多个公司向SEC提交Solana（SOL）ETF申请，审核过程开始

多家金融公司已向Solana Exchange交易基金（ETF）提交了申请，这标志着加密货币与传统财务的一体化的新阶段。

Multiple financial firms, including VanEck, 21Shares, Bitwise, and Canary Capital, have submitted applications for Solana (SOL) exchange-traded funds (ETFs) with the Securities and Exchange Commission (SEC). These submissions follow Grayscale’s earlier filing for a Solana ETF, which was added to the Federal Register on February 12, 2025.

包括Vaneck，21shares，Bitwise和Canary Capital在内的多家金融公司已向美国证券交易委员会（SEC）提交了Solana（Sol）交易所交易基金（ETF）的申请。这些提交的内容是在Grayscale早先提交的SOLANA ETF文件之后，该文件于2025年2月12日添加到联邦登记册中。

The filings mark a new stage in the integration of cryptocurrency with traditional finance. The SEC now has 240 days to review these proposals, setting up a series of key decisions expected by October 2025.

这些文件标志着加密货币与传统金融的整合中的一个新阶段。 SEC现在有240天的时间来审查这些建议，并在2025年10月之前制定了一系列预期的关键决策。

Multiple financial firms have submitted applications for Solana (SOL) exchange-traded funds (ETFs) with the Securities and Exchange Commission (SEC). These submissions follow Grayscale’s earlier filing for a Solana ETF, which was added to the Federal Register on February 12, 2025.

多家金融公司已向美国证券交易委员会（SEC）提交了Solana（SOL）交易所交易基金（ETF）的申请。这些提交的内容是在Grayscale早先提交的SOLANA ETF文件之后，该文件于2025年2月12日添加到联邦登记册中。

The filings mark a new stage in the integration of cryptocurrency with traditional finance. The SEC now has 240 days to review these proposals, setting up a series of key decisions expected by October 2025.

这些文件标志着加密货币与传统金融的整合中的一个新阶段。 SEC现在有240天的时间来审查这些建议，并在2025年10月之前制定了一系列预期的关键决策。

The applications from VanEck, 21Shares, Bitwise, and Canary Capital were added to the Federal Register on February 18, 2025. These filings follow a sequence of events that began early February. On February 6, the SEC acknowledged Grayscale’s Solana ETF amendment, which was later followed by the four additional filings on February 11. This established a clear regulatory timeline for all five proposals.

Vaneck，21shares，Bitwise和Canary Capital的申请于2025年2月18日添加到联邦公报中。这些文件遵循了2月初开始的一系列事件。 2月6日，美国证券交易委员会（SEC）承认了灰度的Solana ETF修正案，随后于2月11日额外提交了四份文件。这为所有五个建议建立了明确的监管时间表。

The path to potential approval comes during a challenging period for Solana. The cryptocurrency experienced a 42% decline year-to-date as of February 18, 2025, partly due to market reaction to events surrounding the LIBRA memecoin promotion by Argentinian President Javier Milei.

潜在批准的途径是在索拉纳（Solana）充满挑战的时期。截至2025年2月18日，该加密货币的年度下降了42％，部分原因是阿根廷总统总统贾维尔·米利（Javier Milei）对天秤座纪念促进的事件的市场反应。

However, market analysts have expressed optimism about the approval chances. According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the probability of approval for the Solana ETFs stands at 70%. This estimate could increase if current legal challenges regarding SOL’s classification as a security are resolved.

但是，市场分析师对批准机会表示乐观。根据彭博ETF分析师Eric Balchunas和James Seyffart的说法，Solana ETF的批准可能性为70％。如果解决有关SOL的分类为安全性的当前法律挑战，则该估计可能会增加。

Moreover, data from Polymarket shows even higher confidence, placing the approval probability at 84% for 2025. This market sentiment reflects growing optimism in the cryptocurrency sector following recent regulatory developments.

此外，来自Polymarket的数据显示出更高的信心，将批准概率置于2025年的84％。这种市场情绪反映了最近的监管发展后加密货币行业的乐观情绪的日益增长。

The SEC’s current approach to cryptocurrency regulation appears to be evolving. The commission has reduced its aggressive stance on crypto-related lawsuits, which many observers interpret as a positive sign for ETF approvals.

SEC当前的加密货币调节方法似乎正在发展。该委员会减少了对加密相关诉讼的积极立场，许多观察家将其解释为ETF批准的积极信号。

Solana Price Analysis

Solana价格分析

The price of Solana’s native token (SOL) has shown resilience during this period. As of the latest market data, SOL trades at $172.83, recording a 0.77% increase over 24 hours and a 42% decrease year-to-date, according to CoinMarketCap.

在此期间，Solana的本地令牌（SOL）的价格显示出弹性。根据CoinMarketCap的数据，从最新的市场数据开始，SOL的交易价格为172.83美元，在24小时内增长了0.77％，降低了42％。

Solana’s native token experienced a 42% decline year-to-date as of February 18, 2025, partly due to market reaction to events surrounding the LIBRA memecoin promotion by Argentinian President Javier Milei.

截至2025年2月18日，Solana的原住民代币年度下降了42％，部分原因是阿根廷总统贾维尔·米利（Javier Milei）对天秤座纪念促进的事件的市场反应。

The broader cryptocurrency ETF landscape continues to evolve. Late 2024 predictions from Balchunas and Seyffart suggested a wave of crypto ETF approvals might include other tokens like Hedera (HBAR), Litecoin (LTC), and XRP.

更广泛的加密货币ETF景观不断发展。 2024年末，Balchunas和Seyffart的预测表明，一波加密ETF批准可能包括其他令牌，例如Hedera（HBAR），Litecoin（LTC）和XRP。

Canary Capital, which is also behind the upcoming AXL trust, filed for the ETF on February 18. The trust will offer institutional and accredited investors exposure to solana (SOL) tokens, with Coinbase as the designated custodian.

Canary Capital也是即将到来的AXL Trust的背后，于2月18日为ETF申请。该信托将以Coinbase为指定的托管人提供机构和认可的投资者对Solana（Sol）代币的曝光率。

This marks the first investment vehicle focused on blockchain interoperability protocols. By early 2025, Axelar had established itself as the 11th largest blockchain by total value locked (TVL), which exceeded $1 billion.

这标志着第一个专注于区块链互操作性协议的投资工具。到2025年初，Axelar以总价值锁定（TVL）为第11大区块链（超过10亿美元）。

Multiple financial firms, including major investment firms like Pantera Capital, expressed support for solana in the ETF market. Each applicant brings unique features to their ETF proposals, which could influence the SEC’s decision-making process as they evaluate the applications over the coming months.

包括Pantera Capital等主要投资公司在内的多家金融公司在ETF市场上表示对Solana的支持。每个申请人都为他们的ETF提案带来了独特的功能，这可能会影响SEC在未来几个月评估申请时的决策过程。

The October 16, 2025, deadline for Grayscale’s application serves as a key date for the industry. This decision could set precedents for subsequent Solana ETF applications and future cryptocurrency investment products.

2025年10月16日，Grayscale应用程序的截止日期是该行业的关键日期。该决定可以为随后的Solana ETF应用程序和未来的加密货币投资产品树立先例。

The current review process follows established SEC procedures, which entail thorough evaluation of each application’s compliance with regulatory standards, investor protection measures, and market manipulation safeguards.

当前的审查过程遵循已建立的SEC程序，该程序需要对每个应用程序遵守监管标准，投资者保护措施和市场操纵保护措施进行彻底评估。