一家Upstart ETF公司将在Solana（第六大加密货币）中首次亮相。

根据有效的注册声明，总部位于佛罗里达的波动性股份有限责任公司周四推出了一对追踪Solana Futures的资金。

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.

在比特币产品取得了重大成功之后，Upstart ETF公司波动性股份有限公司将首次亮相Solana的首个资金跟踪期货，这是第六大加密货币，并在特朗普政府在美国领导人的数字资产领导下进行了更广泛的推动。

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.

根据有效的注册声明，这家总部位于佛罗里达州的公司正在启动一对基金，该资金将于周四在伊斯坦布尔的波萨开始交易。这些产品提供了对Solana的风险，其市场价值约为670亿美元。

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.

波动率股份Solana ETF（股票SOLZ）将跟踪Solana期货，而波动率为2倍SOLANA ETF（SOLT）将提供两倍的杠杆曝光。该公司在12月向美国证券交易委员会提交了文书工作。 SOLZ和SOLT的费用比率分别为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.”

“我们的推出是在美国对加密货币创新的新时代，”波动性股票首席执行官贾斯汀·杨（Justin Young）说。 “我们认为，特朗普政府认识到维持美国在金融技术领域的战略重要性。”

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.

产品的首次亮相是在往返产品的推出之后，在最近的市场波动中流出了流出。尽管目前尚不可用持有硬币的Solana ETF，但行业观察者认为，波动性股票股票是标志着该加密货币的现货基金是下一步的。比特币和乙醚都遵循类似的路径。发行人首先推出了期货产品，然后发现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.”

彭博情报公司的埃里克·巴尔库纳斯（Eric Balchunas）说：“这是批准以太之后的第一个山寨币。但是历史表明，ETF投资者渴望尽可能多地持有物理资产。” “当批准现场时，它可能会遇到一些问题。”

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月首次亮相以来，现货比特币ETF已积累了920亿美元。这与埃瑟（Ether）的65亿美元相反，后者于去年7月左右推出。 Bi的Balchunas和James Seyffart估计，今年将批准Sot Solana ETF的机会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%.

索拉纳（Solana）在山姆·班克曼（Sam Bankman Fried）倡导时首先引起了广泛的关注。在他的加密交流FTX和附属Alameda研究基金于2022年爆发后，Solana的生存就受到了疑问。但此后，它上演了卷土重来，这要归功于与竞争对手相比，收取的费用较低。今年到目前为止，Solana下降了约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.

长期以来，Solana ETF一直被视为最有可能获得批准，因为鉴于令牌清晰的叙述，它们具有最高水平的机构投资者利益。

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.

新基金还表明，尽管最近市场崩溃，但ETF公司仍在向投机投资者推销产品。发行人还反对反对者，他们认为10万亿美元的ETF市场已经饱和。今年已经看到了更多的新ETF文件，这些ETF追踪了从Altcoin Avalanche到具有70亿美元市场价值的Sui代币，以发现比特币和碳信用额期货。

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.

该发布会是随着特朗普政府拥护数字资产，激发了一系列新的市场计划，包括新的资金和所谓的积分。在为现场ETF申请的资产经理中，有富兰克林·邓普顿（Franklin Templeton），格雷斯（Grayscale）和瓦克（Vaneck）。