Franklin Templeton, one of the largest investment firms, has filed with the SEC for a Solana-based exchange-traded fund (ETF) that includes staking in its structure.
Franklin Templeton's Solana ETF Application
Franklin Templeton's filing mentions an intention to include staking in the fund's structure. According to the document, the fund will be able to participate in staking and earn rewards in Solana tokens.
Changes in Crypto Investment Regulation
Franklin Templeton's proposal emerges amidst growing interest in Solana ETFs following changes in SEC leadership and a more crypto-friendly regulatory environment. SEC under the previous chair, Gary Gensler, took a cautious stance on crypto. Approval of spot Bitcoin ETFs after Grayscale's lawsuit against the SEC paved the way for Ethereum and potentially other crypto-based investment vehicles.
Future of Staking in ETFs
Companies are now discussing staking inclusion in Solana ETFs with the SEC. Similar discussions are also occurring regarding Ethereum ETFs. Bloomberg analyst James Seyffart predicts that staking will eventually be allowed for all proof-of-stake assets within ETF structures. While regulatory clarity is still needed, Ethereum staking applications are expected to be reviewed before those for Solana.
Despite the remaining regulatory uncertainties, interest in Solana ETFs with staking inclusion continues to grow, which may lead to significant changes in crypto investments.
