{"id":826360,"date":"2025-02-12T07:11:29","date_gmt":"2025-02-12T13:11:29","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/12\/franklin-templeton-joins-solana-etf-race-with-new-filing\/"},"modified":"2025-02-12T07:11:29","modified_gmt":"2025-02-12T13:11:29","slug":"franklin-templeton-joins-solana-etf-race-with-new-filing","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/12\/franklin-templeton-joins-solana-etf-race-with-new-filing\/","title":{"rendered":"Franklin Templeton Joins Solana ETF Race with New Filing"},"content":{"rendered":"
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Franklin Templeton, a global asset management giant and a key player in the Bitcoin ETF space, is now turning its attention to Solana. The firm has officially registered the \u201cFranklin Solana Trust\u201d in Delaware, a move that often signals an upcoming ETF filing<\/a>. If approved, this could open the doors for mainstream investors to gain exposure to Solana \u2013 just like with Bitcoin and Ethereum.<\/p>\n

Let\u2019s take a closer look at what this could mean for Solana and the broader crypto market.<\/p>\n

Growing Competition in the Solana ETF Race<\/h2>\n

Franklin Templeton now joins competitors like Canary Fund and Grayscale, both of which have already made progress toward launching Solana ETFs. The SEC has previously confirmed Solana spot ETF filings from Canary and Grayscale, showing increased institutional interest in the asset.<\/p>\n

Franklin Templeton was also among the first firms to launch a spot Bitcoin ETF in the U.S. Its move into Solana signals growing confidence in the broader adoption of cryptocurrencies beyond Bitcoin and Ethereum.<\/p>\n

Investment Firms Rush to Launch Solana ETFs<\/h2>\n

The race to launch Solana ETFs is heating up. Grayscale has already submitted a 19b-4 form, requesting a rule change to list its Solana ETF. Other firms, including Canary Solana Trust, Bitwise Solana ETF, 21Shares Core Solana ETF, and VanEck Solana Trust, have also joined the competition.<\/p>\n

This surge in filings comes after a shift in crypto regulation following Donald Trump\u2019s election and a leadership change at the SEC. The new acting chairman has taken a more open approach to crypto, raising hopes for ETF approvals.<\/p>\n

Franklin Templeton Expands Its Crypto ETF Plans<\/strong><\/p>\n

Beyond Solana, Franklin Templeton is expanding its crypto offerings. It recently submitted an amended S-1 filing with the SEC for its Franklin Templeton Crypto Index ETF. This fund will initially track Bitcoin and Ethereum, with plans to add more altcoins over time.<\/p>\n

Will the SEC Approve a Solana ETF?<\/h2>\n

The SEC has acknowledged Canary Capital\u2019s Solana ETF filing, but its view of Solana as an unregistered security could cause delays. Analysts believe ETFs for Litecoin and Hedera may be approved before Solana and XRP due to fewer regulatory concerns.<\/p>\n<\/div>\n

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\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"

Franklin Templeton, a global asset management giant and a key player in the Bitcoin ETF space, is now turning its attention to Solana. The firm has officially registered the \u201cFranklin Solana Trust\u201d in Delaware, a move that often signals an upcoming ETF filing. If approved, this could open the doors for mainstream investors to gain<\/p>\n","protected":false},"author":1,"featured_media":826361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23936,90003],"tags":[],"class_list":{"0":"post-826360","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-franklin","8":"category-templeton"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/826360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=826360"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/826360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/826361"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=826360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=826360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=826360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}