不确定性的阴影。

Despite these regulatory hurdles, industry optimists, such as Craig Salm, Chief Legal Officer of Grayscale Investments, remain undeterred in their belief that Ethereum ETFs will ultimately prevail.

尽管存在这些监管障碍，但灰度投资公司首席法务官 Craig Salm 等行业乐观主义者仍然坚信以太坊 ETF 最终会占上风。

Salm draws astute parallels with the arduous journey of spot Bitcoin ETFs, suggesting that the groundwork laid during those protracted negotiations could potentially expedite the approval process for Ethereum ETFs.

Salm 敏锐地与现货比特币 ETF 的艰难历程进行了类比，表明在这些旷日持久的谈判中奠定的基础可能会加快以太坊 ETF 的审批流程。

In Salm's own words, "All of these issues were resolved and are identical when comparing spot Bitcoin to Ethereum ETFs. The only distinction is that instead of holding bitcoin, the ETF holds ether. So, in many respects, the SEC has already engaged, and issuers simply have fewer obstacles to navigate this time."

用 Salm 自己的话来说，“所有这些问题都得到了解决，并且在将现货比特币与以太坊 ETF 进行比较时是相同的。唯一的区别是 ETF 持有以太币，而不是比特币。因此，在许多方面，美国证券交易委员会已经参与其中，这次发行人面临的障碍更少了。”

The potential advent of a spot Ethereum ETF, particularly one that incorporates staking, marks a transformative milestone in the maturation of cryptocurrency investment products. This innovative financial instrument has the potential to unlock new avenues for investors to participate in the burgeoning Ethereum ecosystem and reap the rewards of staking, a practice that allows holders to earn passive income while contributing to the security and validation of the network.

以太坊现货 ETF（尤其是包含质押功能的 ETF）的潜在出现，标志着加密货币投资产品成熟过程中的一个变革性里程碑。这种创新的金融工具有可能为投资者开启新的途径，让他们参与蓬勃发展的以太坊生态系统并获得质押回报，这种做法允许持有者赚取被动收入，同时为网络的安全性和验证做出贡献。