Grayscale 的以太坊期货 ETF 再次推迟：原因是什么？

美国证券交易委员会 (SEC) 再次推迟对 Grayscale 的以太坊期货 ETF 做出决定，将截止日期推迟至 2024 年 5 月 30 日。分析师对此并不感到意外，彭博社的 ETF 专家 James Seyffart 将其视为 Grayscale 战略计划的一部分最终其现货 ETH ETF 获得批准。

Grayscale's Ethereum Futures ETF: What's the Latest?

Grayscale 的以太坊期货 ETF：最新消息是什么？

The SEC has pushed back the deadline for its decision on Grayscale's Ethereum Futures ETF, once again. What's the hold-up?

美国证券交易委员会 (SEC) 再次推迟了对 Grayscale 以太坊期货 ETF 做出决定的最后期限。有什么耽搁呢？

SEC Extends Deadline for Decision

SEC 延长决策期限

The SEC has extended the deadline to May 30, 2024, to decide on Grayscale's ETF. This gives the agency more time to "consider the proposed rule change and the issues raised therein."

美国证券交易委员会 (SEC) 将决定 Grayscale ETF 的截止日期延长至 2024 年 5 月 30 日。这使该机构有更多时间“考虑拟议的规则变更以及其中提出的问题”。

Analysts Not Surprised

分析师并不感到惊讶

Bloomberg ETF analyst James Seyffart isn't shocked by the delay. He believes it's part of a larger strategy by Grayscale to eventually get approval for its spot ETH ETF.

彭博 ETF 分析师 James Seyffart 对这一延迟并不感到震惊。他认为，这是 Grayscale 更大战略的一部分，该战略最终将使其现货 ETH ETF 获得批准。

Spot ETH ETF Approval Unlikely

现货 ETH ETF 不太可能获得批准

Galaxy Digital's Alex Thorn doesn't think approval of spot ETH ETFs is likely right now. He cites the SEC's subpoenas to crypto companies and lack of communication with ETF issuers as reasons for his pessimism.

Galaxy Digital 的 Alex Thorn 认为现货 ETH ETF 目前不太可能获得批准。他将 SEC 向加密货币公司发出的传票以及与 ETF 发行人缺乏沟通作为其悲观的原因。

SEC's Investigation of Ethereum ICO

SEC 对以太坊 ICO 的调查

The SEC is reportedly investigating whether the Ethereum ICO was an unregistered securities offering. This could have implications for the approval of ETH ETFs, according to Thorn.

据报道，美国证券交易委员会正在调查以太坊 ICO 是否是未经注册的证券发行。索恩表示，这可能会对 ETH ETF 的批准产生影响。

SEC's Communication Deficit

SEC 的沟通缺陷

Thorn also notes that the SEC is not actively communicating with ETF applicants. This, combined with the investigation into the Ethereum ICO, makes May approval seem unlikely.

Thorn 还指出，SEC 并未积极与 ETF 申请人沟通。再加上对以太坊 ICO 的调查，使得 5 月份获得批准的可能性似乎不大。

What's Next?

下一步是什么？

The SEC's investigation and lack of communication raise questions about the future of spot ETH ETFs. Grayscale's revised 19b-4 form may force the regulator's hand, but the odds of approval remain slim.

SEC 的调查和缺乏沟通引发了人们对现货 ETH ETF 未来的疑问。 Grayscale 修订后的 19b-4 表格可能会迫使监管机构采取行动，但批准的可能性仍然很小。

Implications for Grayscale

对灰度的影响

The delays and uncertainty surrounding the Ethereum Futures ETF could have significant implications for Grayscale. The company is facing competition from other ETF issuers and its investors are eager for approval of a spot ETH product.

以太坊期货 ETF 的延迟和不确定性可能会对灰度产生重大影响。该公司正面临来自其他 ETF 发行人的竞争，其投资者渴望获得现货 ETH 产品的批准。

Industry Impact

行业影响

The SEC's actions have broader implications for the crypto industry. The investigation into the Ethereum ICO could set a precedent for how the agency regulates other cryptocurrencies.

SEC 的行动对加密行业具有更广泛的影响。对以太坊 ICO 的调查可能会为该机构监管其他加密货币树立先例。

Conclusion

结论

The SEC's extended deadline for Grayscale's Ethereum Futures ETF adds to the uncertainty surrounding spot ETH ETFs. The agency's investigation into the Ethereum ICO and lack of communication with ETF issuers suggest that approval is unlikely in May. Grayscale and the crypto industry will continue to watch developments closely.

美国证券交易委员会延长了 Grayscale 以太坊期货 ETF 的截止日期，这增加了现货 ETH ETF 的不确定性。该机构对以太坊 ICO 的调查以及与 ETF 发行人缺乏沟通表明，5 月份不太可能获得批准。灰度和加密行业将继续密切关注事态发展。