According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity.
?根据伯恩斯坦最近的一份报告，美国批准现货以太坊（ETH）交易所交易基金（ETF）可能为将索拉纳（SOL）归类为商品开创先例。

The classification of cryptocurrencies as either securities or commodities holds significant implications. Commodity classification facilitates ETF applications and approvals, while security classification subjects assets to stricter SEC oversight.
?将加密货币归类为证券或商品具有重大意义。商品分类有利于 ETF 的申请和批准，而证券分类则使资产受到美国证券交易委员会更严格的监督。

The approval of spot Ethereum ETFs would mean the SEC views the second-largest crypto as a commodity, setting a critical precedent. This would mark the first time a non-Bitcoin digital asset receives such a classification, raising expectations for Solana to follow suit.
?? 现货以太坊 ETF 的批准将意味着美国证券交易委员会把第二大加密货币视为商品，开创了一个重要先例。这将标志着非比特币数字资产首次获得这种分类，从而引发人们对索拉纳效仿的期望。

Ether’s price increased earlier this week after Bloomberg analysts raised the likelihood of SEC approval for spot Ether ETFs to 75% from 25%, following reports that the regulator requested updates to filings. The SEC’s final decisions on these applications are expected later today, on May 23, following multiple delays.
?本周早些时候，彭博社分析师将美国证券交易委员会（SEC）批准以太币现货交易基金（ETF）的可能性从 25% 提高到 75%，此前有报道称该监管机构要求更新申报材料，以太币价格因此上涨。在多次推迟之后，美国证券交易委员会预计将在今天晚些时候，即 5 月 23 日，对这些申请做出最终决定。

Bernstein’s report noted that Bitcoin’s 75% rally following the approval of spot ETFs suggests similar price action for Ethereum after approval of spot ETFs.
?伯恩斯坦的报告指出，比特币在现货 ETF 获批后反弹了 75%，这表明以太坊在现货 ETF 获批后也会出现类似的价格走势。

However, if the SEC rejects the applications, Ethereum could experience significant volatility and a steep price correction in the coming days, according to CryptoQuant research.
?然而，根据CryptoQuant的研究，如果美国证券交易委员会拒绝这些申请，以太坊可能会在未来几天经历大幅波动和价格急剧回调。

Crypto investor Brian Kelly expressed similar optimistic views about Solana and the potential regulatory approval of Ethereum ETF products during a recent CNBC interview. He speculated that SOL could be the next altcoin to receive ETF approval, highlighting it as a likely candidate for investment managers to push forward.
?加密货币投资者布莱恩-凯利（Brian Kelly）最近在接受 CNBC 采访时，对 Solana 和以太坊 ETF 产品可能获得监管部门批准表达了类似的乐观看法。他推测，SOL可能是下一个获得ETF批准的另类币，并强调它可能成为投资经理们推动的候选币。

Kelly emphasized that Bitcoin, Ethereum, and Solana are the “big three” digital assets that might see ETF products approved in this cycle. He noted the success of Bitcoin ETFs, which have collectively amassed a significant amount of Bitcoin, valued at around $58 billion, indicating strong demand for regulated crypto investment products.
?凯利强调，比特币、以太坊和Solana是本轮ETF产品可能获批的 "三大 "数字资产。他指出，比特币 ETF 取得了成功，它们共同积累了大量比特币，价值约为 580 亿美元，这表明市场对受监管的加密投资产品需求强劲。

However, Kelly also acknowledged some skepticism within the Solana community. He mentioned that Solana’s initial coin offering (ICO) and its classification as a security by the SEC could pose challenges for ETF approval.
?不过，凯利也承认索拉纳社区内部存在一些怀疑态度。他提到，Solana 的首次代币发行（ICO）及其被美国证券交易委员会（SEC）归类为证券，可能会给 ETF 的审批带来挑战。

Despite this, Kelly remained optimistic that the shifting regulatory and political landscape might increase the chances of Solana ETF approval if Ethereum ETFs receive the green light.
尽管如此，凯利仍然乐观地认为，如果以太坊 ETF 获得绿灯，监管和政治格局的变化可能会增加 Solana ETF 获得批准的机会。