SEC确认的灰度Cardano Trust ETF提案，时钟开始批准

美国证券交易委员会已代表Crypto Asset Manager Grayscale列出和交易现货Cardano交换基金（ETF）的纽约证券ARCA的提案。

NYSE Arca’s proposal on behalf of crypto asset manager Grayscale to list and trade a spot Cardano exchange-traded fund (ETF) has been acknowledged by the US Securities and Exchange Commission.

NYSE ARCA代表Crypto Asset Manager Grayscale提出的提议列出和交易现货Cardano交易所交易基金（ETF）已得到美国证券交易委员会的认可。

The SEC's Feb. 24 acknowledgment of the Grayscale Cardano Trust is the first step toward approval, kicking off the agency's timeline to approve or reject the proposed ETF.

美国证券交易委员会（SEC）2月24日对灰度卡达诺信托基金会（Grayscale Cardano Trust）的确认是批准的第一步，启动了该机构的时间表批准或拒绝拟议的ETF。

The SEC has received a slew of crypto ETF acknowledgments under the new leadership, including Cboe's XRP ETF, Grayscale's spot XRP and Dogecoin ETF, and Nasdaq's filing to set and exercise limits on options tied to BlackRock's iShares Bitcoin Trust (IBIT).

SEC在新领导下获得了一系列的加密ETF承认，包括CBOE的XRP ETF，Grayscale的Spot XRP和Dogecoin ETF，以及Nasdaq的文件，以设置与与Blackrock的Ishares Bitshares Bitcoin Trust（IBIT）相关选项的限制和行使限制。

NYSE Arca, a subsidiary of the NYSE Group, first filed a proposal with the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange on Feb. 10.

纽约证券交易所集团的子公司纽约证券交易所ARCA首先向SEC提出了一项提案，要求2月10日在证券交易所的Grayscale Cardano Trust的股票和交易股份。

The proposed ETF will follow Cardano's price through an index that tracks its daily price on crypto exchanges Coinbase, Crypto.com, Bitfinex and Kraken.

拟议的ETF将遵循Cardano的价格，该指数跟踪其在加密货币Coinbase，Crypto.com，Bitfinex和Kraken上的每日价格。

The exchanges were selected for the index based on being “in material compliance with applicable US federal and state licensing requirements.”

根据“符合适用的美国联邦和州许可要求的物质遵守”而选择了该指数的交易所。

Investors in the ETF will not hold Cardano (ADA) directly but will have shares in the trust.

ETF的投资者将不会直接持有Cardano（ADA），但将拥有该信托的股份。

“An investment in the Shares is not a direct investment in ADA; the Shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to ADA,” the filing states.

“对股票的投资不是对ADA的直接投资；该股票旨在为投资者提供一种具有成本效益，方便的方式，以获取对ADA的投资。”

Coinbase Custody Trust Company is set to be the custodian for the exchange-traded fund, while BNY Mellon Asset Servicing will be the transfer agent and administrator.

Coinbase监护信托公司将成为交易所交易基金的托管人，而BNY Mellon Asset Servicating将是转让代理和管理员。

notably, Bitfinex does not hold any licenses or registrations in the US but was included because it met the “minimum liquidity requirement.”

值得注意的是，Bitfinex在美国没有任何许可或注册，而是因为它满足了“最低流动性要求”。

A wave of ETF applications filed

提交的ETF应用浪潮

Crypto-themed ETF applications have hit the scene following the inauguration of crypto-friendly US President Donald Trump,

以加密为主题的ETF申请在美国总统唐纳德·特朗普就职典礼后启动了现场

On Feb. 24, United States securities exchange Nasdaq filed to list an ETF that will hold the Hedera Network’s native token, HBAR.

2月24日，美国证券交易所纳斯达克（NASDAQ）列出了将持有Hedera Network的本地令牌HBAR的ETF。

Meanwhile, the SEC acknowledged half a dozen exchange filings related to cryptocurrency ETFs in two days on Feb. 19 and 20, covering staking, options, in-kind redemptions and new types of altcoin funds.

同时，SEC承认在2月19日至20日的两天内与加密货币ETF相关的六份交换文件，涵盖了Sticking，选择，选择，实物兑换和新型AltCoin基金。