摩根大通预测现货以太坊 ETF 在法律审查后将获得批准

摩根大通预计 SEC 会批准现货以太坊 ETF，此举取决于诉讼程序。该银行预计 5 月份获得批准的可能性为 50%，并预测如果以太坊 ETF 申请被拒绝，可能会面临法律挑战。

JPMorgan Predicts SEC Approval of Spot Ethereum ETFs Post-Litigation

摩根大通预测美国证券交易委员会将在诉讼后批准现货以太坊 ETF

Global investment banking giant JPMorgan has projected that the U.S. Securities and Exchange Commission (SEC) will ultimately grant approval to spot ether exchange-traded funds (ETFs). This anticipation stems from the premise that the SEC has previously indicated a willingness to authorize ETFs tracking the performance of cryptocurrencies with significant market capitalization and liquidity.

全球投资银行巨头摩根大通预计，美国证券交易委员会（SEC）最终将批准现货以太币交易所交易基金（ETF）。这一预期源于这样一个前提：美国证券交易委员会此前已表示愿意授权 ETF 跟踪具有巨大市值和流动性的加密货币的表现。

However, JPMorgan acknowledges the possibility of a temporary setback, estimating a 50% likelihood of approval in May 2023. In the event of a rejection at that juncture, a protracted litigation process could ensue. The firm's analysis suggests that the SEC's concerns center around the lack of regulation for spot ether markets and the potential for market manipulation.

然而，摩根大通承认可能会出现暂时的挫折，估计 2023 年 5 月获得批准的可能性为 50%。如果当时被拒绝，可能会引发旷日持久的诉讼过程。该公司的分析表明，美国证券交易委员会的担忧集中在现货以太市场缺乏监管以及市场操纵的可能性上。

The approval of spot ether ETFs would have a transformative impact on the cryptocurrency landscape. Currently, investors can only access ether via futures-based ETFs, which track the price of ether futures contracts rather than the underlying asset itself. Spot ETFs, on the other hand, would provide direct exposure to the spot price of ether, offering investors greater flexibility and potential returns.

以太币现货 ETF 的批准将对加密货币格局产生变革性影响。目前，投资者只能通过基于期货的 ETF 获取以太币，该 ETF 跟踪以太坊期货合约的价格，而不是基础资产本身。另一方面，现货 ETF 将提供以太坊现货价格的直接敞口，为投资者提供更大的灵活性和潜在回报。

JPMorgan's prediction is based on the SEC's recent actions regarding spot bitcoin ETFs. In October 2021, the SEC approved the ProShares Bitcoin Strategy ETF, the first U.S. ETF to offer exposure to bitcoin futures. This move signaled a shift in the SEC's stance towards cryptocurrencies and opened the door for similar products tracking other crypto assets.

摩根大通的预测是基于美国证券交易委员会最近对现货比特币 ETF 采取的行动。 2021 年 10 月，美国证券交易委员会批准了 ProShares 比特币策略 ETF，这是美国第一只提供比特币期货敞口的 ETF。此举标志着美国证券交易委员会对加密货币立场的转变，并为追踪其他加密资产的类似产品打开了大门。

The SEC's decision on spot ether ETFs will be closely watched by investors, cryptocurrency exchanges, and industry observers. Approval would be a major milestone in the maturation of the cryptocurrency market and could pave the way for a broader acceptance of digital assets as legitimate investment instruments.

美国证券交易委员会关于以太坊 ETF 现货的决定将受到投资者、加密货币交易所和行业观察人士的密切关注。批准将是加密货币市场成熟的一个重要里程碑，并可能为更广泛地接受数字资产作为合法投资工具铺平道路。