随着 Ripple 的法律胜利重振市场乐观情绪，XRP ETF 批准时间表出现

加密货币投资的格局正在迅速发展，一种数字资产正以前所未有的方式占据头条新闻。虽然比特币和以太坊长期以来一直主导着机构领域，但一个新的竞争者正在步入竞争舞台，承诺重塑加密货币市场的未来。

Fresh legal developments have brought XRP back into the spotlight, with recent filings aiming to pave the way for a Ripple (XRP) exchange-traded fund (ETF). Here's a closer look at the latest news and what it means for XRP in the coming months.

新的法律进展使 XRP 重新成为人们关注的焦点，最近提交的文件旨在为 Ripple (XRP) 交易所交易基金 (ETF) 铺平道路。以下是最新消息及其对 XRP 在未来几个月的意义的详细了解。

As institutional interest in cryptocurrency continues to grow, so does the demand for regulated investment vehicles like ETFs. In a recent move, Bitwise Asset Management has filed for an XRP ETF with the U.S. Securities and Exchange Commission (SEC). This filing comes after institutional interest in XRP surged in 2022.

随着机构对加密货币的兴趣不断增长，对 ETF 等受监管投资工具的需求也在不断增长。最近，Bitwise Asset Management 向美国证券交易委员会 (SEC) 申请了 XRP ETF。该文件是在 2022 年机构对 XRP 的兴趣激增之后提交的。

If approved by the SEC, the Bitwise XRP ETF would provide investors with a new way to gain exposure to the performance of XRP without purchasing the token directly. This could significantly broaden the institutional participation in the XRP market.

如果获得 SEC 批准，Bitwise XRP ETF 将为投资者提供一种无需直接购买代币即可了解 XRP 表现的新方式。这可以显着扩大 XRP 市场的机构参与度。

However, the approval process for any ETF is typically lengthy and involves several steps. According to legal expert Jeremy Hogan, ETF approvals usually take six to twelve months, suggesting a potential mid-2025 approval date if the SEC's current appeal progresses as expected.

然而，任何 ETF 的审批流程通常都很漫长，并且涉及多个步骤。法律专家杰里米·霍根 (Jeremy Hogan) 表示，ETF 的批准通常需要 6 到 12 个月的时间，如果 SEC 当前的上诉按预期取得进展，批准日期可能会在 2025 年中期。

This timeline is closely tied to the ongoing legal battle between Ripple Labs and the SEC, which could impact the approval of an XRP ETF. In December 2020, the SEC filed a lawsuit against Ripple, alleging that its sales of XRP constituted unregistered securities offerings.

这一时间表与 Ripple Labs 和 SEC 之间正在进行的法律斗争密切相关，这可能会影响 XRP ETF 的批准。 2020年12月，SEC对Ripple提起诉讼，指控其销售XRP构成未注册的证券发行。

A U.S. court later ruled that while sales to institutional investors breached securities laws, secondary market sales did not. The SEC is currently appealing parts of this decision, with a review set for January 2025.

美国法院后来裁定，虽然向机构投资者的销售违反了证券法，但二级市场的销售却没有。 SEC 目前正在对该决定的部分内容提出上诉，预计将于 2025 年 1 月进行复审。

Bitwise's filing also lists the SEC as a significant risk factor for investors, highlighting the regulatory hurdles that still exist for XRP and other digital assets. Despite these challenges, Bitwise’s Chief Investment Officer Matt Hougan expressed optimism regarding the XRP ETF filing.

Bitwise 的文件还将 SEC 列为投资者的重大风险因素，突显了 XRP 和其他数字资产仍然存在的监管障碍。尽管存在这些挑战，Bitwise 首席投资官 Matt Hougan 对 XRP ETF 备案表示乐观。

According to Hougan, the firm only submits ETF applications when a viable path to approval is evident. He also noted XRP's strong community backing and technological robustness, which make it a compelling asset for institutional investors.

据 Hougan 称，该公司仅在可行的审批途径明显时才提交 ETF 申请。他还指出，XRP 拥有强大的社区支持和技术稳健性，这使其成为对机构投资者有吸引力的资产。

Ripple's recent legal successes have also fueled market optimism for XRP. The court's decision in favor of Ripple Labs and its executives has set a precedent that could influence the SEC's stance on cryptocurrency regulations.

Ripple 最近在法律上取得的成功也激发了市场对 XRP 的乐观情绪。法院对 Ripple Labs 及其高管有利的判决开创了先例，可能会影响 SEC 对加密货币监管的立场。

This ruling concluded that the SEC failed to provide fair notice to Ripple that its sales of XRP were securities offerings and that the court has the authority to decide whether the sales were exempt from registration at a later stage in the lawsuit.

该裁决的结论是，SEC 未能向 Ripple 提供公平通知，表明其销售 XRP 属于证券发行，法院有权在诉讼后期决定该销售是否免于注册。

After the SEC filed a motion to dismiss the lawsuit, arguing that the court lacks jurisdiction over the SEC's administrative actions, the court denied the motion, allowing the lawsuit to proceed. These developments come amid broader market speculation about regulatory shifts in the United States.

在SEC提出驳回诉讼的动议后，法院认为法院对SEC的行政行为缺乏管辖权，因此驳回了该动议，允许诉讼继续进行。这些事态发展正值市场对美国监管变化的广泛猜测之际。

Some analysts predict that changes in the SEC's leadership or policy direction could lead to a more favorable environment for crypto assets like XRP. The anticipation of a more crypto-friendly regulatory framework adds fuel to the optimism surrounding XRP's potential ETF approval.

一些分析师预测，SEC 领导层或政策方向的变化可能会为 XRP 等加密资产带来更有利的环境。对加密货币更加友好的监管框架的预期增加了围绕 XRP 潜在 ETF 批准的乐观情绪。

Moreover, the interest in XRP ETFs isn't isolated. Firms like Canary Capital and 21Shares have also submitted applications for an XRP ETF, indicating a growing institutional appetite for XRP-based investment products. This collective move underscores the token's increasing legitimacy in the eyes of traditional financial institutions.

此外，对 XRP ETF 的兴趣并不是孤立的。 Canary Capital 和 21Shares 等公司也提交了 XRP ETF 申请，表明机构对基于 XRP 的投资产品的兴趣不断增长。这一集体举动凸显了该代币在传统金融机构眼中日益增强的合法性。

The possibility of an XRP ETF has also had a positive impact on the token's market performance, with XRP experiencing increased trading volumes and price appreciation. The convergence of legal clarity and institutional interest positions XRP as a frontrunner in the next wave of crypto adoption.

XRP ETF 的可能性也对该代币的市场表现产生了积极影响，XRP 的交易量增加了，价格也上涨了。法律明确性和机构利益的融合使 XRP 成为下一波加密货币采用的领跑者。

On the Flipside

另一方面

Why This Matters

为什么这很重要

An XRP ETF would provide institutional and retail investors with regulated, accessible exposure to XRP, potentially increasing liquidity and market stability. For Ripple and its community, it validates years of technological development and legal efforts, positioning XRP as a significant player in the future of digital finance.

XRP ETF 将为机构和散户投资者提供受监管、可获取的 XRP 敞口，从而有可能增加流动性和市场稳定性。对于 Ripple 及其社区来说，它验证了多年的技术发展和法律努力，将 XRP 定位为未来数字金融的重要参与者。