美国证券交易委员会（SEC）已将时间表延长了，他们将决定加密货币的几个现货交易所资金（ETF）

美国证券交易委员会（SEC）已将时间表延长了，他们将决定加密货币的几个现货交易所资金（ETF）

The U.S. Securities and Exchange Commission (SEC) has extended the timeline for when they will decide on several spot exchange-traded funds (ETFs) for cryptocurrencies, including XRP, Solana, Dogecoin, Cardano and Litecoin.

美国证券交易委员会（SEC）已将时间表延长，以确定包括XRP，Solana，Dogecoin，Dogecoin，Cardano和Litecoin在内的几个现货交易所贸易资金（ETF）。

It’s common for the SEC to delay initial decisions on ETF applications.

SEC延迟对ETF应用程序的初始决定很常见。

Affected asset managers include Grayscale Investments, VanEck, CoinShares, 21Shares, and Canary Capital, according to a wave of filings posted on the SEC’s website on Tuesday.

受影响的资产经理包括灰度投资，Vaneck，Coinshares，21shares和Canary Capital，根据SEC网站上周二发布的一波文件。

In addition to altcoin ETF applications, the securities regulator deferred on a filing from Nasdaq Stock Market to offer in-kind creations and redemptions for BlackRock’s iShares Bitcoin Trust (IBIT).

除AltCoin ETF应用程序外，证券监管机构还推迟了纳斯达克股票市场提交的文件，以提供实物创作和赎回贝莱德的Ishares Bitcoin Trust（IBIT）。

Loads of ETFs

ETF的负载

The SEC also delayed decisions on in-kind creations and redemptions for the Fidelity Wise Origin Bitcoin ETF, Fidelity Ether, as well as 21Shares’s proposal to incorporate staking in its Ether ETF.

SEC还推迟了对忠诚度的实物创造和赎回的决定，而明智的比特币ETF，保真度以太以及21shares提出的提议将其纳入其Ether ETF。

Although the postponement may disappoint investors, it is not entirely unexpected. The SEC’s review process for new financial products like, especially ETFs tied to new asset classes like cryptocurrencies, is often complex and involves multiple stages.

尽管推迟可能会使投资者失望，但并非完全出乎意料。 SEC对新金融产品的审查过程，尤其是与加密货币（例如加密货币）相关的ETF，通常很复杂，并且涉及多个阶段。

It’s common for the regulator to delay initial decisions to gather more information, address concerns, or seek public comment. The SEC has a history of delaying decisions on cryptocurrency-related investment products, like spot Bitcoin and Ethereum ETFs.

监管机构通常会推迟初始决定以收集更多信息，解决问题或寻求公众评论。 SEC有延迟有关加密货币相关投资产品的决策的历史，例如现货比特币和以太坊ETF。

According to Bloomberg Intelligence analysts James Seyffart, the latest delays are “standard procedure” and they will not considerably change his overall odds of approval for the ETFs. He noted that the final deadlines for decisions are until October.

根据彭博情报分析师詹姆斯·塞法特（James Seyffart）的说法，最新的延迟是“标准程序”，他们不会大大改变他对ETF的总体认可几率。他指出，决策的最后截止日期是到十月。

Eth staking and in-kind also delayed. Everything delayed. It's like the NYC-bound Amtrak on monday morning: "Mechanical issues in DC"

ETH的积分和实物也推迟了。一切都延迟了。就像星期一早上的纽约市 - 绑定的Amtrak一样：“ DC中的机械问题”

— Eric Balchunas (@EricBalchunas) March 11, 2025

- 埃里克·巴尔库纳斯（@ericbalchunas）2025年3月11日

Paul Atkins, President’s Trump pick as the new SEC Chair, has yet to be confirmed by the Senate. The final decision of these ETFs will likely come after Atkins’s confirmation, though there is no set date for his Senate confirmation hearing.

总统特朗普作为新的SEC主席保罗·阿特金斯（Paul Atkins）尚未得到参议院的确认。这些ETF的最终决定可能会在阿特金斯的确认后提出，尽管他的参议院确认听证会没有设定的日期。

Eric Balchunas, Seyffart’s fellow Bloomberg ETF expert, commented that past delays in Bitcoin and Ether ETFs didn’t prevent their eventual approval. He added that delays were to be expected due to government processes.

Seyffart的彭博ETF专家埃里克·巴尔库纳斯（Eric Balchunas）评论说，比特币和以太ETF的延误并没有阻止他们最终的认可。他补充说，由于政府的程序，应预期延误。

Also on Tuesday, Franklin Templeton submitted an S-1 filing to the SEC for the Franklin XRP ETF. The official statement came after the company registered an XRP trust entity in Delaware on February 28 this year.

同样在星期二，富兰克林·邓普顿（Franklin Templeton）向SEC提交了S-1文件，供富兰克林XRP ETF提交。该公司于今年2月28日在特拉华州登记了XRP Trust实体后发表的官方声明。

Asset managers have filed the most applications for XRP and Solana ETFs. However, major Bitcoin ETF players like BlackRock, VanEck, Invesco, and Valkyrie have not entered the XRP ETF market. Excluding VanEck, these firms have also stayed out of the Solana ETF race.

资产管理人员对XRP和Solana ETF提出了最多的申请。但是，像贝莱德，Vaneck，Invesco和Valkyrie这样的主要比特币ETF玩家尚未进入XRP ETF市场。除了Vaneck之外，这些公司还远离了Solana ETF竞赛。

BlackRock evaluates potential ETFs based on client demand and a clear investment thesis. However, compared to Bitcoin and Ether, the firm’s Head of Digital Assets Robert Mitchnick sees low demand for other cryptocurrencies.

贝莱德根据客户需求和明确的投资论文评估潜在的ETF。但是，与比特币和乙醚相比，该公司的数字资产负责人罗伯特·米奇尼克（Robert Mitchnick）认为对其他加密货币的需求较低。

“I would say that our client base today, their interest overwhelmingly is in Bitcoin first, and then somewhat in ETH… and there’s very little interest today beyond those two,” Mitchnick said at the Bitcoin 2024 event in Nashville.

米奇尼克在纳什维尔举行的《比特币2024年》中说：“我要说的是，今天我们的客户群是在比特币中的绝大多数，然后在ETH中有些兴趣……今天以外这两个人的兴趣不大。”

High Odds

高赔率

Bloomberg ETF analysts believe it’s the matter of time for the crypto ETFs to get greenlight from the SEC. Currently, Litecoin (LTC) is viewed as a strong contender, with approval odds estimated around 90%.

彭博ETF分析师认为，加密ETF从SEC获得绿灯是时间问题。目前，莱特币（LTC）被视为强大的竞争者，批准赔率约为90％。

The high probability is largely due to Litecoin’s similarities to Bitcoin and Ethereum, coupled with its established presence in the cryptocurrency market. Most importantly, the CFTC previously called it a commodity.

很高的可能性在很大程度上是由于莱特币与比特币和以太坊的相似性，再加上其在加密货币市场中的既定存在。最重要的是，CFTC先前称其为商品。

Dogecoin (DOGE), despite its origins as a memecoin, also gets relatively favorable odds, estimated at 75%. This is due to its major market presence and the strong community support it enjoys.

Dogecoin（Doge）尽管起源于Memecoin，但估计为75％。这是由于其主要的市场存在及其享有的强大社区支持。

Apparently, a clear regulatory status is now a key advantage, one that XRP and Solana have not yet secured. These crypto assets are classified as “securities” in the SEC’s ongoing litigation against Binance and Ripple Labs.

显然，明确的监管状况现在是一个关键优势，XRP和Solana尚未确保这一优势。这些加密资产被归类为SEC针对Binance和Ripple Labs的持续诉讼中的“证券”。

Solana’s (SOL) approval odds range between 70% and 85%. The positive outlook is supported by Solana’s robust ecosystem and growing institutional interest, with prediction markets demonstrating strong confidence in its ETF approval prospects.

Solana的（SOL）批准赔率在70％至85％之间。索拉纳（Solana）强大的生态系统和日益增长的机构兴趣支持积极的前景，预测市场表现出对ETF批准前景的强烈信心。

XRP’s approval odds are somewhat more nuanced, falling within the 65% to 80% range. Despite these legal complexities, there is optimism regarding its potential approval, driven by increasing institutional interest and anticipated settlement between the two entities.

XRP的批准赔率有些细微差别，落在65％至80％的范围内。尽管有这些法律上的复杂性，但对其潜在批准仍然是乐观的，这是由于机构利益的增加和两个实体之间的预期和解所驱动的。