美国证券交易委员会(SEC)在5月24日批准了8档以太坊现货ETF的19b-4交易规则变更文件,为以太坊现货ETF上市踏出重要一步,市场正密切关注SEC何时将批准S-1注册声明文件、正式上市。
On 24 May, the United States Securities and Exchange Commission (SEC) approved the 8-stage change of rules for ETF 19b-4 transactions in Taipan, an important step forward in placing ETA ETF on the market. The market is closely following when SEC will approve S-1 registration statement documents and officially place them on the market.
不过市场当前正经历一波下跌,在SEC批准19b-4文件之后,ETH的价格一度触及3,977美元高点,但随后持续震荡下跌,本月18日更一度插针3,355美元,跌幅高达13.7%。
However, the market is currently experiencing a wave of decline, with prices reaching a peak of $3,977 following the approval of the 19b-4 document by the SEC, followed by a continued shock, with a further injection of $3,355 on 18 this month, which fell by as much as 13.7 per cent.
不过这两天有明显反弹,截稿前拉回至3,545美元,相较比特币涨幅来的强势许多、近一周跌幅已全数收回。
These two days, however, were marked by a sharp rebound, pulling back to US$ 3,545 before the deadline, much stronger than the bitcoin increase, and the fall of the last week has been fully recovered.
以太坊现货ETF可能推动ETH价格接近4,800美元历史高点
在此背景下,数字资产交易公司QCP Capital昨日发文表示,ETH价格从18日低点3,400美元急遽上升,隐含波动率在短期内显著上升至65%,这一强劲的看涨情绪背后有两大主要因素:
In this context, the digital asset trading firm QCP Capital wrote yesterday that two major factors behind this strong upward sentiment are the sharp rise in ETH prices from an 18-day low of $3,400 to an implicit volatility rate of 65 per cent in the short term:
1.美国证券交易委员会(SEC)决定结束对以太坊2.0的调查,排除将ETH销售视作证券交易的指控。
1. The United States Securities and Exchange Commission (SEC) decided to close the investigation into Ethio 2.0 and to exclude the allegation that ETH sales were considered securities transactions.
2.据消息人士透露,以太坊ETF的潜在发行商正在积极回应SEC提出的意见,并计划在本周内提交回覆。
According to the source, potential distributors of ETAETF are responding positively to the comments made by SEC and are planning to submit a response within the week.
QCP Capital指出,期权市场目前显示出乐观情绪,观察到不同期限的上涨期权交易非常活跃。此外,QCP Capital还预测道,以太坊现货ETF上市后,ETH价格有望接近4,800美元的历史高点:“尽管市场对以太坊现货ETF的接纳程度存在不确定性,但若能捕捉比特币现货ETF的10%~20%流量,将可能推动ETH价格超过4,000美元,并接近其历史高点4,800美元。”
QCP Capital states that the options market is currently showing optimism, observing very active options trading over different periods of time. In addition, QCP Capital also predicts that the prices of ETH are expected to be close to US$4,800 in historical highs when ETFs are marketed in the Pacific: “ and that, despite uncertainty about the market's acceptance of ETFs in the Pacific, capture of 10 to 20 per cent of current ETFs in Bitcoin would likely drive the prices of ETH above US$4,000 and close to its historical high of US$4,800. & & rdquao
隐含波动率(Implied Volatility,IV)是指从期权价格中反推出来的预期波动率。它反映了市场对标的资产未来价格波动程度的预期。具体而言,隐含波动率表示投资者对未来一段时间内,资产价格变动幅度的看法。当隐含波动率上升时,这通常意味着市场预期标的资产价格将出现更大的波动;相反,当隐含波动率下降时,则意味着市场预期价格波动将减少。
The implicit rate of volatility (Implied Volatility, IV) refers to the expected rate of volatility from options prices. It reflects market expectations of the extent of future price volatility of the targeted asset. Specifically, the implied rate represents investors’ perception of the extent of changes in asset prices over time. When the implied rate rises, this usually means that the asset prices of the expected target in the market will fluctuate more; on the contrary, when the implied rate falls, it means that the expected price volatility in the market will decrease.
SEC将结束对以太坊调查
SEC will close the Etherkom survey
根据先前报导,小狐狸钱包Metamask母公司Consensys在4月收到SEC的威尔斯通知,SEC认定Consensys是未经许可经纪交易商,意图以MetaMask钱包违反证券法为由,采取执法行动。
According to previous reports, Consensys, the Fox Wallet Metamask parent company, had received a notification from SEC in April that the SEC had identified Consensys as an unauthorized broker with the intention of taking enforcement action on the ground that the MetaMask Wallet was in violation of securities law.
为了捍卫以太坊生态系,Consensys也在该月向SEC提告,指控SEC意图将以太坊认定为证券,是对以太坊的“非法夺权”,要求法院能宣布以太坊并非证券,并主张任何基于以太坊是证券的前提、而对ConSenSys展开的调查,都将违反行政程序。
In order to defend the Etherm ecosystem, Consensys also filed a complaint with the SEC that month, alleging that the SEC intended to identify the ether as securities, as & & & & & & & & & & & & & ; that the court was required to declare that the etherms were not securities and that any investigation into ConSenSys based on the premise that the etherms were securities would violate administrative procedures.
而在经过两个月的沉寂后,Consensys昨日稍早发推宣布,SEC将结束对以太坊的调查,且不会指控以太坊销售属于证券交易行为:“今天我们很高兴地宣布,以太坊开发者、技术提供者和产业参与者取得了重大胜利:SEC执法部门已通知我们,正结束对以太坊2.0的调查,这意味着SEC不会指控ETH销售属于证券交易。”
After two months of silence, Consensy announced earlier yesterday that SEEC would close the investigation into Etheria and would not charge Ether sales as securities trading: “ today we are pleased to announce that Ether developers, technology providers and industry participants have won a major victory: SEC enforcement has informed us that it is closing the investigation into Ether 2.0, which means that SEC will not accuse Ethlet sales of Ether trading as securities.
以太坊现货ETF发行商将于周五前回应SEC评论
ETF issuer in Taiku will respond to the SEC Review by Friday
与此同时,根据The Block报导,两名知情人士透露,以太坊现货ETF发行商已在上周从SEC收到关于S-1文件的评论,并计划在本周五前提交回覆,一家发行商的消息人士表示,最新一轮的评论“合理”,期待尽快获批,另一家发行商的消息人士则称这些评论“很轻松”
At the same time, according to the report by The Block, two informed sources revealed that the Ethera spot ETF issuer had received comments on the S-1 document from SEC last week and planned to submit a reply by Friday, with one publisher stating that the latest round of comments & & ldquao; reasonable & rdquao; looking forward to approval as soon as possible and another issuer calling them & & ldquao; easy & & rdquao;
此前,一向紧追ETF动态的彭博分析师Eric Balchunas在15日发文预测,将以太坊现货ETF推出日期提前至7月2日:“我们将以太坊现货ETF的推出日期提前到7月2日。听说今天工作人员(SEC)向发行商提供了S-1表格的评论,这些评论内容很简短,并无大问题,要求在一周内回应。”
Previously, Eric Balchunas, the Bloomberg analyst who had been following the ETF dynamic, had sent a 15-day communication forecast that the ETF roll-out date would be advanced to 2 July: & & ldquo; we would advance the roll-out date of the ETF as well as to 2 July. It was reported that today staff members (SEC) had provided issuers with comments on the S-1 form, which were brief and without major problems, and requested a response within a week.
随着众多机构和分析师释出SEC对以太坊现货ETF审批进度的消息,我们距离以太坊现货ETF上市越来越近。然而,加密货币市场能否藉由以太坊现货ETF的上市来摆脱持续下跌的低迷情绪,仍需持续关注。
As many agencies and analysts shed light on the status of Ether's spot ETF approval, we are getting closer and closer to Ether's spot ETF listing. However, there is still a need for sustained attention as to whether the crypto-money market will be able to escape the downside of the continuing decline by placing ETF on the market.
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