Solana（Sol）期货合约刚刚在CME上启动

索拉纳（Solana）已经是机构投资者中最受欢迎的人，他刚刚得到了唐纳德·特朗普（Donald Trump）的严重提升，唐纳德·特朗普（Donald Trump）将其置于美国战略加密货币之列。

Donald Trump's crypto preferences are no secret. In a recent post on Truth Social, the former President showcased his favorite digital currencies, among which appeared Bitcoin, Ethereum, Litecoin, and…Solana.

唐纳德·特朗普（Donald Trump）的加密喜好不是秘密的。在最近关于真相社会的文章中，这位前总统展示了他最喜欢的数字货币，其中包括比特币，以太坊，莱特币和……索拉纳。

A significant step for the altcoin, which is now taking another crucial stage with the arrival of its futures contracts on the Chicago Mercantile Exchange (CME). An event that could well pave the increments for a highly anticipated Solana ETF by the market.

对于Altcoin来说，这是一个重要的一步，该甲币目前正处于另一个关键阶段，其期货合同到芝加哥商业交易所（CME）。很可能会为市场上备受期待的Solana ETF增量的事件。

Solana makes a strong entry into the futures market

索拉纳（Solana）强大进入期货市场

On Sunday, March 17, the CME welcomed the very first futures contracts for Solana. A strong signal for the institutional adoption of the digital asset, which is thus joining Bitcoin and Ethereum on the famous financial derivatives platform. Two types of contracts are offered: one for large institutions, representing 500 SOL, and another more accessible to individual traders, covering 25 SOL.

3月17日，星期日，CME欢迎Solana的第一笔期货合约。机构采用数字资产的强烈信号，因此，该资产在著名的金融衍生品平台上加入了比特币和以太坊。提供了两种类型的合同：一种用于大型机构，代表500旧金山，另一种是个人交易者更容易获得的合同，覆盖25 sol。

From day one, nearly 40,000 SOL, or about 5 million dollars, were traded on the CME.

从第一天开始，在CME上交易了近40,000辆溶胶或约500万美元。

A promising start, although some observers, like Jack Kubinec, note a slight downward price shift on the contracts. Indeed, April futures traded at 127 dollars per SOL, which is 2 dollars less than those in March. A caution that might reflect a market waiting for more volume.

尽管有些观察员（例如杰克·库比尼克（Jack Kubinec））注意到合同的下降价格变化略有下跌。的确，四月期货以每辆溶胶的127美元交易，比三月份的交易少2美元。警告可能反映出市场等待更多数量的市场。

Chris Chung, founder of the exchange platform Titan, does not hide his enthusiasm:

Exchange Platform Titan的创始人Chris Chung并没有隐藏他的热情：

“Solana has come a long way in five years. Its futures arrive on the CME today, and the ETFs will follow closely.”

“索拉纳（Solana）在五年内已经走了很长一段路。它的未来今天到达了CME，ETF将紧随其后。”

An optimism shared by many investors, who see in this evolution a doorway to new financial products based on Solana.

许多投资者的乐观情绪，他们在这种演变中看到了基于Solana的新金融产品的门口。

However, a question arises: is the trading volume sufficient to convince the SEC to expedite the approval of a Solana ETF?

但是，出现了一个问题：交易量是否足以说服SEC加快Solana ETF的批准？

As Jack Kubinec points out on X, only 110 contracts were traded on the first day, far from what the regulatory body considers a “significant size” market.

正如杰克·库比尼克（Jack Kubinec）在X上指出的那样，第一天仅交易了110个合同，远离监管机构认为“大小”市场的远方。

Towards a crypto ETF on Solana: an uncertain bet?

迈向有关Solana的加密ETF：一个不确定的赌注？

The arrival of futures on Solana reignites the debate on the creation of a crypto ETF based on SOL, a key issue for its adoption by the general public and institutional investors. To date, five ETF issuers have filed applications with the SEC to list a Solana spot ETF.

Futures on solana的到来重新点燃了基于SOL创建加密ETF的辩论，这是公众和机构投资者采用的关键问题。迄今为止，五位ETF发行人已向SEC提出申请，以列出Solana Spot ETF。

The regulatory authority will have until October 2025 to render its verdict.

监管机构必须在2025年10月之前作出裁决。

Why such enthusiasm around crypto ETFs? Simply because they facilitate access to digital assets without requiring the direct purchase of tokens. A mechanism that has already allowed Bitcoin and Ethereum to attract a massive influx of capital when they obtained their own ETF.

为什么对加密ETF的热情如此热情？仅仅因为它们便利地不需要直接购买令牌就可以访问数字资产。一种机制已经允许比特币和以太坊在获得自己的ETF时吸引大量资本。

But the SEC has not yet given a clear signal regarding its position on Solana.

但是SEC尚未就其在Solana的位置发出明确的信号。

The key element lies in the strength of the regulated futures market. Futures contracts play a crucial role as they serve as an indicator for the underlying assets. However, to obtain an ETF, Solana will have to prove that its futures on the CME reach a critical size.

关键要素在于受监管的期货市场的实力。期货合约起着至关重要的作用，因为它们是基础资产的指标。但是，要获得ETF，Solana必须证明其CME上的未来达到了临界大小。

Some analysts, like Jack Kubinec, remain cautious due to the low volume of early trades on the CME, which could dampen the SEC’s enthusiasm. On the other hand, major players like FalconX and StoneX do not hide their optimism.

由于CME的早期交易量较低，一些分析师，例如杰克·库比尼克（Jack Kubinec），仍然谨慎，这可能会抑制SEC的热情。另一方面，像Falconx和Stonex这样的主要参与者不会隐藏他们的乐观情绪。

FalconX even executed the very first block trade on SOL futures, highlighting its aim to become the go-to institutional gateway for the crypto market.

Falconx甚至执行了Sol Futures的第一个障碍贸易，强调了其目标是成为加密货币市场的机构门户。

It remains to be seen whether Solana will manage to attract enough traders to convince the SEC to take the plunge. After all, Bitcoin and Ethereum have already shown the way… So, will Solana be the next chosen one in the crypto market?

索拉纳（Solana）是否会设法吸引足够的交易者说服SEC进行比赛，还有待观察。毕竟，比特币和以太坊已经显示出了道路……那么，索拉纳会成为加密货币市场中的下一个选择的人吗？

Regarding the Solana ETF, VanEck estimates that there is an 85% chance of it being approved in 2025. By then, the market will have to prove that Solana is well-established among the big players.

关于Solana ETF，Vaneck估计有85％的机会在2025年获得批准。到那时，市场将不得不证明Solana在大型球员中已经建立了良好。

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