在讨论 Solana ETF 的安全分类后，SEC 暂停了其审批流程

正如 Colin Wu 所指出的，美国证券交易委员会 (SEC) 已暂停基于 Solana 的交易所交易基金 (ETF) 的审批流程。

The U.S. Securities and Exchange Commission (SEC) has paused the approval process for exchange-traded funds (ETFs) linked to Solana (SOL) following discussions with potential issuers on whether the digital asset should be classified as a security, a designation that has faced regulatory hurdles in the past.

在与潜在发行人讨论该数字资产是否应被归类为证券后，美国证券交易委员会 (SEC) 暂停了与 Solana (SOL) 相关的交易所交易基金 (ETF) 的审批流程，这一指定已面临挑战。过去的监管障碍。

As a result, filings to initiate the approval process were withdrawn by Cboe BZX, stalling any immediate prospects for Solana ETFs.

因此，Cboe BZX 撤回了启动审批程序的申请，从而使 Solana ETF 的近期前景陷入停滞。

According to The Block, the U.S. SEC discussed concerns with ETF issuers that Solana might be classified as a security. The SEC subsequently agreed with Cboe not to submit the relevant 19b-4 form to avoid initiating the approval process. VanEck's S-1 registration…

据 The Block 报道，美国 SEC 与 ETF 发行人讨论了 Solana 可能被归类为证券的担忧。 SEC 随后同意 Cboe 不提交相关 19b-4 表格，以避免启动审批程序。 VanEck 的 S-1 注册...

— Wu Blockchain (@WuBlockchain) August 20, 2024

— Wu Blockchain (@WuBlockchain) 2024 年 8 月 20 日

The decision comes after ETFs for Ethereum and Bitcoin were approved, highlighting the challenges faced by Solana in obtaining approval under the current administration. Market observers had anticipated this delay, considering the SEC’s stance that Solana may be a security.

这一决定是在以太坊和比特币 ETF 获得批准后做出的，突显了 Solana 在当前政府下获得批准所面临的挑战。考虑到 SEC 认为 Solana 可能是一种证券的立场，市场观察人士已经预料到了这种延迟。

For instance, Nate Geraci, president of The ETF Store, and James Seyffart, a prominent ETF expert, previously suggested that approval for Solana ETFs is unlikely during the Biden administration.

例如，The ETF Store 总裁 Nate Geraci 和著名 ETF 专家 James Seyffart 此前表示，在拜登政府期间不太可能批准 Solana ETF。

Geraci indicated that the administration’s stance could impact any new developments, with Seyffart noting the first possible chance for a Solana ETF might not arise until 2025 or later.

Geraci 表示，政府的立场可能会影响任何新的进展，Seyffart 指出 Solana ETF 的首次可能机会可能要到 2025 年或更晚才会出现。

Filings Removal Halts Approval ProcessThe removal of the 19b-4 filings for Solana ETFs has effectively frozen the approval process. According to sources familiar with the matter, these filings are crucial for obtaining regulatory clearance and initiating the countdown for the SEC’s formal review.

申请删除暂停了审批流程 Solana ETF 19b-4 申请的删除实际上冻结了审批流程。据知情人士透露，这些文件对于获得监管许可和启动 SEC 正式审查的倒计时至关重要。

By withdrawing the forms, Cboe BZX and the SEC have avoided starting any clock toward a decision. Market participants noticed the absence of these filings over the weekend, as related documents no longer appear on either the Cboe website or the Federal Register.

通过撤回表格，Cboe BZX 和 SEC 避免了启动任何决定的时间。市场参与者注意到周末没有这些文件，因为相关文件不再出现在芝加哥期权交易所网站或联邦公报上。

Meanwhile, VanEck’s S-1 registration statement for its Solana ETF is still available on the SEC’s EDGAR system, though other filings from issuers, like 21Shares, are less accessible. Despite the paused filings, some issuers are expected to regroup and make another attempt at securing approval.

与此同时，VanEck 的 Solana ETF 的 S-1 注册声明仍然可以在 SEC 的 EDGAR 系统上找到，尽管 21Shares 等发行人的其他文件不太容易访问。尽管申请暂停，但预计一些发行人将重组并再次尝试获得批准。

To achieve this, they must navigate complex listing requirements, including the establishment of a Commodity Futures Trading Commission (CFTC)-regulated market for Solana, which currently poses a hurdle.

为了实现这一目标，他们必须满足复杂的上市要求，包括为 Solana 建立商品期货交易委员会 (CFTC) 监管的市场，而这目前构成了障碍。

VanEck Proposes Solana ETF Notably, VanEck, known for its Bitcoin and Ethereum ETFs, officially submitted an application for a Solana ETF in July. The firm highlighted Solana's blockchain advantages in scalability, low transaction costs, and speed.

VanEck 提出 Solana ETF 值得注意的是，以比特币和以太坊 ETF 闻名的 VanEck 在 7 月份正式提交了 Solana ETF 的申请。该公司强调了 Solana 的区块链在可扩展性、低交易成本和速度方面的优势。

By comparing it to Ethereum, VanEck positions Solana as a strong candidate for a commodity-based classification, arguing that SOL shares characteristics with Bitcoin and Ethereum, which are not considered securities.

通过将 Solana 与以太坊进行比较，VanEck 将 Solana 定位为基于商品的分类的有力候选者，并认为 SOL 与比特币和以太坊具有相同的特征，而比特币和以太坊不被视为证券。

However, experts like Seyffart suggest that while demand for a Solana ETF is expected to grow, it will take several years and might depend on a new regulatory landscape.

然而，Seyffart 等专家表示，虽然对 Solana ETF 的需求预计会增长，但这需要几年时间，并且可能取决于新的监管环境。