结合比特币和以太坊的混合 ETF 将于下个月推出

美国证券交易委员会（SEC）已批准创建首个结合比特币和以太坊的混合交易所交易基金（ETF）。

The United States Securities and Exchange Commission (SEC) has finally approved the creation of the first hybrid exchange-traded funds (ETFs) that will combine Bitcoin and Ethereum.

美国证券交易委员会（SEC）最终批准创建首个将比特币和以太坊结合起来的混合交易所交易基金（ETF）。

This approval comes after several months of extensions and reviews, marking a milestone in the integration of cryptocurrencies with traditional financial markets.

经过几个月的延期和审查后获得批准，标志着加密货币与传统金融市场整合的里程碑。

The SEC has approved two products that will allow investors to gain exposure to both cryptocurrencies in a single instrument: the Hashdex Nasdaq Crypto Index US ETF on Nasdaq and the Franklin Crypto Index ETF on the Cboe BZX Exchange.

美国证券交易委员会已批准两种产品，允许投资者在单一工具中获得两种加密货币的投资：纳斯达克的 Hashdex 纳斯达克加密货币指数美国 ETF 和芝加哥期权交易所 BZX 交易所的富兰克林加密货币指数 ETF。

Both funds will follow an approximate distribution of 80% Bitcoin and 20% Ethereum, based on the floating market capitalization of both cryptocurrencies.

根据这两种加密货币的浮动市值，这两只基金将大致分配 80% 的比特币和 20% 的以太坊。

This approval is part of a trend toward greater product diversification within the market. The SEC highlighted the importance of the “surveillance-sharing” agreement between exchanges, a measure designed to enhance the detection of fraud and manipulation in connected markets.

此次批准是市场内产品更加多元化趋势的一部分。美国证券交易委员会强调了交易所之间“监控共享”协议的重要性，该协议旨在加强对互联市场中欺诈和操纵行为的检测。

The launch of these products is scheduled for January, and it is expected to attract a wide base of investors seeking diversified exposure.

这些产品定于一月份推出，预计将吸引广泛的寻求多元化投资的投资者。

Industry analysts believe that hybrid funds are a response to the demand for products that offer access to the two most significant assets in the crypto market. Nate Geraci, president of ETF Store, pointed out that these products will be well-received due to their ability to provide a much-desired alternative since crypto ETFs first appeared in the traditional market.

行业分析师认为，混合基金是对提供加密市场两种最重要资产的产品需求的回应。 ETF Store总裁Nate Geraci指出，自从加密ETF首次出现在传统市场以来，这些产品将受到广泛欢迎，因为它们能够提供人们渴望的替代方案。

Moreover, the approval of these new funds also demonstrates the SEC’s recognition that hybrid products can meet the regulatory requirements established for commodity-based funds.

此外，这些新基金的批准也表明美国证券交易委员会认识到混合产品可以满足为商品基金制定的监管要求。

Interest in cryptocurrency ETFs is steadily rising. Funds like BlackRock’s IBIT, which dominates the market with $56 billion in assets under management, are revolutionizing the industry.

人们对加密货币 ETF 的兴趣正在稳步上升。 BlackRock 的 IBIT 等基金以 560 亿美元的资产管理着市场，正在彻底改变这个行业。

Despite declines in investment flows observed in other products, the arrival of these hybrid funds is expected to further boost access to and acceptance of cryptocurrencies in traditional financial markets.

尽管其他产品的投资流量有所下降，但这些混合基金的到来预计将进一步促进传统金融市场对加密货币的访问和接受。