金絲雀的Solana ETF Gambit：醃泡汁替代醬汁

Canary Capital的Solana ETF提案融合了醃泡汁，旨在提高回報。這是加密ETF的未來嗎？

Hold onto your hats, folks! The world of crypto ETFs is about to get a whole lot more interesting. Canary Capital Group is pushing forward with its Solana ETF, and they're not just holding SOL; they're staking it with Marinade Finance to generate extra yield. This could be a game-changer.

抓住你的帽子，伙計們！加密ETF的世界將變得更加有趣。 Canary Capital Group正在推動其Solana ETF前進，而他們不僅持有Sol。他們正在用醃料融資來創造它，以產生額外的產量。這可能是改變遊戲規則的人。

What's the Deal with the Canary Marinade Solana ETF?

加那利醃製的Solana ETF怎麼辦？

Canary Capital's amended S-1 filing with the SEC reveals a plan to launch the "Canary Marinade Solana ETF." The primary goal? Track the price of Solana. But here's the kicker: the ETF also aims to earn additional SOL through staking, partnering exclusively with Marinade Finance.

Canary Capital對SEC的S-1修訂文件揭示了一項計劃，啟動了“金絲雀醃製Solana ETF”。主要目標？跟踪Solana的價格。但是，這是踢球者：ETF還旨在通過Stataking獲得更多的SOL，專門與Marinade Finance合作。

Staking for Extra Yield: A Novel Approach

積累以獲得額外的收益：一種新穎的方法

This isn't your grandpa's ETF. By staking SOL, the fund actively participates in the Solana network, earning rewards that are then passed on to investors. BitGo Trust Company will handle the staking via Marinade's protocol, ensuring the private keys remain secure. Other firms like Nasdaq are also exploring Solana treasuries for staking, showing a growing trend.

這不是您爺爺的ETF。通過存放SOL，該基金積極參與Solana Network，並獲得了獎勵，然後將其傳遞給投資者。 Bitgo Trust Company將通過Marinade的協議來處理該公司，以確保私鑰保持安全。納斯達克（Nasdaq）等其他公司也正在探索索拉納（Solana）的紀念品，以表明趨勢的增長。

Why Marinade Finance?

為什麼要醃製金融？

Marinade Finance is the chosen staking provider. The ETF will stake most of its SOL holdings via Marinade, to earn staking rewards. Some SOL is held aside to cover redemptions, expenses, or protect the fund’s assets.

Marinade Finance是選定的Staking提供商。 ETF將通過Marinade持有大部分Sol Holdings，以贏得積分獎勵。擱置一些溶膠以支付贖回，費用或保護基金的資產。

The Risks and Rewards

風險和獎勵

Of course, it's not all sunshine and rainbows. The filing acknowledges potential risks, including the possibility of future “slashing” penalties on the Solana network and liquidity risks associated with staking lock-up periods. However, the potential for enhanced returns makes this a compelling proposition, especially given the strong demand for staking ETFs.

當然，這並不是所有的陽光和彩虹。該文件承認潛在的風險，包括未來對Solana網絡的“削減”處罰的可能性以及與放置鎖定期有關的流動性風險。但是，增強回報的潛力使這是一個引人注目的主張，尤其是考慮到對Stating ETF的強烈需求。

Solana Leading the ETF Race

索拉納領導ETF競賽

Solana is currently leading the pack with 16 filings among 96 crypto ETF applications. The SEC is expected to make a decision by October 10, 2025, potentially opening the floodgates for new Solana investment products. Big players like Bitwise, Grayscale, VanEck, Fidelity, and Invesco/Galaxy are all in the mix, vying for a piece of the Solana ETF pie.

Solana目前在96個加密ETF應用中以16份文件領導該包。預計SEC將在2025年10月10日之前做出決定，有可能為新的Solana投資產品開放閘門。像Bitwise，Grayscale，Vaneck，Fidelity和Invesco/Galaxy這樣的大型玩家都在混在一起，爭奪Solana ETF派的一部分。

My Take

我的看法

Integrating staking into an ETF is a smart move. It's a way to offer investors more than just price exposure; it's a chance to actively participate in the network and earn rewards. The ETF is designed to make investing in SOL easier and safer for traditional investors, while also avoiding using derivatives, reducing counterparty and credit risks. I think Canary Capital is onto something here, and it'll be interesting to see how the SEC responds.

將Staking集成到ETF中是一個明智的舉動。這是一種向投資者提供價格不僅僅是價格敞口的方式；這是一個積極參與網絡並獲得獎勵的機會。 ETF旨在使對傳統投資者的投資更加容易，更安全，同時還避免使用衍生品，降低對手和信用風險。我認為金絲雀首都在這裡的某些東西，看看SEC的響應方式會很有趣。

The Bottom Line

底線

The Canary Marinade Solana ETF represents a growing trend of staking-enabled crypto ETFs, offering investors regulated exposure to Solana while participating in staking rewards.

金絲雀醃製的Solana ETF代表了增長的均勻加密ETF的趨勢，為投資者提供了對Solana的監管，同時參與了積分獎勵。

So, there you have it. Canary Capital is trying to spice up the ETF game with a little Marinade. Will it work? Only time will tell. But one thing's for sure: the future of crypto investing is looking a whole lot more flavorful.

所以，你有。 Canary Capital試圖用一點醃料來增添ETF遊戲。它會起作用嗎？只有時間會證明。但是可以肯定的是：加密投資的未來看起來更加美味。