多個公司向SEC提交Solana（SOL）ETF申請，審核過程開始

多家金融公司已向Solana Exchange交易基金（ETF）提交了申請，這標誌著加密貨幣與傳統財務的一體化的新階段。

Multiple financial firms, including VanEck, 21Shares, Bitwise, and Canary Capital, have submitted applications for Solana (SOL) exchange-traded funds (ETFs) with the Securities and Exchange Commission (SEC). These submissions follow Grayscale’s earlier filing for a Solana ETF, which was added to the Federal Register on February 12, 2025.

包括Vaneck，21shares，Bitwise和Canary Capital在內的多家金融公司已向美國證券交易委員會（SEC）提交了Solana（Sol）交易所交易基金（ETF）的申請。這些提交的內容是在Grayscale早先提交的SOLANA ETF文件之後，該文件於2025年2月12日添加到聯邦登記冊中。

The filings mark a new stage in the integration of cryptocurrency with traditional finance. The SEC now has 240 days to review these proposals, setting up a series of key decisions expected by October 2025.

這些文件標誌著加密貨幣與傳統金融的整合中的一個新階段。 SEC現在有240天的時間來審查這些建議，並在2025年10月之前製定了一系列預期的關鍵決策。

Multiple financial firms have submitted applications for Solana (SOL) exchange-traded funds (ETFs) with the Securities and Exchange Commission (SEC). These submissions follow Grayscale’s earlier filing for a Solana ETF, which was added to the Federal Register on February 12, 2025.

多家金融公司已向美國證券交易委員會（SEC）提交了Solana（SOL）交易所交易基金（ETF）的申請。這些提交的內容是在Grayscale早先提交的SOLANA ETF文件之後，該文件於2025年2月12日添加到聯邦登記冊中。

The filings mark a new stage in the integration of cryptocurrency with traditional finance. The SEC now has 240 days to review these proposals, setting up a series of key decisions expected by October 2025.

這些文件標誌著加密貨幣與傳統金融的整合中的一個新階段。 SEC現在有240天的時間來審查這些建議，並在2025年10月之前製定了一系列預期的關鍵決策。

The applications from VanEck, 21Shares, Bitwise, and Canary Capital were added to the Federal Register on February 18, 2025. These filings follow a sequence of events that began early February. On February 6, the SEC acknowledged Grayscale’s Solana ETF amendment, which was later followed by the four additional filings on February 11. This established a clear regulatory timeline for all five proposals.

Vaneck，21shares，Bitwise和Canary Capital的申請於2025年2月18日添加到聯邦公報中。這些文件遵循了2月初開始的一系列事件。 2月6日，美國證券交易委員會（SEC）承認了灰度的Solana ETF修正案，隨後於2月11日額外提交了四份文件。這為所有五個建議建立了明確的監管時間表。

The path to potential approval comes during a challenging period for Solana. The cryptocurrency experienced a 42% decline year-to-date as of February 18, 2025, partly due to market reaction to events surrounding the LIBRA memecoin promotion by Argentinian President Javier Milei.

潛在批准的途徑是在索拉納（Solana）充滿挑戰的時期。截至2025年2月18日，該加密貨幣的年度下降了42％，部分原因是阿根廷總統總統賈維爾·米利（Javier Milei）對天秤座紀念促進的事件的市場反應。

However, market analysts have expressed optimism about the approval chances. According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the probability of approval for the Solana ETFs stands at 70%. This estimate could increase if current legal challenges regarding SOL’s classification as a security are resolved.

但是，市場分析師對批准機會表示樂觀。根據彭博ETF分析師Eric Balchunas和James Seyffart的說法，Solana ETF的批准可能性為70％。如果解決有關SOL的分類為安全性的當前法律挑戰，則該估計可能會增加。

Moreover, data from Polymarket shows even higher confidence, placing the approval probability at 84% for 2025. This market sentiment reflects growing optimism in the cryptocurrency sector following recent regulatory developments.

此外，來自Polymarket的數據顯示出更高的信心，將批准概率置於2025年的84％。這種市場情緒反映了最近的監管發展後加密貨幣行業的樂觀情緒的日益增長。

The SEC’s current approach to cryptocurrency regulation appears to be evolving. The commission has reduced its aggressive stance on crypto-related lawsuits, which many observers interpret as a positive sign for ETF approvals.

SEC當前的加密貨幣調節方法似乎正在發展。該委員會減少了對加密相關訴訟的積極立場，許多觀察家將其解釋為ETF批准的積極信號。

Solana Price Analysis

Solana價格分析

The price of Solana’s native token (SOL) has shown resilience during this period. As of the latest market data, SOL trades at $172.83, recording a 0.77% increase over 24 hours and a 42% decrease year-to-date, according to CoinMarketCap.

在此期間，Solana的本地令牌（SOL）的價格顯示出彈性。根據CoinMarketCap的數據，從最新的市場數據開始，SOL的交易價格為172.83美元，在24小時內增長了0.77％，降低了42％。

Solana’s native token experienced a 42% decline year-to-date as of February 18, 2025, partly due to market reaction to events surrounding the LIBRA memecoin promotion by Argentinian President Javier Milei.

截至2025年2月18日，Solana的原住民代幣年度下降了42％，部分原因是阿根廷總統賈維爾·米利（Javier Milei）對天秤座紀念促進的事件的市場反應。

The broader cryptocurrency ETF landscape continues to evolve. Late 2024 predictions from Balchunas and Seyffart suggested a wave of crypto ETF approvals might include other tokens like Hedera (HBAR), Litecoin (LTC), and XRP.

更廣泛的加密貨幣ETF景觀不斷發展。 2024年末，Balchunas和Seyffart的預測表明，一波加密ETF批准可能包括其他令牌，例如Hedera（HBAR），Litecoin（LTC）和XRP。

Canary Capital, which is also behind the upcoming AXL trust, filed for the ETF on February 18. The trust will offer institutional and accredited investors exposure to solana (SOL) tokens, with Coinbase as the designated custodian.

Canary Capital也是即將到來的AXL Trust的背後，於2月18日為ETF申請。該信託將以Coinbase為指定的託管人提供機構和認可的投資者對Solana（Sol）代幣的曝光率。

This marks the first investment vehicle focused on blockchain interoperability protocols. By early 2025, Axelar had established itself as the 11th largest blockchain by total value locked (TVL), which exceeded $1 billion.

這標誌著第一個專注於區塊鏈互操作性協議的投資工具。到2025年初，Axelar以總價值鎖定（TVL）為第11大區塊鏈（超過10億美元）。

Multiple financial firms, including major investment firms like Pantera Capital, expressed support for solana in the ETF market. Each applicant brings unique features to their ETF proposals, which could influence the SEC’s decision-making process as they evaluate the applications over the coming months.

包括Pantera Capital等主要投資公司在內的多家金融公司在ETF市場上表示對Solana的支持。每個申請人都為他們的ETF提案帶來了獨特的功能，這可能會影響SEC在未來幾個月評估申請時的決策過程。

The October 16, 2025, deadline for Grayscale’s application serves as a key date for the industry. This decision could set precedents for subsequent Solana ETF applications and future cryptocurrency investment products.

2025年10月16日，Grayscale應用程序的截止日期是該行業的關鍵日期。該決定可以為隨後的Solana ETF應用程序和未來的加密貨幣投資產品樹立先例。

The current review process follows established SEC procedures, which entail thorough evaluation of each application’s compliance with regulatory standards, investor protection measures, and market manipulation safeguards.

當前的審查過程遵循已建立的SEC程序，該程序需要對每個應用程序遵守監管標準，投資者保護措施和市場操縱保護措施進行徹底評估。