Here is the English translation: The news from Mars Finance states that on March 18, according to TheBlock, the Chicago Mercantile Exchange (CME) Solana futures were quietly launched on March 17, with a trading volume of only $12.3 million on the first day and an open interest of $7.8 million, far less than the previous brilliant performance of Bitcoin and Ethereum futures. In their latest report, K33 Research analysts Vetle Lunde and David Zimmerman pointed out that this data reflects the institutional indifference towards Altcoins, and even if a Solana ETF is approved in the future, its boosting effect on the SOL price may be weaker than market expectations. Bitcoin futures were launched at the peak of the bull market in December 2017, with a trading volume of $102.7 million and an open interest of $20.9 million on the first day. Ethereum futures were launched in February 2021 at the beginning of the Altcoin frenzy, with a trading volume of $31 million and an open interest of $20 million on the first day. The launch of Solana futures yesterday was in the context of a risk-averse market and lacked major catalysts. Viewed in terms of market capitalization, the relative performance of Solana futures is close to that of Bitcoin and Ethereum previously, but the stark difference in absolute values reveals a lack of institutional interest. K33's latest report emphasizes that in the current environment, capital is more inclined towards core assets like Bitcoin rather than more volatile Altcoins. The launch of CME futures is often seen as a prelude to the approval of a spot ETF, but analysts believe that even if a Solana ETF is realized, it will be difficult to replicate the frenzy effect of the Bitcoin ETF in 2024, as the Bitcoin ETF was born in the context of the halving expectation and macroeconomic easing, while the current market lacks a similar narrative to drive it. Except for Bitcoin and Ethereum, the institutional derivative markets of other Altcoins are also lacking in growth, reflecting that under the uncertainty of the macroeconomic environment, institutions are more inclined to allocate to "digital gold" rather than high-risk assets. Bitcoin's "commodity" positioning brings a clear compliance path, while Altcoins are still in a gray area. Although facing setbacks in the short term, the developer activity and technical innovation of the Solana ecosystem are still at the forefront of many public chains, and it is expected to usher in a brilliant performance after the spot ETF is approved, but the "institutionalization" of Altcoins is still fraught with difficulties.