VanEck：我们为什么要申请SOL ETF？

Odaily星球日报Published on 2024-06-27Last updated on 2024-06-27

Abstract

SOL或将在2030年达到每枚3211美元。

原文作者：Matthew Sigel，VanEck

原文编译：Ismay，BlockBeast

编者按：一直以来，SOL 被期待成为继比特币和以太坊之后的第三个 ETF。然而，SEC 曾将 SOL 定性为证券，阻碍了其 ETF 的推进。如今，VanEck 提出了首个 Solana ETF 的申请，这是一个振奋人心的消息，标志着迈向批准的重要第一步。这一举措不仅显示出市场对 Solana 的信心，更预示着加密货币生态系统的进一步发展。VanEck 数字资产研究主管 Matthew 详细介绍为何 SOL 有潜力成为一种重要的数字商品，以及 VanEck 对其未来的展望。

以下为原文内容：

我很高兴地宣布，VanEck 刚刚在美国提交了首个 Solana ETF 的申请，以下是我们认为 SOL 是一种商品的一些看法。

为什么我们要申请这个 ETF？

作为以太坊的竞争对手，Solana 是一种开源区块链软件，旨在处理各种应用，包括支付、交易、游戏和社交互动。Solana 区块链作为一个全球单一状态机运行，没有分片或第二层解决方案，其独特的可扩展性、速度和低成本的结合可能为许多用例提供更好的用户体验。

通过每秒处理数千笔交易且费用极低，并采用结合了 proof-of-history 和 proof-of-stake 的先进安全机制，我们相信 Solana 作为一个强大且易于访问的区块链软件脱颖而出。我们认为这种高吞吐量、低费用、强大安全性和强大社区氛围的结合，使得 Solana 成为一个有吸引力的交易所交易基金选项，为投资者提供接触一个多功能且创新的开源生态系统的机会。

为什么我们认为 SOL 是一种类似于比特币、以太坊的商品？

我们认为原生代币 SOL 的功能类似于其他数字商品，如比特币和以太坊。它被用来支付区块链上的交易费用和计算服务。就像以太坊网络上的 ETH 一样，SOL 可以在数字资产平台上交易或用于点对点交易。

Solana 生态系统支持的广泛应用和服务，从 DeFi 到 NFT，都强调了 SOL 作为数字商品的实用性和价值。没有任何单一中介或实体运营或控制 Solana 网络，这一原则被称为去中心化。交易验证和记录基础设施由由全球众多独立验证者组成的多元用户基础共同维护。这些验证者负责处理交易并保护网络，确保没有任何单一实体可以垄断系统。

SOL 的去中心化特性、高实用性和经济可行性与其他已建立的数字商品的特征一致，这加强了我们对 SOL 作为一种有价值商品的信念，能够为寻求替代双寡头应用商店的投资者、开发者和企业家提供用例。

VanEck：我们为什么要申请SOL ETF？

原文链接

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
CapricornAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE

Related Reads

Veterans of the 'Little Smart' Era Return, This Time Leading a Robot Company in a Sprint to an IPO

UTStarcom Veteran Returns: Robot Maker Rushes for IPO On August 24, UDI Robot passed the listing hearing for the Hong Kong Stock Exchange main board. Known for its delivery robots in hotels and KTVs, the company was founded in 2013 by Lu Ying, former CEO of the once-dominant "PHS" phone maker UTStarcom, and other ex-colleagues. UDI has five main product series, including indoor delivery, outdoor delivery, and cleaning robots. Significantly, its business model is shifting from hardware sales to recurring service revenue. In 2025, AI vision model solutions contributed 37.5% of its total revenue of ~318 million RMB, while robot product sales accounted for 42.5%. However, its overall business remains unprofitable, with a cumulative net loss of 5.44 billion RMB from 2023 to Q1 2026. A key challenge is low hardware毛利率 (gross margin for robot products was 8.3% in 2025). Despite losses common in the robotics sector, UDI's deficit is narrowing. It has raised ~989 million RMB over 13 pre-IPO rounds from investors including Alibaba (Ele.me, Yunfeng Capital), Legend Capital, SenseTime, and hotel chains like Huazhu. The founding team, largely from UTStarcom, collectively controls 33.40% of the company. UDI ranks as China's third-largest commercial service robotics company with an 8.9% market share in 2025. Its IPO, sought via Hong Kong's special tech chapter 18C, aims to fund R&D, expansion, and working capital, marking a comeback attempt for the "PHS" veterans in a new technological era.

marsbit2m ago

Veterans of the 'Little Smart' Era Return, This Time Leading a Robot Company in a Sprint to an IPO

marsbit2m ago

Zuck refuses to give up, secretly develops one of his own called 'Hatch', but the model uses Claude...

Meta, led by Mark Zuckerberg, is developing a new AI agent platform called "Hatch" after its reported unsuccessful attempt to acquire Manus. Described as a "consumer version of OpenClaw," Hatch aims to automate tasks across various digital services. The platform is trained on simulated versions of services like DoorDash, Etsy, Reddit, Yelp, and Outlook, and is deeply integrated with Meta's own ecosystem, including Instagram, Facebook, and WhatsApp. Its goal is to enable end-to-end task completion, such as identifying a product in a social media post, comparing prices, and facilitating purchases. During development, Hatch is reportedly relying on Anthropic's Claude model. However, Meta plans to transition to its proprietary model, Muse Spark, for the official launch, with a newer model named Watermelon expected in October. This phased migration highlights potential technical challenges, as switching core models can affect performance and user experience. Priced at up to $199.99 per month, Hatch targets consumers willing to pay for significant time savings. Its key advantage is default distribution within Meta's vast suite of apps, potentially giving it access to rich user context. However, it faces major hurdles in real-world reliability, needing to handle complex, dynamic web environments, authentication changes, and anti-bot measures that differ from its controlled training simulations. The move represents Meta's strategic push to monetize AI directly beyond its core advertising business.

marsbit3m ago

Zuck refuses to give up, secretly develops one of his own called 'Hatch', but the model uses Claude...

marsbit3m ago

IOSG: U.S. Bonds, AI, and Inflation Can't All Be Had. Which Side Should BTC Bet On?

**Title: IOSG: Can't Have It All – Treasury Bonds, AI, and Inflation. Where Should BTC Bet?** **Core Thesis:** Washington is likely to prioritize stabilizing the Treasury market and sustaining the AI investment cycle, accepting higher inflation for longer as the trade-off. This creates sustained tailwinds for both gold and Bitcoin by injecting liquidity and shifting duration risk away from private balance sheets. **Key Issue:** The critical macro price is no longer the Fed funds rate, but the yield investors demand to hold long-term US Treasuries. Recent surges in 10-year and 30-year yields stem from a combination of persistent inflation risks, heavy fiscal supply, thinning demand for duration, and new competition for capital from massive AI infrastructure investments. **The Trilemma:** The US faces a difficult choice between controlling inflation, maintaining Treasury market stability, and fostering the AI growth cycle. Political pressure suggests inflation control is the most likely sacrifice. **Treasury's Response:** Measures by Treasury Secretary Besant focus on defending the bond market: supporting the Yen to prevent forced Japanese Treasury sales, increasing long-end liquidity via repos (effectively shortening government debt maturity), and a potential shift toward more short-term bill issuance. This could generate significant liquidity, reigniting "currency debasement" trades. **Gold's Role:** Gold's ~90% surge since mid-2024 is not just an inflation hedge but a bet on monetary debasement as a politically viable path out of the debt cycle, driven by declining dollar trust. **Bitcoin's Positioning:** Bitcoin has historically failed to correlate with gold during "debasement" rallies. However, its recent strong performance alongside Treasury's liquidity actions suggests the market may be treating it as a "stealth QE" trade—a scenario where crypto assets typically thrive amid expanding global liquidity. For BTC to firmly join the "debasement hedge" category, this correlation needs to persist. **Conclusion & Risks:** The framework suggests that preserving market stability and the AI cycle will likely mean shorter debt maturity,常态化 liquidity backstops, and tolerance for higher inflation—favorable for gold and BTC. This outlook would be undermined if inflation falls toward 2%, a credible fiscal path emerges, AI becomes self-funding, or private demand absorbs debt without higher term premiums. The key question is which corner of the trilemma breaks first; accelerated "duration transfer" by the Treasury would mean a longer tailwind for Bitcoin.

marsbit18m ago

IOSG: U.S. Bonds, AI, and Inflation Can't All Be Had. Which Side Should BTC Bet On?

marsbit18m ago

How 5G Will Be Launched in Russia: The Digital Ministry's Proposal and the Roadmap to 2035

Russia's Ministry of Digital Development has proposed a plan for launching 5G networks. It allows the "Big Four" mobile operators (Beeline, Megafon, MTS, T2) to deploy 5G on existing 4G/LTE base stations and frequencies, and will allocate them the new 4.63–4.99 GHz band. A key element is "technological neutrality," permitting the use of foreign equipment until September 2026. The new 4.63–4.99 GHz band is intended for more advanced services and industrial applications. However, a phased transition to Russian-made base stations will begin in 2027, with a target of at least 50% domestic equipment by 2030. The rollout timeline aims for 5G in cities with over 1 million people by the end of 2027, expanding to 84 cities by 2035. Initial "5G Ready" service, operating over existing infrastructure, will offer minimal speed improvements. Significant speed gains (4-10x over LTE) will require the new band and corresponding equipment. The plan addresses long-standing regulatory delays, including the military's hold on the global standard 3.4–3.8 GHz band. This forced Russia to adopt the 4.63–4.99 GHz range, overlapping with a Chinese band, making Chinese equipment a potential transitional solution. The success of the rollout will depend on equipment supply and the pace of production localization, while a challenge lies in smartphone compatibility with this non-standard frequency band.

cryptonews.ru2h ago

How 5G Will Be Launched in Russia: The Digital Ministry's Proposal and the Roadmap to 2035

cryptonews.ru2h ago

The Federal Reserve Bank of Dallas Announces a Colossal $700 Billion Allocation! How Will This Affect Bitcoin?

The Federal Reserve Bank of Dallas warns that the growing adoption of tokenized deposits in the banking sector could pose unforeseen risks to the financial system. Tokenized deposits, which transfer traditional bank deposits to blockchain infrastructure, offer features like instant settlement and programmable payments. While issued by regulated banks and maintaining deposit characteristics, they could enable customers to move funds between banks much faster in search of higher yields. This would significantly weaken banks' liquidity management and lending capacity. The Fed's analysis estimates that an increase in deposit interest rate sensitivity by 10% could reduce the interest rate risk banks can bear by approximately $700 billion over ten years. Similarly, a 10% shortening of the average deposit maturity could reduce the banking system's capacity to convert deposits into loans by about $580 billion. This acceleration of deposit movement could force banks to rely on more expensive wholesale funding, increasing borrowing costs for consumers and businesses and potentially making traditional banks resemble non-bank financial institutions. While the report does not directly address Bitcoin, the described shifts could have long-term implications. Firstly, the tokenization of deposits by banks could promote institutional adoption of blockchain-based financial infrastructure, indirectly legitimizing digital asset classes like Bitcoin. Secondly, faster-moving deposits and resulting higher funding costs could increase the price of liquidity in the financial system. This could create near-term headwinds for risk assets, including Bitcoin, due to tighter financial conditions and potential selling pressure. The report concludes that widespread adoption of this technology could impact many areas, from payment systems to monetary policy transmission mechanisms.

cryptonews.ru3h ago

The Federal Reserve Bank of Dallas Announces a Colossal $700 Billion Allocation! How Will This Affect Bitcoin?

cryptonews.ru3h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of SOL (SOL) are presented below.

活动图片

Top Questions