在美国推出的两个ETF跟踪Solana期货

两个ETF跟踪3月在美国推出的Solana期货，但这些资金通过跟踪Solana Futures合同的价格提供了间接接触数字资产的机会。

The Canadian market on Monday saw the launch of four new ETFs tracking the price of Solana (SOL), an event that marks a milestone in North America.

周一，加拿大市场推出了四个新的ETF，跟踪了Solana（Sol）的价格，该活动标志着北美的一个里程碑。

The U.S. is yet to see the launch of any such funds, despite several asset managers filing for them with the Securities and Exchange Commission (SEC). Meanwhile, Canada has raced ahead to launch both spot bitcoin and spot ether ETFs in 2021, while the U.S. is still awaiting the launch of such products.

尽管有几位资产经理向美国证券交易委员会（SEC）申请了几家资产经理，但美国尚未看到任何此类资金的推出。同时，加拿大在2021年推出了现场比特币和现场Ether ETF，而美国仍在等待此类产品的推出。

“We are very proud and excited that Canada is [a leader] again in crypto,” said Vlad Tasevski, chief innovation officer with Purpose, in an interview with Blockworks.

“我们为加拿大再次成为加密货币的领导者而感到自豪和兴奋，”有目的的首席创新官Vlad Tasevski在接受Blockworks采访时说。

What is Solana?

什么是Solana？

Launched in 2020, Solana is a public blockchain platform designed for decentralized applications and crypto transactions. SOL is the native cryptocurrency of the network, used in transactions and staking.

Solana于2020年推出，是一个公共区块链平台，旨在分散应用程序和加密交易。 SOL是该网络的本地加密货币，用于交易和占有。

Solana also hosts several meme coins, such as the Trump meme coin, $TRUMP.

Solana还主持了几枚模因硬币，例如Trump Meme Coin，Trump $。

“It has multiple verticals, like [non-fungible tokens], gaming, storage, it facilitates transactions,” said Geraldo Ferreira, senior vice-president and head of investment products and manager oversight with CI GAM.

“它具有多个垂直领域，例如[不可杀死的代币]，游戏，存储，它有助于交易，” CI GAM的高级副总裁兼投资产品负责人兼经理监督杰拉尔多·费雷拉（Geraldo Ferreira）说。

Solana is known for delivering faster and cheaper transactions than rival blockchains like Ethereum. However, Solana has experienced network outages and a major hack in the past, which critics see as a trade-off for its speed, with some calling the security of the platform into question.

索拉纳（Solana）以比以太坊（Ethereum）这样的竞争对手区块链提供更快，更便宜的交易而闻名。但是，Solana过去曾经历过网络中断和重大黑客攻击，批评者将其视为其速度的权衡，有些人对平台的安全感到疑惑。

Moreover, like other cryptocurrencies, SOL is volatile. Its price can fluctuate significantly due to various factors such as regulatory changes, technological advancements and overall market sentiment.

此外，像其他加密货币一样，SOL挥发了。由于各种因素，例如监管变化，技术进步和整体市场情绪，其价格可能会显着波动。

How do the four new Solana ETFs differ?

四个新的Solana ETF有何不同？

The new funds from 3iQ, Evolve, CI GAM and Purpose are similar, although they vary in staking approaches, management fees and other ways.

来自3IQ，Evolve，CI GAM和目的的新基金是相似的，尽管它们在堆放方法，管理费和其他方式方面有所不同。

“Our fund and our competitors’ funds, we’re all holding physical SOL, so there’s no difference in the underlying asset,” said Elliot Johnson, chief investment officer and chief operating officer with Evolve.

“我们的基金和竞争对手的资金，我们都持有物理溶胶，因此基础资产没有任何区别，” Evolve首席投资官兼首席运营官埃利奥特·约翰逊（Elliot Johnson）说。

“It really has more to do with the packaging.”

“这确实与包装有关。”

In addition to providing spot Solana exposure, all four funds intend to stake a portion of their SOL holdings in order to earn rewards of additional SOL tokens.

除了提供现场索拉纳的曝光外，所有四个基金都打算将其部分溶胶持有量存储起来，以赢得额外的溶胶令牌的奖励。

Staking is part of a process that validates transactions and helps to secure blockchain networks like Solana and Ethereum, said Josh Deems, head of sales, Americas with Toronto-based institutional staking provider Figment, which 3iQ selected as the primary staking provider for its fund, the Solana Staking ETF (TSX: SOLQ).

Solana Staking ETF（TSX：solq）说，Staking是验证交易的过程的一部分，该过程验证交易，并有助于确保Solana和Ethereum等区块链网络，例如Solana Staking ETF（TSX：SOLQ），Americas的销售负责人Josh Deems，Americas的Americans销售负责人Josh Deems。

“Let’s say you have one Solana [token] per share at the launch. The idea is you’re going to have more Solana per share over time, because there are going to be rewards that accrue to the fund. So, there’s going to be a larger pool of Solana based on the same amount of units,” Deems explained.

“假设您在发布会上每股有一个Solana（令牌）。想法是，随着时间的推移，您将拥有更多的每股索拉纳，因为将会获得该基金的奖励。因此，基于相同数量的单位，将会有一个更大的Solana池，” Deems解释说。

“Secondary to that is the security to the network. You’re actively making sure that that network is running effectively by using an ETF that’s staking the asset. The knock-on effect is the financial reward, but also, … you’re directly contributing to the operability of that particular network.”

“其次是网络的安全性。您正在积极确保该网络通过使用存储资产的ETF有效地运行。敲门效应是财务奖励，而且……您直接为该特定网络的可操作性做出了贡献。”

There are different approaches to staking, though. For one, Evolve has noted that it intends to initially target staking of up to 50% of the Solana tokens held in the portfolio of its fund, the Evolve Solana ETF (TSX: SOLA, SOLA.U). Meanwhile, CI GAM has said that as the manager of the CI Galaxy Solana ETF (TSX: SOLX), it’s entitled to up to 35% of the net rewards from staking, while no less than 65% will accrue to the ETF.

但是，有不同的方法。一方面，Evolve指出，它打算最初以其基金投资组合中的索兰纳代币的50％的目标瞄准，Evolve Solana ETF（TSX：Sola，Sola.u）。同时，CI GAM表示，作为CI Galaxy Solana ETF（TSX：SOLX）的经理，它有权获得净球净奖励的35％，而不少于65％的净奖励将获得ETF。

Staking has potential downsides and risks, including liquidity lockups.

Staking具有潜在的弊端和风险，包括流动性锁定。

Management fees are another differentiator.

管理费是另一个区别。

3iQ’s SOLQ will have a 0% management fee for the first 12 months (possibly longer), with the fee becoming 0.15% thereafter, said Greg Benhaim, executive vice-president of products and head of training with 3iQ.

3IQ的执行副总裁兼3IQ培训主管Greg Benhaim表示，3IQ的SOLQ将在头12个月（可能更长）的前12个月（可能更长）获得0％的管理费。

CI GAM has waived the fee of SOLX until July 16, so the fund will have a 0% management fee until that day, when it will be 0.35%.

CI GAM已免除SOLX的费用，直到7月16日，因此该基金将收取0％的管理费，直到那天为0.35％。

Evolve has waived the management fee of SOLA (the Canadian-dollar unhedged version of the fund) and SOLA.U (the U.S.-dollar version of the fund) for the remainder of 2025. As of Jan. 1, 2026, a 1.00% management fee will apply to the fund.

Evolve在2025年剩余的时间内放弃了Sola（基金的加拿大违反版本）和Sola.u（基金的美国价版本）的管理费。截至2026年1月1日，该基金将适用1.00％的管理费。

The Purpose Solana ETF (TSX: SOLL) has a 0.39% management fee.

目的Solana ETF（TSX：SOLL）的管理费为0.39％。

There are some other notable differences.

还有其他一些显着差异。

That includes different approaches to staking infrastructure. For example, 3iQ

这包括不同的基础设施方法。例如，3iq