SEC審查中的SOLANA（SOL）ETF提案，10月應付款

SEC已將其對灰度擬議的Solana ETF的審查擴展，將最終決定推遲到10月。

The SEC has pushed back its review of Grayscale’s proposed Solana ETF, extending the decision deadline to October.

SEC已推遲對Grayscale提議的Solana ETF的審查，將決定截止日期延長到10月。

The extension comes after the standard 240-day evaluation window for 19b-4 filings, which are used for new exchange-traded products and similar financial instruments.

該擴展名是在19b-4檔案的標準240天評估窗口之後，該檔案用於新的交易所交易產品和類似的金融工具。

The Solana ETF, which is being listed on NYSE, is still under review as the agency assesses its regulatory compliance and broader market impact.

紐約證券交易所（NYSE）上市的Solana ETF仍在審查中，因為該機構評估了其監管合規性和更廣泛的市場影響。

Grayscale’s filing was acknowledged by the SEC earlier this year, kicking off the formal process for reviewing the Solana ETF in accordance with existing securities laws.

SEC今年早些時候認可了Grayscale的申請，從現有證券法開始審查Solana ETF的正式程序。

However, the agency has yet to approve or reject the proposal, which is still being assessed by the SEC. This delay aligns with the agency’s actions on other crypto-based financial products.

但是，該機構尚未批准或拒絕該提案，該提案仍由SEC評估。這種延遲與該機構對其他基於加密的金融產品的行動保持一致。

The Solana ETF is being proposed at a time when the SEC is increasing scrutiny of digital assets and how they are used in financial markets.

在SEC正在增加對數字資產的審查以及如何在金融市場中使用它們的時候，提出了Solana ETF。

The ETF would provide a way for investors to gain exposure to Solana, which is known for its high throughput and low transaction fees, processing thousands of transactions per second.

ETF將為投資者提供對Solana的風險的方式，該方式以其高吞吐量和低交易費用而聞名，每秒處理數千筆交易。

It is part of a broader effort to expand investment opportunities in cryptocurrencies, which are becoming more integrated into the traditional finance sector.

這是擴大加密貨幣投資機會的更廣泛努力的一部分，加密貨幣越來越多地融入了傳統的財務部門。

The SEC has expressed caution over approving too many crypto ETFs, and it is considering the broader implications of these products on market liquidity, custody procedures, and price discovery.

SEC對批准過多的加密ETF表示謹慎，它正在考慮這些產品對市場流動性，監護程序和價格發現的廣泛含義。

The agency has also been examining the operational structure of similar offerings, such as Bitcoin ETFs, which undergo a multi-stage approval process.

該機構還一直在研究經歷多階段批准過程的類似產品的運營結構，例如比特幣ETF。

The SEC’s decision on the Solana ETF will have implications for other crypto ETFs that are pending approval, such as those from firms like Bitwise and WisdomTree.

SEC對Solana ETF的決定將對其他批准的加密ETF產生影響，例如Bitwise和WisdomTree等公司的批准。

It will also influence the broader strategy of the agency in managing the emerging digital asset industry.

它還將影響該機構在管理新興數字資產行業方面的更廣泛戰略。

Solana’s role in DeFi and strategic investments

Solana在DEFI和戰略投資中的作用

Solana’s blockchain is known for its high scalability, enabling rapid processing of transactions—up to 65,000 transactions per second with low fees, compared to Bitcoin’s one transaction per block.

Solana的區塊鏈以其高可擴展性而聞名，可以快速處理交易 - 與比特幣的每塊交易相比，每秒以低費用為65,000筆交易。

This capability contributes to Solana’s role in supporting decentralized applications and facilitating real-world utility.

這種能力有助於Solana在支持分散應用程序和促進現實世界實用程序中的作用。

The Solana ETF would provide a new avenue for investors to gain exposure to this network in a regulated format. Grayscale’s proposal highlights Solana’s increasing prominence among digital assets.

Solana ETF將為投資者提供新的途徑，以以受管制的格式獲得該網絡。 Grayscale的提議凸顯了Solana在數字資產中的越來越重要。

Various market players are integrating Solana into their long-term strategies, showcasing its relevance in both retail and institutional segments. Firms like Defi Development Corporation are making significant capital commitments to Solana, signaling their confidence in its future performance.

各種市場參與者都將Solana納入其長期戰略，展示其在零售和機構領域的相關性。像Defi Development Corporation這樣的公司正在對Solana做出重大的資本承諾，表明其對未來績效的信心。

These firms typically prefer direct asset holdings over ETF structures, as it allows for more operational flexibility and potential yield benefits. But the Solana ETF could attract participants who prefer investing in regulated financial instruments.

這些公司通常更喜歡直接資產持有，而不是ETF結構，因為它允許更具運營的靈活性和潛在的收益率。但是Solana ETF可以吸引喜歡投資受管制金融工具的參與者。

The SEC’s review of the Solana ETF comes amid broader changes in crypto policy. Several spot Solana ETF proposals were filed in the final months of the Biden administration, which is known for its focus on climate change and social impact investing.

SEC對SOLANA ETF的評論是在加密政策的更大變化之中。在拜登政府的最後幾個月中，提出了一些現場Solana ETF提案，該提案以其重點關注氣候變化和社會影響投資而聞名。

The Trump administration’s (2017-2021) acknowledgment of an SOL ETF adds a political dimension, especially given the rapid turnover of political appointees at the SEC.

特朗普政府（2017-2021）對SOL ETF的承認增加了政治方面，尤其是考慮到SEC政治任命的迅速營業額。

After a 240-day processing period, the SEC will decide whether to approve, deny, or further defer the Solana ETF. This decision will test the balance between innovation and regulation in the fast-evolving domain of digital finance.

經過240天的處理期，SEC將決定是否批准，拒絕或進一步推遲Solana ETF。該決定將測試數字融資快速發展領域的創新與監管之間的平衡。

Trump’s public support for blockchain development during his term may translate into a more favorable view of cryptocurrencies, which could influence the SEC’s stance on the Solana ETF.

特朗普在任期內對區塊鏈發展的公眾支持可能會轉化為更有利的加密貨幣觀點，這可能會影響SEC對Solana ETF的立場。

The classification of Solana as a security, according to prior regulatory guidance, would complicate the approval process. However, the current filings from Grayscale and other firms signify a shift towards mainstream adoption of digital assets.

根據先前的監管指南，將Solana作為安全性將其分類會使批准過程變得複雜。但是，灰度和其他公司的目前申請表明，向主流採用數字資產的轉變。

Despite the Solana ETF, firms are still pursuing alternative strategies. For instance, several companies have announced investments in Bitcoin as part of their treasury management plans.

儘管有Solana ETF，但公司仍在採取其他策略。例如，一些公司宣布對比特幣進行投資，這是其財政管理計劃的一部分。

Firms like Harvest Savings & Investment and Factorial Capital have disclosed their commitments to Bitcoin in recent SEC filings, showcasing a diverse range of approaches by institutional investors.

像Harvest Savings＆Investment and Fortorial Capital這樣的公司在最近的SEC文件中披露了對比特幣的承諾，展示了機構投資者的各種方法。

As the SEC continues its review of the Solana ETF, and other firms pursue alternative routes for investing in cryptocurrencies, the competitive landscape within the digital asset space is evolving.

隨著SEC繼續對SOLANA ETF的審查，其他公司則採用替代路線來投資加密貨幣，數字資產領域內的競爭格局正在發展。