The post Franklin Templeton Joins Solana ETF Race with New Filing appeared first on Coinpedia Fintech News
In a latest development, Franklin Templeton, a global asset management company and spot Bitcoin exchange-traded fund (ETF) issuer, has filed corporate registration documents for the “Franklin Solana Trust” in Delaware, USA.
This indicates that it joins competitors like Canary Fund and Grayscale in pursuing a Solana ETF. This signals that a spot ETF filing may be coming, as this was the process followed by Bitwise and other ETF filings. Previously, the Solana spot ETF filings from CANARY and Grayscale have been confirmed by the SEC.
Notably, Franklin Templeton was among the first firms to launch a spot Bitcoin ETF in the United States, and its expansion into Solana underscores its confidence in broader crypto adoption.
Several investment firms are moving towards launching Solana ETFs, with Grayscale leading the way by filing a 19b-4 form to request a rule change for listing its product. Other firms, including Canary Solana Trust, Bitwise Solana ETF, 21Shares Core Solana ETF, and VanEck Solana Trust, have since joined the race.These filings follow a major shift in crypto regulation, which occurred after the election of Donald Trump and a leadership change at the SEC. Under the new acting chairman, the SEC has revised its stance on crypto.
