一家Upstart ETF公司將在Solana（第六大加密貨幣）中首次亮相。

根據有效的註冊聲明，總部位於佛羅里達的波動性股份有限責任公司週四推出了一對追踪Solana Futures的資金。

Upstart ETF firm Volatility Shares LLC is debuting the first-ever funds tracking futures in Solana, the sixth-largest cryptocurrency, following the blockbuster success of Bitcoin products and amid a broader push by the Trump administration for US leadership in digital assets.

在比特幣產品取得了重大成功之後，Upstart ETF公司波動性股份有限公司將首次亮相Solana的首個資金跟踪期貨，這是第六大加密貨幣，並在特朗普政府在美國領導人的數字資產領導下進行了更廣泛的推動。

The Florida-based firm is launching a pair of funds that will begin trading Thursday on the Borsa Istanbul, according to an effective registration statement. The products offer exposure to Solana, which has a market value of around US$67 billion.

根據有效的註冊聲明，這家總部位於佛羅里達州的公司正在啟動一對基金，該資金將於週四在伊斯坦布爾的波薩開始交易。這些產品提供了對Solana的風險，其市場價值約為670億美元。

The Volatility Shares Solana ETF (ticker SOLZ) will track Solana futures while the Volatility Shares 2X Solana ETF (SOLT) will offer twice the leveraged exposure. The firm first submitted paperwork to the US Securities and Exchange Commission for the funds in December. SOLZ and SOLT will carry expense ratios of 0.95% and 1.85%, respectively.

波動率股份Solana ETF（股票SOLZ）將跟踪Solana期貨，而波動率為2倍SOLANA ETF（SOLT）將提供兩倍的槓桿曝光。該公司在12月向美國證券交易委員會提交了文書工作。 SOLZ和SOLT的費用比率分別為0.95％和1.85％。

“Our launch comes at a time of renewed optimism for cryptocurrency innovation in the US,” said Justin Young, the chief executive officer of Volatility Shares. “We believe the Trump administration recognizes the strategic importance of maintaining American leadership in financial technology.”

“我們的推出是在美國對加密貨幣創新的新時代，”波動性股票首席執行官賈斯汀·楊（Justin Young）說。 “我們認為，特朗普政府認識到維持美國在金融技術領域的戰略重要性。”

The debut of the products follows the launch of Ether offerings, which have seen outflows amid the recent market volatility. While Solana ETFs holding the coin directly aren’t currently available, industry watchers see the Volatility Shares funds as a sign that a spot fund for the crypto is next up. Both Bitcoin and Ether followed a similar path; issuers launched futures products first then spot ETFs.

產品的首次亮相是在往返產品的推出之後，在最近的市場波動中流出了流出。儘管目前尚不可用持有硬幣的Solana ETF，但行業觀察者認為，波動性股票股票是標誌著該加密貨幣的現貨基金是下一步的。比特幣和乙醚都遵循類似的路徑。發行人首先推出了期貨產品，然後發現ETF。

“It’s the first altcoin after Ether to be approved. But history has shown that ETF investors crave holding the physical asset as much as possible,” said Bloomberg Intelligence's Eric Balchunas. “It could have some issues when spot is approved.”

彭博情報公司的埃里克·巴爾庫納斯（Eric Balchunas）說：“這是批准以太之後的第一個山寨幣。但是歷史表明，ETF投資者渴望盡可能多地持有物理資產。” “當批准現場時，它可能會遇到一些問題。”

Spot Bitcoin ETFs have amassed $92 billion since their debut in January 2024, data compiled by Bloomberg show. That’s in contrast to Ether’s $6.5 billion, which launched around July last year. BI’s Balchunas and James Seyffart estimate a 75% chance that spot Solana ETFs will be approved by this year.

自2024年1月首次亮相以來，現貨比特幣ETF已積累了920億美元。這與埃瑟（Ether）的65億美元相反，後者於去年7月左右推出。 Bi的Balchunas和James Seyffart估計，今年將批准Sot Solana ETF的機會75％。

Solana first garnered widespread attention when it was championed by Sam Bankman-Fried. After his crypto exchange FTX and affiliated Alameda Research fund imploded in 2022, Solana’s survival was in question. But it has since staged a comeback, thanks to the lower fees it charges in contrast to its rivals. So far this year, Solana is down about 30%.

索拉納（Solana）在山姆·班克曼（Sam Bankman Fried）倡導時首先引起了廣泛的關注。在他的加密交流FTX和附屬Alameda研究基金於2022年爆發後，Solana的生存就受到了疑問。但此後，它上演了捲土重來，這要歸功於與競爭對手相比，收取的費用較低。今年到目前為止，Solana下降了約30％。

Solana ETFs have long been seen as the most likely to get approved since they have the highest level of institutional investor interest given the token’s clear narrative.

長期以來，Solana ETF一直被視為最有可能獲得批准，因為鑑於令牌清晰的敘述，它們具有最高水平的機構投資者利益。

The new funds also show how ETF firms are still pitching offerings to speculative investors who continue to have an appetite for risk despite the recent market meltdown. Issuers are also defying naysayers who argue the $10 trillion ETF market is already saturated. This year has seen more filings for new ETFs that track everything from altcoin Avalanche, to the SUI token that has a $7 billion market value, to spot Bitcoin and carbon credit futures.

新基金還表明，儘管最近市場崩潰，但ETF公司仍在向投機投資者推銷產品。發行人還反對反對者，他們認為10萬億美元的ETF市場已經飽和。今年已經看到了更多的新ETF文件，這些ETF追踪了從Altcoin Avalanche到具有70億美元市場價值的Sui代幣，以發現比特幣和碳信用額期貨。

The launch comes as the Trump administration embraces digital assets, spurring a slew of new market initiatives including fresh funds and so-called staking. Among the asset managers that have filed for spot Solana ETFs are Franklin Templeton, Grayscale and VanEck.

該發布會是隨著特朗普政府擁護數字資產，激發了一系列新的市場計劃，包括新的資金和所謂的積分。在為現場ETF申請的資產管理人員中，有富蘭克林·鄧普頓（Franklin Templeton），格雷斯（Grayscale）和瓦克（Vaneck）。