前沿資訊：以太坊ETF關(guān)鍵障礙已清除，但SEC尚未批準(zhǔn)其上市

Spot ether (ETH) exchange-traded funds took a giant leap toward reality on Thursday after the U.S. Securities and Exchange Commission approved key regulatory filings tied to them, a milestone for the second-largest cryptocurrency.
?周四，美國證券交易委員會(huì)批準(zhǔn)了與以太坊（ETH）交易所交易基金相關(guān)的關(guān)鍵監(jiān)管文件，這是第二大加密貨幣的一個(gè)里程碑。

They are not yet cleared to trade, though. The SEC gave its blessing to so-called 19b-4 forms tied to the ETFs, but the regulator must approve their S-1 filings before investors can buy them.
?不過，它們還不能進(jìn)行交易。美國證券交易委員會(huì)批準(zhǔn)了與 ETF 相關(guān)的所謂 19b-4 表格，但監(jiān)管機(jī)構(gòu)必須在投資者購買 ETF 之前批準(zhǔn)其 S-1 文件。

The approval follows a stunning turnaround by the markets regulator. After clearing spot bitcoin ETFs earlier this year, the SEC didn't seem to engage much with issuers on ether ETFs. That changed in recent days.
?在批準(zhǔn)之前，市場(chǎng)監(jiān)管機(jī)構(gòu)出現(xiàn)了驚人的轉(zhuǎn)變。在今年早些時(shí)候批準(zhǔn)了現(xiàn)貨比特幣 ETF 之后，美國證券交易委員會(huì)似乎并沒有與以太坊 ETF 的發(fā)行商有過多接觸。這種情況在最近幾天發(fā)生了變化。 ?

In a statement, a Grayscale spokesperson confirmed the regulator had approved its 19b-4.
?在一份聲明中，Grayscale發(fā)言人證實(shí)監(jiān)管機(jī)構(gòu)已經(jīng)批準(zhǔn)了其19b-4。

"At Grayscale, we appreciate the opportunity to engage constructively with regulators as they review spot Ethereum ETFs, and we remain optimistic about the potential of bringing Ethereum further into the US regulatory perimeter in the ETF wrapper," they said.
?"他們說："在Grayscale，我們很高興有機(jī)會(huì)在監(jiān)管機(jī)構(gòu)審查現(xiàn)貨以太坊ETF時(shí)與他們進(jìn)行建設(shè)性的接觸，我們對(duì)以太坊在ETF包裝下進(jìn)一步進(jìn)入美國監(jiān)管范圍的潛力保持樂觀。

Would-be spot ether ETF issuers include BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares and Invesco/Galaxy.
?有意發(fā)行現(xiàn)貨以太坊 ETF 的公司包括貝萊德（BlackRock）、富達(dá)（Fidelity）、灰度（Grayscale）、VanEck、富蘭克林鄧普頓（Franklin Templeton）、Ark/21Shares 和 Invesco/Galaxy。

Although the approval of the 19b-4 filings suggests that regulators are willing to allow issuers to bring a spot ether ETF on the market, it doesn't guarantee that they will ultimately approve the final S-1 forms filed by all issuers.
?盡管19b-4文件的批準(zhǔn)表明監(jiān)管機(jī)構(gòu)愿意允許發(fā)行商向市場(chǎng)推出現(xiàn)貨以太坊ETF，但這并不保證監(jiān)管機(jī)構(gòu)最終會(huì)批準(zhǔn)所有發(fā)行商提交的最終S-1表格。 ?

"There is likely to be a gap before we see S-1 approvals and these ETFs begin trading. My guess is that this will take at least a week, but likely more. If history is any guide it could be much longer and be measured in months. But I personally think the gap will be measured in weeks. Everyone is just guessing right now though.” Seyffart said.
??"在我們看到 S-1 批準(zhǔn)和這些 ETF 開始交易之前，很可能會(huì)有一個(gè)間隙。我猜這至少需要一周時(shí)間，但可能更長。如果以歷史為鑒，時(shí)間可能會(huì)更長，以月為單位。但我個(gè)人認(rèn)為，差距將以周為單位。不過現(xiàn)在大家都在猜測(cè)。塞法特說。

Regulators sent a shock wave through the industry on Monday when reports came out that issuers were asked to update their 19b-4 filings ahead of the SEC's deadline to approve or deny one of the issuers, VanEck’s filing.
?周一，有報(bào)道稱，發(fā)行人被要求在美國證券交易委員會(huì)批準(zhǔn)或否決其中一家發(fā)行人 VanEck 申報(bào)的截止日期之前更新 19b-4 申報(bào)，監(jiān)管機(jī)構(gòu)的這一消息在業(yè)內(nèi)引起了震動(dòng)。

An SEC spokesperson said the agency would not comment beyond what's in the order published Thursday.
美國證券交易委員會(huì)發(fā)言人表示，該機(jī)構(gòu)不會(huì)對(duì)周四公布的命令以外的內(nèi)容發(fā)表評(píng)論。

In a statement, 21Shares Head of Legal Andrew Jacobson said the approval was "a significant step in the right direction."
21Shares 法律主管安德魯-雅各布森（Andrew Jacobson）在一份聲明中說，批準(zhǔn)是 "朝著正確方向邁出的重要一步"。