Vaneck的Solana ETF Gambit：Jitosol和加密貨幣的未來

Vaneck正在使用其擬議的Solana ETF引起浪潮，這一舉動可以重新定義加密投資。這是受監管的污染暴露的未來嗎？

VanEck's Solana ETF Gambit: JitoSOL and the Future of Crypto Yield

Vaneck的Solana ETF Gambit：Jitosol和加密貨幣的未來

The buzz around Solana, ETFs, and VanEck is reaching fever pitch. VanEck's bold move to launch a Solana ETF focused on JitoSOL, a liquid staking token, could be a game-changer. This article dives into the implications of this filing and what it means for the future of crypto investing.

Solana，ETF和Vaneck周圍的嗡嗡聲正達到發燒。 Vaneck大膽地推出了專注於Jitosol的Solana ETF，這是一個液體固定令牌，可能會改變遊戲規則。本文深入了解該文件的含義以及對加密投資的未來意味著什麼。

The VanEck JitoSOL ETF: A First of Its Kind

Vaneck jitosol ETF：同類的第一個

VanEck, managing around $89 billion in assets, filed with the SEC to launch the VanEck JitoSOL ETF. This ETF would hold JitoSOL, a liquid staking token tied to the Solana blockchain. If approved, this would be the first U.S. ETF fully backed by a liquid staking token, giving investors regulated exposure to Solana staking rewards. This move signals rising institutional interest in decentralized-finance yield strategies.

Vaneck管理約890億美元的資產，並向SEC提交了Vaneck Jitosol ETF。該ETF將容納Jitosol，這是一種與Solana區塊鏈綁在一起的液體含有令牌。如果獲得批准，這將是第一個由液體含有代幣完全支持的美國ETF，這使投資者受到監管對Solana Staking Rewards的接觸。此舉表明，分散金屬收益策略的機構利益上升。

Why JitoSOL Matters

為什麼吉質很重要

JitoSOL is not just another token; it represents staked Solana plus its accrued rewards. VanEck's S-1 filing proposes a fund solely holding this staking derivative. According to the Jito Foundation, this filing results from a meticulous campaign to engage with the SEC and align liquid staking tokens with the regulator’s framework.

Jitosol不僅是另一個像徵。它代表了固定的solana加上其應計獎勵。 Vaneck的S-1申請提出了一個僅持有這種藏匿衍生物的基金。根據Jito Foundation的說法，該申請是由一項細緻的運動引起的，該運動旨在與SEC互動，並使液體含有代幣與監管機構的框架保持一致。

Rebecca Rettig, the Jito Foundation’s Chief Legal Officer, initially argued that JitoSOL operates as decentralized infrastructure, not a security. SEC interventions in May and August further clarified that certain staking activities don't inherently implicate securities laws, building a policy foundation for products like the VanEck JitoSOL ETF.

Jito基金會的首席法律官麗貝卡·雷蒂格（Rebecca Rettig）最初認為，吉特爾（Jitosol）作為分散基礎設施而不是安全性。 SEC在5月和8月的干預措施進一步澄清說，某些固定活動並不固有地牽涉到證券法，而是為Vaneck Jitosol ETF等產品建立政策基礎。

Solving the Liquidity Problem

解決流動性問題

The ETF structure, by using JitoSOL, solves a fundamental liquidity problem inherent in staking. The token eliminates unbonding periods, allowing the fund to manage daily creations and redemptions seamlessly while the underlying SOL continues to earn staking rewards. This is a big deal because it makes staking more accessible to a broader range of investors.

ETF結構通過使用jitosol解決了均勻固有的基本流動性問題。代幣消除了無束縛的時期，使基金能夠每日創造和贖回，而底層溶膠繼續獲得積極的獎勵。這很重要，因為它使更多的投資者更容易訪問。

The Broader Trend: Institutional Interest in Crypto Yield

更廣泛的趨勢：對加密貨幣產量的機構興趣

VanEck’s proposal comes shortly after REX-Osprey moved to integrate JitoSOL into its own Solana staking ETF, signaling a burgeoning institutional arms race centered on yield-bearing strategies. Asset managers are moving beyond simple spot exposure to offer investors efficient access to crypto’s native yield economy within regulated wrappers.

Vaneck的提議提出了不久之後，Rex-Osprey搬到將Jitosol整合到自己的Solana Staking ETF中，這表明了以承擔屈服策略為中心的新興機構武器競賽。資產經理正在超越簡單的現場曝光，以便為投資者提供有效的訪問權限的包裝器中加密貨幣的本地收益經濟。

Alternatives to Solana?

Solana的替代品？

While the VanEck ETF focuses on Solana, it's worth noting that investors are also eyeing alternatives like Polkadot (DOT), VeChain (VET), and Remittix (XRem). These altcoins are seen as potential high-growth opportunities. Even meme coins like Pepe Coin (PEPE) and Shiba Inu (SHIB) are showing bullish momentum, though these are more speculative.

雖然Vaneck ETF專注於Solana，但值得注意的是，投資者也在關注Polkadot（DOT），Vechain（Vet）（Vet）和Remittix（XREM）等替代方案。這些山寨幣被視為潛在的高增長機會。即使是模因硬幣（Pepe Coin（Pepe））和Shiba Inu（Shib）也表現出了看漲的動力，儘管這些勢頭更具投機性。

For example, Polkadot is gaining traction as institutional interest in Solana-based ETFs faces uncertainty. Analysts project a potential 5x to 7x increase in the next few months for DOT. VeChain is highlighted for its supply chain partnerships with major brands, suggesting a potential 4x price increase. Remittix is emerging as a promising project with a projected 10x price surge, driven by its listing on BitMart and upcoming beta wallet launch.

例如，隨著基於Solana的ETF的機構興趣，Polkadot正在獲得關注。分析師在接下來的幾個月中向DOT預計，潛在的5倍至7倍增加。 Vechain因其與主要品牌的供應鏈合作夥伴關係而被強調，這表明潛在的4倍價格上漲。 Remittix正在成為一個有前途的項目，預計10倍價格飆升，這是由於其在Bitmart和即將到來的Beta Wallet發射的上市而驅動的。

BlackRock's Moves: A Contrasting View

貝萊德的舉動：對比的視圖

Interestingly, while VanEck is pushing forward with a Solana ETF, BlackRock, the world's largest asset manager, has been actively liquidating its Bitcoin holdings. Recent transactions show BlackRock selling off significant amounts of Bitcoin and Ethereum from its ETFs, reflecting a broader trend of outflows from crypto ETFs as investor sentiment cools. This divergence highlights the complex dynamics at play in the crypto market, where different institutions are pursuing varied strategies.

有趣的是，儘管Vaneck正在使用Solana ETF推動，但世界上最大的資產經理BlackRock一直在積極清算其比特幣持有量。最近的交易表明，貝萊德從其ETF中賣出了大量的比特幣和以太坊，這反映了Crypto ETF的流出趨勢，因為投資者的情緒很酷。這種差異強調了加密市場中不同機構正在採取各種策略的複雜動態。

Final Thoughts

最後的想法

VanEck's JitoSOL ETF is a bold step towards bringing regulated DeFi exposure to the masses. Whether the SEC will give it the green light remains to be seen, but one thing is clear: the race to offer innovative crypto investment products is heating up. Keep an eye on this space—it's bound to get even more interesting. It's like watching a high-stakes poker game, but with blockchain and ETFs!

Vaneck的Jitosol ETF是朝著將受調節的Defi暴露在群眾中的大膽一步。 SEC是否會給它帶來綠光還有待觀察，但很明顯：提供創新的加密投資產品的競賽正在加熱。密切關注這個空間 - 它一定會變得更加有趣。這就像觀看高風險的撲克遊戲，但有區塊鍊和ETF！