美国证券交易委员会（SEC）延迟了Vaneck要求对现货比特币ETF应用程序的实物创作的决定

该决定还影响了智慧树，并扩展到了以太坊ETF产品。资产经理在去年批准了现货比特币和以太坊ETF产品之前，承认了这种救赎模型。

The US Securities and Exchange Commission (SEC) has postponed its decision on considering applications for In-Kind creations for the spot Bitcoin ETF.

美国证券交易委员会（SEC）已将其决定在考虑现货比特币ETF的实物创作的申请上做出了决定。

The regulator will now decide on June 3, extending the prior deadline of May 3. The SEC is also expected to announce its verdict on the spot Ethereum ETF offering from WisdomTree at the same time.

监管机构现在将于6月3日做出决定，延长了5月3日的先前截止日期。还预计，SEC还将宣布其对以太坊ETF的判决，同时又从WisdomTree宣布。

Earlier, asset managers had stated that they would prefer a standard cash creation and redemption model for the flagship cryptocurrency ETF. However, the SEC had shot down the applications.

早些时候，资产管理人员表示，他们希望为旗舰加密货币ETF提供标准的现金创造和赎回模型。但是，SEC击落了申请。

Now, after the approval of the futures Bitcoin and Ethereum ETFs last year, the asset managers have renewed their push for the In-Kind creations.

现在，在去年的期货比特币和以太坊ETF批准后，资产管理者重新推动了实物创作的推动。

SEC To Decide On Applications For In-Kind Creates On June 3- Report

SEC决定在6月3日的报告中创建实物的申请

The market regulator will decide on applications for In-Kind creation and redemption of the spot Bitcoin and Ethereum ETFs on June 3, a legal consultant has said.

一位法律顾问说，市场监管机构将在6月3日决定对现货比特币和以太坊ETF的实物创建和赎回的申请。

Eleanor Terrett, an attorney at the firm Winston, shared on X, formerly Twitter, that the regulator’s staff has filed a brief with the administrative law judge. In the brief, they request the judge to defer to the SEC’s view that the applications should be approved.

温斯顿公司的律师埃莉诺·特雷特（Eleanor Terrett）在X（以前是Twitter）上分享了监管机构的工作人员已向行政法官提交了简报。在摘要中，他们要求法官遵守SEC的观点，即应批准申请。

The SEC had initially shot down the applications for In-Kind creations and redeems. In-Kind creations will see stakeholders exchange the underlying Bitcoin and Ethereum directly. This eliminates the need to first convert the funds to cash.

SEC最初击落了实物创作和赎回的申请。实物创造将使利益相关者直接交换基础的比特币和以太坊。这无需先将资金转换为现金。

The US SEC had opposed this method of creation and redemption as it helps maintain liquidity and price stability. It also avoids taxable events.

美国SEC反对这种创造和赎回方法，因为它有助于维持流动性和价格稳定。它还避免应税事件。

“The Division maintains that, in the interest of efficient and economic use of the Commission’s resources, the applications should be granted in accordance with the SEC’s view as expressed in its statements at the March 15, 2024, open meeting,” the SEC staff said.

SEC工作人员说：“该部门坚持认为，为了有效和经济使用委员会的资源，应按照SEC的观点批准申请，如2024年3月15日在公开会议上的声明中所示。”

The regulator is expected to announce its verdict on the spot Ethereum ETF offering from WisdomTree at the same time.

预计该监管机构将同时宣布对智慧树的现场以太坊ETF的判决。