Solana（Sol）期貨ETF首次亮相，可能為Spot Solana ETF鋪平道路

加密行業將首次亮相第一個Solana Futures交換基金（ETF），這是一個重大發展，可能為第一個Solana Spot ETF鋪平道路

Industry insiders are eagerly anticipating the debut of the first Solana futures exchange-traded fund (ETF), which is set to launch on March 20. This development may pave the way for the first Solana spot ETF, seen as the “next logical step” for crypto-based trading products.

行業內部人士熱切期望將於3月20日推出的第一個Solana Futures交換基金（ETF）的首次亮相。這一發展可能為第一個Solana Spot ETF鋪平了道路，這是基於加密貨幣的貿易產品的“下一個邏輯步驟”。

As previously reported by Blockworks, Volatility Shares will be listing two Solana (SOL) futures ETFs—the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT)—on March 20.

正如BlockWorks先前報導的那樣，波動率股票將在3月20日列出兩個Solana（Sol）期貨ETF（SOLANA ETF（SOLZ）和波動率2X Solana ETF（SOLT））。

This launch could bring significant new institutional adoption for the SOL token, according to Ryan Lee, chief analyst at Bitget Research.

Bitget Research首席分析師Ryan Lee表示，這一發布可能會為SOL令牌帶來大量的新機構採用。

Volatility Shares Solana ETF SEC filing. Source: SEC

波動性共享Solana ETF SEC歸檔。資料來源：秒

The analyst told Cointelegraph:

分析師告訴Cointelegraph：

The Solana ETF will grow institutional adoption by “offering a regulated investment vehicle, attracting billions in capital and reinforcing Solana’s competitiveness against Ethereum,” said Lee, adding that “Ethereum’s entrenched ecosystem remains a formidable barrier.”

Lee說：“ Solana ETF將通過“提供受監管的投資工具，吸引數十億美元的資本並增強Solana對以太坊的競爭力”來增加機構的採用。”

However, other industry participants are concerned that the Solana futures ETF will lead to investor disappointment due to a lack of inflows, as we’ve seen with the spot Ether ETF launch, which was only a “sidekick” to Bitcoin ETFs in terms of inflows, according to Bloomberg’s senior ETF analyst, Eric Balchunas.

但是，其他行業參與者擔心，正如我們在現貨ETHER ETF發布中所見，Solana Futures ETF將由於缺乏流入而導致投資者失望，這只是彭博社ETF分析師Ericbalchunas，這只是對比特幣ETF的“搭檔”。

Solana futures ETF may see disappointing inflows, but spot Solana ETFs may be next

Solana Futures ETF可能會看到令人失望的流入，但是Spot Solana ETF可能是下一個

While the futures ETF may not bring significant inflows, it legitimizes Solana’s status as a top cryptocurrency, especially after US President Donald Trump announced that his Working Group on Digital Assets would include Solana in the US crypto strategic reserve, along with Cardano’s (ADA) token and XRP (XRP).

儘管Futures ETF可能不會帶來大量流入，但它使Solana的地位合法化，尤其是在美國總統唐納德·特朗普宣布他的數字資產工作組以及Cardano（ADA）（ADA）和XRP（XRP）以及Cardano的戰略儲備中的Solana將包括Solana。

“Solana ETFs are in motion creating the possible avenues for more wide-scale adoption,” according to Anmol Singh, co-founder of Bullet, a Solana-native perpetual futures decentralized exchange.

根據Solana-Native永久性期貨交換交易所Bullet的聯合創始人Anmol Singh表示：“ Solana ETF正在運動創造了更多廣泛採用的途徑。”

Singh told Cointelegraph:

辛格告訴Cointelegraph：

“We can expect moderate inflows into the futures ETF - spot ETF is generally a better instrument for getting exposure and that will be the major milestone,” he added.

他補充說：“我們可以預期進入期貨ETF的中等流入 - 斑點ETF通常是獲得曝光的更好工具，這將是主要的里程碑。”

Trump-linked WLFI triples Ether holdings, Solana sees $485M outflows: Finance Redefined

與特朗普相關的WLFI三元組持有，Solana看到了4.85億美元外流：金融重新定義

According to a JPMorgan report, the adoption rate of futures ETFs is difficult to measure, but a spot Solana ETF may attract between $3 billion to $6 billion of net assets in the first six months, eclipsing the adoption rate of Ether ETFs.

根據摩根大通的一份報告，很難衡量期貨ETF的採用率，但是在頭六個月內，現貨Solana ETF可能會吸引30億至60億美元的淨資產，從而黯然失色的Ether ETF的採用率。

SOL and XRP ETPs could attract $3–8 billion. Source: JP Morgan

SOL和XRP ETP可以吸引3-8億美元。資料來源：JP Morgan

“When applying these so-called ‘adoption rates’ to SOL and XRP, we see SOL attracting roughly $3 billion-$6 billion of net assets and XRP gathering $4 billion-$8 billion in net new assets,” the report stated.

報告說：“在將這些所謂的“收養率”應用於SOL和XRP時，我們看到SOL吸引了大約30億美元 - 60億美元的淨資產，而XRP收集了40億美元 - 80億美元的新資產。”

However, “the timeline could extend into 2026 due to the SEC’s precedent of taking […] 240–260 days to review filings,” James Seyffart, Bloomberg Intelligence analyst, said on Jan. 16.

但是，“由於SEC的先例240–260天，時間表可以擴展到2026年，”彭博情報分析師James Seyffart於1月16日表示。