Vaneck的Solana ETF Gambit：Jitosol和加密货币的未来

Vaneck正在使用其拟议的Solana ETF引起浪潮，这一举动可以重新定义加密投资。这是受监管的污染暴露的未来吗？

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

Vaneck的Solana ETF Gambit：Jitosol和加密货币的未来

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周围的嗡嗡声正达到发烧。 Vaneck大胆地推出了专注于Jitosol的Solana ETF，这是一个液体固定令牌，可能会改变游戏规则。本文深入了解该文件的含义以及对加密投资的未来意味着什么。

The VanEck JitoSOL ETF: A First of Its Kind

Vaneck jitosol ETF：同类的第一个

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管理约890亿美元的资产，并向SEC提交了Vaneck Jitosol ETF。该ETF将容纳Jitosol，这是一种与Solana区块链绑在一起的液体含有令牌。如果获得批准，这将是第一个由液体含有代币完全支持的美国ETF，这使投资者受到监管对Solana Staking Rewards的接触。此举表明，分散金属收益策略的机构利益上升。

Why JitoSOL Matters

为什么吉质很重要

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不仅是另一个象征。它代表了固定的solana加上其应计奖励。 Vaneck的S-1申请提出了一个仅持有这种藏匿衍生物的基金。根据Jito Foundation的说法，该申请是由一项细致的运动引起的，该运动旨在与SEC互动，并使液体含有代币与监管机构的框架保持一致。

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基金会的首席法律官丽贝卡·雷蒂格（Rebecca Rettig）最初认为，吉特尔（Jitosol）作为分散基础设施而不是安全性。 SEC在5月和8月的干预措施进一步澄清说，某些固定活动并不固有地牵涉到证券法，而是为Vaneck Jitosol ETF等产品建立政策基础。

Solving the Liquidity Problem

解决流动性问题

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结构通过使用jitosol解决了均匀固有的基本流动性问题。代币消除了无束缚的时期，使基金能够每日创造和赎回，而底层溶胶继续获得积极的奖励。这很重要，因为它使更多的投资者更容易访问。

The Broader Trend: Institutional Interest in Crypto Yield

更广泛的趋势：对加密货币产量的机构兴趣

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的提议提出了不久之后，Rex-Osprey搬到将Jitosol整合到自己的Solana Staking ETF中，这表明了以承担屈服策略为中心的新兴机构武器竞赛。资产经理正在超越简单的现场曝光，以便为投资者提供有效的访问权限的包装器中加密货币的本地收益经济。

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.

虽然Vaneck ETF专注于Solana，但值得注意的是，投资者也在关注Polkadot（DOT），Vechain（Vet）（Vet）和Remittix（XREM）等替代方案。这些山寨币被视为潜在的高增长机会。即使是模因硬币（Pepe Coin（Pepe））和Shiba Inu（Shib）也表现出了看涨的动力，尽管这些势头更具投机性。

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，随着基于Solana的ETF的机构兴趣，Polkadot正在获得关注。分析师在接下来的几个月中向DOT预计，潜在的5倍至7倍增加。 Vechain因其与主要品牌的供应链合作伙伴关系而被强调，这表明潜在的4倍价格上涨。 Remittix正在成为一个有前途的项目，预计10倍价格飙升，这是由于其在Bitmart和即将到来的Beta Wallet发射的上市而驱动的。

BlackRock's Moves: A Contrasting View

贝莱德的举动：对比的视图

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，尽管Vaneck正在使用Solana ETF推动，但世界上最大的资产经理BlackRock一直在积极清算其比特币持有量。最近的交易表明，贝莱德从其ETF中卖出了大量的比特币和以太坊，这反映了Crypto ETF的流出趋势，因为投资者的情绪很酷。这种差异强调了加密市场中不同机构正在采取各种策略的复杂动态。

Final Thoughts

最后的想法

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是朝着将受调节的Defi暴露在群众中的大胆一步。 SEC是否会给它带来绿光还有待观察，但很明显：提供创新的加密投资产品的竞赛正在加热。密切关注这个空间 - 它一定会变得更加有趣。这就像观看高风险的扑克游戏，但有区块链和ETF！