巴西批准第二隻 Solana ETF，美國監管機構正在考慮 Token 的分類

巴西監管機構已根據 CVM 資料庫批准了第二隻 Solana 交易所交易基金 [ETF]。新的 SOL ETF 由巴西資產管理公司 Hashdex 發行

Brazil has authorized the second Solana (SOL) exchange-traded fund (ETF) in the country, according to the Brazilian Securities and Exchange Commission (CVM) database.

根據巴西證券交易委員會 (CVM) 資料庫的信息，巴西已批准該國第二隻 Solana (SOL) 交易所交易基金 (ETF)。

The new SOL ETF is being launched by Brazilian asset manager Hashdex, which has over $962 million in assets under management, in partnership with local investment bank BTG Pactual.

新的 SOL ETF 由巴西資產管理公司 Hashdex 與當地投資銀行 BTG Pactual 合作推出，該公司管理的資產超過 9.62 億美元。

According to the CVM, the new fund is currently in a pre-operational phase.

據CVM稱，新基金目前正處於預營運階段。

Earlier this year, the South American nation created history when the CVM greenlighted the first-ever spot SOL ETF. The fund is being offered by QR — known for its Bitcoin and Ethereum ETFs — and will be managed by Vortx.

今年早些時候，CVM 批准了首個現貨 SOL ETF，這個南美國家創造了歷史。該基金由以比特幣和以太坊 ETF 聞名的 QR 提供，並將由 Vortx 管理。

Currently, the ETF is awaiting final approval from B3, Brazil's main stock exchange, and is expected to hit the market within 90 days.

目前，該ETF正在等待巴西主要證券交易所B3的最終批准，預計將在90天內上市。

Following the approval of the Ethereum ETF, there was speculation among crypto enthusiasts about the possibility of a spot SOL ETF.

在以太坊 ETF 獲得批准後，加密貨幣愛好者對現貨 SOL ETF 的可能性進行了猜測。

However, in the United States, experts have expressed concerns over the token's close ties with Solana Labs, which could lead regulators to classify it more as a security or stock rather than a commodity asset, presenting potential legal hurdles.

然而，在美國，專家對該代幣與 Solana Labs 的密切關係表示擔憂，這可能導致監管機構將其更多地歸類為證券或股票，而不是商品資產，從而帶來潛在的法律障礙。

In light of this, the U.S. Securities and Exchange Commission (SEC) recently held a closed-door meeting with ETF issuers to discuss whether the token could be classified as a security.

有鑑於此，美國證券交易委員會（SEC）最近與ETF發行人舉行閉門會議，討論該代幣是否可以被歸類為證券。

After the discussions, CBOE decided not to submit the relevant 19b-4 form to avoid initiating the approval process. While VanEck's S-1 registration statement for the Solana ETF is still available for viewing, 21Shares' registration statement has been withdrawn.

經過討論，CBOE決定不提交相關的19b-4表格，以避免啟動審批程序。雖然 VanEck 的 Solana ETF 的 S-1 註冊聲明仍然可供查看，但 21Shares 的註冊聲明已被撤回。

Solana ETFs In the USDespite other cryptocurrencies, such as Bitcoin and Ethereum, having approved ETFs, experts believe that the chances of SOL ETFs being approved in the U.S. under the current administration are low, and it might not happen until 2025, if at all.

Solana ETF 在美元中，儘管比特幣和以太坊等其他加密貨幣已經批准了ETF，但專家認為，在本屆政府的領導下，SOL ETF 在美國獲得批准的可能性很低，而且即使有的話，也可能要到2025 年才會發生。

Despite these concerns, there is a palpable buzz around Solana ETFs in the U.S. The head of Digital Asset Research at VanEck is still bullish on the SOL ETF, even after CBOE withdrew its 19b-4 filing.

儘管有這些擔憂，美國圍繞 Solana ETF 的熱度仍不減。

Furthermore, the Brazilian regulator's approval of the SOL ETF is sure to capture the attention of institutional investors and financial advisors, who are increasingly exploring avenues to offer SOL exposure to their clients.

此外，巴西監管機構對 SOL ETF 的批准肯定會引起機構投資者和財務顧問的注意，他們正在越來越多地探索向客戶提供 SOL 敞口的途徑。

If successful, this could potentially accelerate the mainstream adoption of Solana and its ecosystem and further integrate its technology into global financial systems.

如果成功，這可能會加速 Solana 及其生態系統的主流採用，並進一步將其技術融入全球金融系統。