Solana ETF：Solana 生態系中的交易所交易基金指南

ETF（交易所交易基金）的推出標誌著快速崛起的加密貨幣產業邁出了一大步。雖然大多數投資者都關注

Exchange-traded funds (ETFs) have played a pivotal role in merging the traditional and digital finance worlds. These investment products offer a convenient and regulated way for investors to gain exposure to various asset classes, including cryptocurrencies. As the crypto industry continues to expand rapidly, several ETFs are being introduced to track the performance of prominent digital assets.

交易所交易基金（ETF）在融合傳統金融世界和數位金融世界方面發揮了關鍵作用。這些投資產品為投資者提供了一種便捷且受監管的方式來投資各種資產類別，包括加密貨幣。隨著加密貨幣產業持續快速擴張，一些 ETF 被引入來追蹤知名數位資產的表現。

Among the emerging crypto ETFs, those tracking Solana (SOL) have garnered significant attention from both retail and institutional investors. In this article, we will delve into Solana ETFs, exploring their mechanics, types, and the key companies involved in their creation and offering. We will also highlight the benefits and risks associated with investing in Solana ETFs.

在新興的加密貨幣 ETF 中，追蹤 Solana (SOL) 的ETF 吸引了散戶和機構投資者的極大關注。在本文中，我們將深入研究 Solana ETF，探討其機制、類型以及參與其創建和發行的主要公司。我們還將重點介紹與投資 Solana ETF 相關的收益和風險。

Solana ETFs Explained

Solana ETF 解釋

Solana ETFs are new investment vehicles that are traded on leading stock exchanges like shares of stock. These ETFs track the performance of Solana’s native token, SOL. Being listed on trusted stock exchanges allows traditional investors to gain exposure to the Solana ecosystem in a regulated manner.

Solana ETF 是新的投資工具，可像股票一樣在主要證券交易所進行交易。這些 ETF 追蹤 Solana 原生代幣 SOL 的表現。在值得信賴的證券交易所上市使傳統投資者能夠以受監管的方式接觸 Solana 生態系統。

Moreover, Solana ETFs are overseen by tier-1 regulators like the US Securities and Exchange Commission (SEC), ensuring that investors’ funds are protected within the legal framework.

此外，Solana ETF 受到美國證券交易委員會 (SEC) 等一級監管機構的監管，確保投資者的資金在法律框架內受到保護。

Trading Mechanism

交易機制

As mentioned earlier, Solana ETFs are listed as shares on stock exchanges. Investors can then trade those shares using their conventional brokerage accounts. Like other financial instruments, Solana ETFs’ shares are subject to demand and supply, meaning their prices fluctuate based on these market forces.

如前所述，Solana ETF 在證券交易所以股票形式上市。然後，投資者可以使用他們的傳統經紀帳戶交易這些股票。與其他金融工具一樣，Solana ETF 的股票受需求和供應的影響，這意味著它們的價格會根據這些市場力量而波動。

What separates Solana ETFs from cryptocurrencies is that they are highly liquid, allowing investors to enter and exit the market seamlessly. This liquidity is crucial for investors who may need to adjust their positions quickly or for those who prefer to trade frequently.

Solana ETF 與加密貨幣的區別在於它們具有高度流動性，允許投資者無縫進入和退出市場。這種流動性對於可能需要快速調整部位的投資者或喜歡頻繁交易的投資者來說至關重要。

Solana ETF Mechanics

Solana ETF 機制

Here is a closer look at how Solana ETFs are created and redeemed:

以下是 Solana ETF 的創建和贖回方式的詳細介紹：

Authorized participants, who are typically large financial institutions, create shares for Solana ETFs.

授權參與者（通常是大型金融機構）為 Solana ETF 創建股票。

These participants then transfer a specific amount of SOL to the custodian of the Solana ETF. This custodian is responsible for holding the underlying asset (SOL) in a secure manner.

然後，這些參與者將特定數量的 SOL 轉移給 Solana ETF 的託管人。該託管人負責以安全的方式持有標的資產 (SOL)。

Upon confirmation of the deposited SOL, the Solana ETF provider issues shares to the authorized participants.

確認存入的 SOL 後，Solana ETF 提供者向授權參與者發行股票。

After that, the participants introduce the issued shares to the market upon regulatory approval. These shares can then be purchased and sold by any interested investors.

之後，參與者在監管部門批准後將發行的股票引入市場。然後任何有興趣的投資者都可以購買和出售這些股票。

To redeem their ETF shares, authorized participants are required to send redemption requests to ETF providers.

要贖回其 ETF 份額，授權參與者必須向 ETF 提供者發送贖回請求。

If the requests are approved, the ETF shares set to be redeemed are removed from the market and authorized participants receive an equivalent amount of SOL tokens from the custodian.

如果請求獲得批准，待贖回的 ETF 股份將從市場上移除，授權參與者將從託管人收到等量的 SOL 代幣。

Types of Solana ETFs

Solana ETF 的類型

Similar to Ethereum and Bitcoin exchange-traded funds, Solana ETFs are broadly categorized into two types:

與以太坊和比特幣交易所交易基金類似，Solana ETF 大致分為兩類：

Solana futures ETFs: Issuers of these funds invest in Solana futures contracts instead of holding SOL in their reserves. This approach allows them to amplify their exposure to Solana’s price movements and potentially generate higher returns. However, it also introduces a new layer of risk, as the performance of these ETFs will be tied to the futures market.

Solana 期貨 ETF：這些基金的發行人投資於 Solana 期貨合約，而不是在其儲備中持有 SOL。這種方法使他們能夠擴大對 Solana 價格變動的敞口，並有可能產生更高的回報。然而，它也帶來了新的風險，因為這些 ETF 的表現將與期貨市場連結。

Solana spot ETFs: These investment products track traditional SOL price movements. The underlying asset in these ETFs is physical SOL, which is held in custody throughout the fund's life. Spot ETFs offer a more direct way to gain exposure to Solana's price performance.

Solana 現貨 ETF：這些投資產品追蹤傳統 SOL 價格變動。這些 ETF 的標的資產是實體 SOL，在基金的整個生命週期中都受到託管。現貨 ETF 提供了一種更直接的方式來了解 Solana 的價格表現。

Top Companies Dealing in Solana Exchange-Traded Funds

交易 Solana 交易所交易基金的頂級公司

Several companies are actively engaged in creating and offering Solana ETFs to investors. Here are some of the prominent players in this domain:

多家公司正在積極參與創建並向投資者提供 Solana ETF。以下是該領域的一些傑出參與者：

3iQ Digital Asset Management: This company issues the QSOL ETF in the Canadian market via the Toronto Stock Exchange. The ETF provides a convenient way for Canadian investors to add Solana to their portfolios.

3iQ Digital Asset Management：該公司透過多倫多證券交易所在加拿大市場發行QSOL ETF。該 ETF 為加拿大投資者將 Solana 添加到其投資組合中提供了便捷的方式。

VanEck: VanEck’s Solana ETF, known as VSOL, is available for German investors via the Deutsche Borse Exchange. This ETF offers a regulated and transparent platform to gain exposure to Solana.

VanEck：VanEck 的 Solana ETF（稱為 VSOL）可透過德意志交易所開放給德國投資者。該 ETF 提供了一個受監管且透明的平台來獲得 Solana 的投資。

WisdomTree: This company offers its Solana ETF, designated as SOLW, to European investors. SOLW is tradable on various exchanges, including SIX Swiss Exchange, Euronext Paris, and XETRA. This broad listing enables investors across multiple European markets to access the ETF.

WisdomTree：該公司向歐洲投資者提供 Solana ETF，指定為 SOLW。 SOLW 可在多個交易所進行交易，包括瑞士六所交易所、巴黎泛歐交易所和 XETRA。廣泛的上市使多個歐洲市場的投資者能夠參與該 ETF。

21Shares: The ASOL ETF, issued by 21Shares, is available only in Switzerland, and it is tradable on the SIX Swiss Exchange. This ETF caters specifically to the Swiss market, offering a regulated way to invest in Solana.

21Shares：ASOL ETF 由 21Shares 發行，僅在瑞士上市，並可在瑞士六所交易所交易。該 ETF 專門針對瑞士市場，提供受監管的 Solana 投資方式。

It is important to note that numerous Solana ETFs are still awaiting regulatory approval in the United States. Among them are 21Shares’ Core Solana ETF and VanEck’s Solana Trust. These ETFs are expected to be launched once they receive the green light from the relevant authorities.

值得注意的是，許多 Solana ETF 仍在等待美國監管機構的批准。其中包括 21Shares 的 Core Solana ETF 和 VanEck 的 Solana Trust。這些ETF預計將在獲得有關當局批准後推出。

Why Invest in Solana ETFs?

為何投資 Solana ETF？

There are several benefits to considering Solana ETFs as part of your investment strategy:

將 Solana ETF 作為投資策略的一部分有幾個好處：

Liquidity: As mentioned earlier, Solana ETF markets have deep liquidity, making the trading of shares convenient and efficient. This liquidity is a crucial factor for investors who may need to adjust their positions quickly or for those who prefer to trade frequently.

流動性：如前所述，Solana ETF 市場具有深厚的流動性，使得股票交易便捷有效率。對於可能需要快速調整部位的投資者或喜歡頻繁交易的投資者來說，這種流動性是一個至關重要的因素。

Diversification: Solana ETFs allow investors

多元化：Solana ETF 讓投資者