金丝雀的Solana ETF Gambit：腌泡汁替代酱汁

Canary Capital的Solana ETF提案融合了腌泡汁，旨在提高回报。这是加密ETF的未来吗？

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，伙计们！加密ETF的世界将变得更加有趣。 Canary Capital Group正在推动其Solana ETF前进，而他们不仅持有Sol。他们正在用腌料融资来创造它，以产生额外的产量。这可能是改变游戏规则的人。

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

加那利腌制的Solana ETF怎么办？

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对SEC的S-1修订文件揭示了一项计划，启动了“金丝雀腌制Solana ETF”。主要目标？跟踪Solana的价格。但是，这是踢球者：ETF还旨在通过Stataking获得更多的SOL，专门与Marinade Finance合作。

Staking for Extra Yield: A Novel Approach

积累以获得额外的收益：一种新颖的方法

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.

这不是您爷爷的ETF。通过存放SOL，该基金积极参与Solana Network，并获得了奖励，然后将其传递给投资者。 Bitgo Trust Company将通过Marinade的协议来处理该公司，以确保私钥保持安全。纳斯达克（Nasdaq）等其他公司也正在探索索拉纳（Solana）的纪念品，以表明趋势的增长。

Why Marinade Finance?

为什么要腌制金融？

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是选定的Staking提供商。 ETF将通过Marinade持有大部分Sol Holdings，以赢得积分奖励。搁置一些溶胶以支付赎回，费用或保护基金的资产。

The Risks and Rewards

风险和奖励

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.

当然，这并不是所有的阳光和彩虹。该文件承认潜在的风险，包括未来对Solana网络的“削减”处罚的可能性以及与放置锁定期有关的流动性风险。但是，增强回报的潜力使这是一个引人注目的主张，尤其是考虑到对Stating ETF的强烈需求。

Solana Leading the ETF Race

索拉纳领导ETF竞赛

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个加密ETF应用中以16份文件领导该包。预计SEC将在2025年10月10日之前做出决定，有可能为新的Solana投资产品开放闸门。像Bitwise，Grayscale，Vaneck，Fidelity和Invesco/Galaxy这样的大型玩家都在混在一起，争夺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.

将Staking集成到ETF中是一个明智的举动。这是一种向投资者提供价格不仅仅是价格敞口的方式；这是一个积极参与网络并获得奖励的机会。 ETF旨在使对传统投资者的投资更加容易，更安全，同时还避免使用衍生品，降低对手和信用风险。我认为金丝雀首都在这里的某些东西，看看SEC的响应方式会很有趣。

The Bottom Line

底线

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.

金丝雀腌制的Solana ETF代表了增长的均匀加密ETF的趋势，为投资者提供了对Solana的监管，同时参与了积分奖励。

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试图用一点腌料来增添ETF游戏。它会起作用吗？只有时间会证明。但是可以肯定的是：加密投资的未来看起来更加美味。