Franklin Templeton has stepped up by registering the “Franklin Solana Trust” in Delaware. This could be a hint at possible plans to launch an ETF focused on Solana. This registration sets them alongside big names like Grayscale and Bitwise, all aiming to harness Solana’s burgeoning market presence.
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It also comes at a time when the SEC has been nodding in the right direction, especially as it has recognized several filings for spot Solana ETFs this February. This warm reception shows a massive shift from past hesitations under former SEC leadership, indicating a possibly smoother path ahead for crypto ETFs.
Solana’s ETF Outlook Brightens
The prospects for Solana’s ETF approval are looking brighter with Bloomberg analysts giving it a 70% shot by the end of 2025, particularly after Trump’s re-election seemed to boost those odds. Still, Solana’s status as a security needs clarifying before full steam ahead. If Franklin can clear these hurdles, they could replicate the success of their Bitcoin and Ethereum ETFs listed on the Cboe BZX Exchange.
At the time of writing, Solana is sitting at $195.77.
