Solana ETF：Solana 生态系统中的交易所交易基金指南

ETF（交易所交易基金）的推出标志着快速崛起的加密货币行业迈出了一大步。虽然大多数投资者都关注

Exchange-traded funds (ETFs) have played a pivotal role in merging the traditional and digital finance worlds. These investment products offer a convenient and regulated way for investors to gain exposure to various asset classes, including cryptocurrencies. As the crypto industry continues to expand rapidly, several ETFs are being introduced to track the performance of prominent digital assets.

交易所交易基金（ETF）在融合传统金融世界和数字金融世界方面发挥了关键作用。这些投资产品为投资者提供了一种便捷且受监管的方式来投资各种资产类别，包括加密货币。随着加密货币行业持续快速扩张，一些 ETF 被引入来追踪知名数字资产的表现。

Among the emerging crypto ETFs, those tracking Solana (SOL) have garnered significant attention from both retail and institutional investors. In this article, we will delve into Solana ETFs, exploring their mechanics, types, and the key companies involved in their creation and offering. We will also highlight the benefits and risks associated with investing in Solana ETFs.

在新兴的加密货币 ETF 中，追踪 Solana (SOL) 的ETF 吸引了散户和机构投资者的极大关注。在本文中，我们将深入研究 Solana ETF，探讨其机制、类型以及参与其创建和发行的主要公司。我们还将重点介绍与投资 Solana ETF 相关的收益和风险。

Solana ETFs Explained

Solana ETF 解释

Solana ETFs are new investment vehicles that are traded on leading stock exchanges like shares of stock. These ETFs track the performance of Solana’s native token, SOL. Being listed on trusted stock exchanges allows traditional investors to gain exposure to the Solana ecosystem in a regulated manner.

Solana ETF 是新的投资工具，可像股票一样在主要证券交易所进行交易。这些 ETF 跟踪 Solana 原生代币 SOL 的表现。在值得信赖的证券交易所上市使传统投资者能够以受监管的方式接触 Solana 生态系统。

Moreover, Solana ETFs are overseen by tier-1 regulators like the US Securities and Exchange Commission (SEC), ensuring that investors’ funds are protected within the legal framework.

此外，Solana ETF 受到美国证券交易委员会 (SEC) 等一级监管机构的监管，确保投资者的资金在法律框架内受到保护。

Trading Mechanism

交易机制

As mentioned earlier, Solana ETFs are listed as shares on stock exchanges. Investors can then trade those shares using their conventional brokerage accounts. Like other financial instruments, Solana ETFs’ shares are subject to demand and supply, meaning their prices fluctuate based on these market forces.

如前所述，Solana ETF 在证券交易所以股票形式上市。然后，投资者可以使用他们的传统经纪账户交易这些股票。与其他金融工具一样，Solana ETF 的股票受需求和供应的影响，这意味着它们的价格会根据这些市场力量而波动。

What separates Solana ETFs from cryptocurrencies is that they are highly liquid, allowing investors to enter and exit the market seamlessly. This liquidity is crucial for investors who may need to adjust their positions quickly or for those who prefer to trade frequently.

Solana ETF 与加密货币的区别在于它们具有高度流动性，允许投资者无缝进入和退出市场。这种流动性对于可能需要快速调整头寸的投资者或喜欢频繁交易的投资者来说至关重要。

Solana ETF Mechanics

Solana ETF 机制

Here is a closer look at how Solana ETFs are created and redeemed:

以下是 Solana ETF 的创建和赎回方式的详细介绍：

Authorized participants, who are typically large financial institutions, create shares for Solana ETFs.

授权参与者（通常是大型金融机构）为 Solana ETF 创建股票。

These participants then transfer a specific amount of SOL to the custodian of the Solana ETF. This custodian is responsible for holding the underlying asset (SOL) in a secure manner.

然后，这些参与者将特定数量的 SOL 转移给 Solana ETF 的托管人。该托管人负责以安全的方式持有标的资产 (SOL)。

Upon confirmation of the deposited SOL, the Solana ETF provider issues shares to the authorized participants.

确认存入的 SOL 后，Solana ETF 提供商向授权参与者发行股票。

After that, the participants introduce the issued shares to the market upon regulatory approval. These shares can then be purchased and sold by any interested investors.

之后，参与者在监管部门批准后将发行的股票引入市场。然后任何感兴趣的投资者都可以购买和出售这些股票。

To redeem their ETF shares, authorized participants are required to send redemption requests to ETF providers.

要赎回其 ETF 份额，授权参与者必须向 ETF 提供商发送赎回请求。

If the requests are approved, the ETF shares set to be redeemed are removed from the market and authorized participants receive an equivalent amount of SOL tokens from the custodian.

如果请求获得批准，待赎回的 ETF 股份将从市场上移除，授权参与者将从托管人处收到等量的 SOL 代币。

Types of Solana ETFs

Solana ETF 的类型

Similar to Ethereum and Bitcoin exchange-traded funds, Solana ETFs are broadly categorized into two types:

与以太坊和比特币交易所交易基金类似，Solana ETF 大致分为两类：

Solana futures ETFs: Issuers of these funds invest in Solana futures contracts instead of holding SOL in their reserves. This approach allows them to amplify their exposure to Solana’s price movements and potentially generate higher returns. However, it also introduces a new layer of risk, as the performance of these ETFs will be tied to the futures market.

Solana 期货 ETF：这些基金的发行人投资于 Solana 期货合约，而不是在其储备中持有 SOL。这种方法使他们能够扩大对 Solana 价格变动的敞口，并有可能产生更高的回报。然而，它也带来了新的风险，因为这些 ETF 的表现将与期货市场挂钩。

Solana spot ETFs: These investment products track traditional SOL price movements. The underlying asset in these ETFs is physical SOL, which is held in custody throughout the fund's life. Spot ETFs offer a more direct way to gain exposure to Solana's price performance.

Solana 现货 ETF：这些投资产品跟踪传统 SOL 价格变动。这些 ETF 的标的资产是实物 SOL，在基金的整个生命周期内都受到托管。现货 ETF 提供了一种更直接的方式来了解 Solana 的价格表现。

Top Companies Dealing in Solana Exchange-Traded Funds

交易 Solana 交易所交易基金的顶级公司

Several companies are actively engaged in creating and offering Solana ETFs to investors. Here are some of the prominent players in this domain:

多家公司正在积极参与创建并向投资者提供 Solana ETF。以下是该领域的一些杰出参与者：

3iQ Digital Asset Management: This company issues the QSOL ETF in the Canadian market via the Toronto Stock Exchange. The ETF provides a convenient way for Canadian investors to add Solana to their portfolios.

3iQ Digital Asset Management：该公司通过多伦多证券交易所在加拿大市场发行QSOL ETF。该 ETF 为加拿大投资者将 Solana 添加到其投资组合提供了便捷的方式。

VanEck: VanEck’s Solana ETF, known as VSOL, is available for German investors via the Deutsche Borse Exchange. This ETF offers a regulated and transparent platform to gain exposure to Solana.

VanEck：VanEck 的 Solana ETF（称为 VSOL）可通过德意志交易所向德国投资者开放。该 ETF 提供了一个受监管且透明的平台来获得 Solana 的投资。

WisdomTree: This company offers its Solana ETF, designated as SOLW, to European investors. SOLW is tradable on various exchanges, including SIX Swiss Exchange, Euronext Paris, and XETRA. This broad listing enables investors across multiple European markets to access the ETF.

WisdomTree：该公司向欧洲投资者提供 Solana ETF，指定为 SOLW。 SOLW 可在多个交易所进行交易，包括瑞士六所交易所、巴黎泛欧交易所和 XETRA。此次广泛的上市使多个欧洲市场的投资者能够参与该 ETF。

21Shares: The ASOL ETF, issued by 21Shares, is available only in Switzerland, and it is tradable on the SIX Swiss Exchange. This ETF caters specifically to the Swiss market, offering a regulated way to invest in Solana.

21Shares：ASOL ETF 由 21Shares 发行，仅在瑞士上市，并可在瑞士六所交易所交易。该 ETF 专门针对瑞士市场，提供受监管的 Solana 投资方式。

It is important to note that numerous Solana ETFs are still awaiting regulatory approval in the United States. Among them are 21Shares’ Core Solana ETF and VanEck’s Solana Trust. These ETFs are expected to be launched once they receive the green light from the relevant authorities.

值得注意的是，许多 Solana ETF 仍在等待美国监管机构的批准。其中包括 21Shares 的 Core Solana ETF 和 VanEck 的 Solana Trust。这些ETF预计将在获得有关当局批准后推出。

Why Invest in Solana ETFs?

为何投资 Solana ETF？

There are several benefits to considering Solana ETFs as part of your investment strategy:

将 Solana ETF 作为投资策略的一部分有几个好处：

Liquidity: As mentioned earlier, Solana ETF markets have deep liquidity, making the trading of shares convenient and efficient. This liquidity is a crucial factor for investors who may need to adjust their positions quickly or for those who prefer to trade frequently.

流动性：如前所述，Solana ETF 市场具有深厚的流动性，使得股票交易便捷高效。对于可能需要快速调整头寸的投资者或喜欢频繁交易的投资者来说，这种流动性是一个至关重要的因素。

Diversification: Solana ETFs allow investors

多元化：Solana ETF 让投资者