Solana 和 XRP 現貨 ETF：SEC 採取謹慎態度後的預期

在金融監管機構批准以太坊現貨 ETF 幾個月後，投資者之間的話題轉向了下一步。 SEC 會繼續擴大加密 ETF 的範圍嗎？ Solana 和 XRP 是未來 ETF 的兩個有希望的候選人。

As the Securities and Exchange Commission (SEC) edges closer to approving bitcoin spot exchange-traded funds (ETFs), a heated discussion has gripped investors: what's next? Among the promising candidates for future ETFs are Solana and XRP. Here's a closer look at what these potential offerings could意味着 for the market.

隨著美國證券交易委員會（SEC）越來越接近批准比特幣現貨交易所交易基金（ETF），投資者開始熱烈討論：下一步是什麼？ Solana 和 XRP 是未來 ETF 有希望的候選人之一。以下是這些潛在產品對市場可能產生的影響的詳細分析。

Solana and Solana ETFs: What are they?

Solana 和 Solana ETF：它們是什麼？

Solana, founded in 2017, is a high-performance blockchain network that caters to decentralized applications (dApps). Renowned for its speed, Solana can process transactions at a much higher rate compared to other blockchains like ethereum. While ethereum handles around 12-15 transactions per second, Solana claims to support up to 50,000 transactions per second, ranking among the fastest blockchain networks in the market. Additionally, Solana offers lower transaction fees, making it even more appealing to developers and users.

Solana 成立於 2017 年，是一個面向去中心化應用程式 (dApp) 的高效能區塊鏈網路。 Solana 以其速度而聞名，與以太坊等其他區塊鏈相比，它可以以更高的速度處理交易。雖然以太坊每秒處理約 12-15 筆交易，但 Solana 聲稱每秒支援高達 50,000 筆交易，躋身市場上最快的區塊鏈網路之列。此外，Solana 提供較低的交易費用，這使其對開發人員和用戶更具吸引力。

Thanks to its speed and cost-efficiency, Solana has gained steam as a major competitor to ethereum — it's often dubbed as the “ethereum killer.” Its native token, known as Solana or SOL, serves as the lifeblood of the network, facilitating transactions, securing the chain, and rewarding participants. As of early October, it trades at $137, up nearly 500% from last year, when it was priced at $23.

憑藉其速度和成本效益，Solana 已成為以太坊的主要競爭對手——它通常被稱為「以太坊殺手」。其原生代幣被稱為 Solana 或 SOL，是網路的命脈，促進交易、保護鏈並獎勵參與者。截至 10 月初，其交易價格為 137 美元，比去年的 23 美元上漲了近 500%。

A Solana ETF, if approved, would be an exchange-traded fund that tracks the price of SOL, giving investors a way to gain exposure to Solana's ecosystem without needing to directly purchase and hold SOL tokens. This would allow traditional investors to tap into Solana's growth potential through a more familiar investment vehicle.

Solana ETF 如果獲得批准，將成為追蹤 SOL 價格的交易所交易基金，為投資者提供一種無需直接購買和持有 SOL 代幣即可接觸 Solana 生態系統的方式。這將使傳統投資者能夠透過更熟悉的投資工具挖掘 Solana 的成長潛力。

XRP and XRP ETFs: What are they?

XRP 和 XRP ETF：它們是什麼？

XRP is the native token of the XRP Ledger, an open-source blockchain. It's utilized by the Ripple payment network to power cross-border transactions and is designed to act as a bridge currency. It's crucial to note that Ripple, the company, operates the network but does not own XRP. Unlike bitcoin, which has a capped supply of 21 million coins, XRP has a total supply of 100 billion tokens. It currently trades at $0.52, down 3% from the previous year.

XRP 是開源區塊鏈 XRP Ledger 的原生代幣。 Ripple 支付網路利用它來支援跨境交易，並旨在充當橋樑貨幣。值得注意的是，Ripple 公司經營該網絡，但並不擁有 XRP。與比特幣的供應上限為 2,100 萬枚不同，XRP 的總供應量為 1,000 億枚。目前其交易價格為 0.52 美元，較前一年下跌 3%。

If the XRP ETF receives approval from the SEC, it will track the price of XRP, providing investors with a means to gain exposure to the XRP ecosystem without having to directly purchase and hold XRP tokens.

如果 XRP ETF 獲得 SEC 的批准，它將追蹤 XRP 的價格，為投資者提供一種無需直接購買和持有 XRP 代幣即可接觸 XRP 生態系統的方法。

Together, XRP and Solana are two of the most valuable cryptocurrencies in the market, with a combined market capitalization of over $75 billion. Both tokens have faced legal challenges and regulatory scrutiny over the years. However, they remain popular among investors due to their potential to facilitate transactions and decentralized applications.

XRP 和 Solana 是市場上最有價值的兩種加密貨幣，總市值超過 750 億美元。多年來，這兩種代幣都面臨法律挑戰和監管審查。然而，由於其促進交易和去中心化應用程式的潛力，它們仍然受到投資者的歡迎。

Solana and XRP ETFs have the potential to attract a wider range of investors and provide greater liquidity in the cryptocurrency market. But will they get the SEC's nod? Let's delve deeper into the regulatory landscape.

Solana 和 XRP ETF 有潛力吸引更廣泛的投資者，並為加密貨幣市場提供更大的流動性。但他們會得到 SEC 的認可嗎？讓我們更深入地研究監管環境。

Solana and XRP ETFs: Will they get SEC approval?

Solana 和 XRP ETF：它們會獲得 SEC 批准嗎？

The SEC has historically approached cryptocurrency ETFs with caution, prioritizing investor protection and regulatory compliance. However, the recent approval of bitcoin spot ETFs has opened the door for other cryptocurrencies like Solana and XRP to follow suit.

美國證券交易委員會歷來對加密貨幣 ETF 持謹慎態度，優先考慮投資者保護和監管合規性。然而，最近比特幣現貨 ETF 的批准為 Solana 和 XRP 等其他加密貨幣的效仿打開了大門。

Earlier this week, cryptocurrency asset manager Bitwise filed for the first spot XRP ETF. Similarly, investment manager VanEck applied to list the first Solana spot ETF in the U.S. earlier this year. Additionally, asset manager 21Shares filed for a spot Solana exchange-traded product in 2024, marking the second major application of its kind.

本週早些時候，加密貨幣資產管理公司 Bitwise 申請了第一個現貨 XRP ETF。同樣，投資經理 VanEck 今年稍早申請在美國上市第一隻 Solana 現貨 ETF。此外，資產管理公司 21Shares 於 2024 年申請了 Solana 現貨交易所交易產品，這是此類產品的第二次重大申請。

Currently, several investment products linked to Solana are available, including Grayscale's Solana Trust (ticker: GSOL) and VanEck's Solana ETP (ticker: VSOL), which are accessible in select regions.

目前，有多種與 Solana 相關的投資產品可供選擇，包括 Grayscale 的 Solana Trust（股票代號：GSOL）和 VanEck 的 Solana ETP（股票代號：VSOL），這些產品可在部分地區使用。

There is growing optimism in the market that new crypto ETFs may receive the green light within this year or next. This shift could enhance investment opportunities in the cryptocurrency space and attract a broader range of institutional and retail investors.

市場越來越樂觀地認為，新的加密 ETF 可能會在今年或明年獲得批准。這種轉變可以增加加密貨幣領域的投資機會，並吸引更廣泛的機構和散戶投資者。

As the landscape evolves, the SEC's decisions will be closely watched for indications of how it plans to regulate this emerging asset class.

隨著情況的發展，美國證券交易委員會的決定將受到密切關注，以了解其計劃如何監管這一新興資產類別。