Solana（Sol）期貨合約剛剛在CME上啟動

索拉納（Solana）已經是機構投資者中最受歡迎的人，他剛剛得到了唐納德·特朗普（Donald Trump）的嚴重提升，唐納德·特朗普（Donald Trump）將其置於美國戰略加密貨幣之列。

Donald Trump's crypto preferences are no secret. In a recent post on Truth Social, the former President showcased his favorite digital currencies, among which appeared Bitcoin, Ethereum, Litecoin, and…Solana.

唐納德·特朗普（Donald Trump）的加密喜好不是秘密的。在最近關於真相社會的文章中，這位前總統展示了他最喜歡的數字貨幣，其中包括比特幣，以太坊，萊特幣和……索拉納。

A significant step for the altcoin, which is now taking another crucial stage with the arrival of its futures contracts on the Chicago Mercantile Exchange (CME). An event that could well pave the increments for a highly anticipated Solana ETF by the market.

對於Altcoin來說，這是一個重要的一步，該甲幣目前正處於另一個關鍵階段，其期貨合同到芝加哥商業交易所（CME）。很可能會為市場上備受期待的Solana ETF增量的事件。

Solana makes a strong entry into the futures market

索拉納（Solana）強大進入期貨市場

On Sunday, March 17, the CME welcomed the very first futures contracts for Solana. A strong signal for the institutional adoption of the digital asset, which is thus joining Bitcoin and Ethereum on the famous financial derivatives platform. Two types of contracts are offered: one for large institutions, representing 500 SOL, and another more accessible to individual traders, covering 25 SOL.

3月17日，星期日，CME歡迎Solana的第一筆期貨合約。機構採用數字資產的強烈信號，因此，該資產在著名的金融衍生品平台上加入了比特幣和以太坊。提供了兩種類型的合同：一種用於大型機構，代表500舊金山，另一種是個人交易者更容易獲得的合同，覆蓋25 sol。

From day one, nearly 40,000 SOL, or about 5 million dollars, were traded on the CME.

從第一天開始，在CME上交易了近40,000輛溶膠或約500萬美元。

A promising start, although some observers, like Jack Kubinec, note a slight downward price shift on the contracts. Indeed, April futures traded at 127 dollars per SOL, which is 2 dollars less than those in March. A caution that might reflect a market waiting for more volume.

儘管有些觀察員（例如傑克·庫比尼克（Jack Kubinec））注意到合同的下降價格變化略有下跌。的確，四月期貨以每輛溶膠的127美元交易，比三月份的交易少2美元。警告可能反映出市場等待更多數量的市場。

Chris Chung, founder of the exchange platform Titan, does not hide his enthusiasm:

Exchange Platform Titan的創始人Chris Chung並沒有隱藏他的熱情：

“Solana has come a long way in five years. Its futures arrive on the CME today, and the ETFs will follow closely.”

“索拉納（Solana）在五年內已經走了很長一段路。

An optimism shared by many investors, who see in this evolution a doorway to new financial products based on Solana.

許多投資者的樂觀情緒，他們在這種演變中看到了基於Solana的新金融產品的門口。

However, a question arises: is the trading volume sufficient to convince the SEC to expedite the approval of a Solana ETF?

但是，出現了一個問題：交易量是否足以說服SEC加快Solana ETF的批准？

As Jack Kubinec points out on X, only 110 contracts were traded on the first day, far from what the regulatory body considers a “significant size” market.

正如傑克·庫比尼克（Jack Kubinec）在X上指出的那樣，第一天僅交易了110個合同，遠離監管機構認為“大小”市場的遠方。

Towards a crypto ETF on Solana: an uncertain bet?

邁向有關Solana的加密ETF：一個不確定的賭注？

The arrival of futures on Solana reignites the debate on the creation of a crypto ETF based on SOL, a key issue for its adoption by the general public and institutional investors. To date, five ETF issuers have filed applications with the SEC to list a Solana spot ETF.

Futures on solana的到來重新點燃了基於SOL創建加密ETF的辯論，這是公眾和機構投資者採用的關鍵問題。迄今為止，五位ETF發行人已向SEC提出申請，以列出Solana Spot ETF。

The regulatory authority will have until October 2025 to render its verdict.

監管機構必須在2025年10月之前作出裁決。

Why such enthusiasm around crypto ETFs? Simply because they facilitate access to digital assets without requiring the direct purchase of tokens. A mechanism that has already allowed Bitcoin and Ethereum to attract a massive influx of capital when they obtained their own ETF.

為什麼對加密ETF的熱情如此熱情？僅僅因為它們便利地不需要直接購買令牌就可以訪問數字資產。一種機制已經允許比特幣和以太坊在獲得自己的ETF時吸引大量資本。

But the SEC has not yet given a clear signal regarding its position on Solana.

但是SEC尚未就其在Solana的位置發出明確的信號。

The key element lies in the strength of the regulated futures market. Futures contracts play a crucial role as they serve as an indicator for the underlying assets. However, to obtain an ETF, Solana will have to prove that its futures on the CME reach a critical size.

關鍵要素在於受監管的期貨市場的實力。期貨合約起著至關重要的作用，因為它們是基礎資產的指標。但是，要獲得ETF，Solana必須證明其CME上的未來達到了臨界大小。

Some analysts, like Jack Kubinec, remain cautious due to the low volume of early trades on the CME, which could dampen the SEC’s enthusiasm. On the other hand, major players like FalconX and StoneX do not hide their optimism.

由於CME的早期交易量較低，一些分析師，例如傑克·庫比尼克（Jack Kubinec），仍然謹慎，這可能會抑制SEC的熱情。另一方面，像Falconx和Stonex這樣的主要參與者不會隱藏他們的樂觀情緒。

FalconX even executed the very first block trade on SOL futures, highlighting its aim to become the go-to institutional gateway for the crypto market.

Falconx甚至執行了Sol Futures的第一個障礙貿易，強調了其目標是成為加密貨幣市場的機構門戶。

It remains to be seen whether Solana will manage to attract enough traders to convince the SEC to take the plunge. After all, Bitcoin and Ethereum have already shown the way… So, will Solana be the next chosen one in the crypto market?

索拉納（Solana）是否會設法吸引足夠的交易者說服SEC進行比賽，還有待觀察。畢竟，比特幣和以太坊已經顯示出了道路……那麼，索拉納會成為加密貨幣市場中的下一個選擇的人嗎？

Regarding the Solana ETF, VanEck estimates that there is an 85% chance of it being approved in 2025. By then, the market will have to prove that Solana is well-established among the big players.

關於Solana ETF，Vaneck估計有85％的機會在2025年獲得批准。到那時，市場將不得不證明Solana在大型球員中已經建立了良好。

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