With a pro-crypto environment in the US, crypto ETF filings are on the rise. Franklin Templeton has registered Franklin Solana Trust in Delaware, aiming to launch a Solana ETF.
Increase in Crypto ETF Filings
The number of companies filing for crypto ETFs is increasing daily. Major altcoins like Ethereum, Litecoin, Solana, XRP, and Cardano are expected to launch their own ETF products in the coming months.
Franklin Solana Trust Registration
Franklin Templeton, a respected asset management firm, recently registered Franklin Solana Trust in Delaware. This is the initial step towards launching a Solana ETF. According to the Delaware regulator, the fund was created on February 10, 2025, by CSC Delaware Trust Company.
Prospects for ETF Approval
Renowned firms like Canary Capital, VanEck, 21Shares, BlackRock, and Grayscale are already leading the race for altcoin ETFs. The US SEC recently acknowledged Canary Capital's Solana ETF and opened a public comment period, a positive sign for possible approval soon. Bloomberg analyst James Seyffart predicted a 70% probability for Solana ETF approval.
Franklin Templeton joins the lineup of firms preparing Solana ETF and may soon receive approval. The pro-crypto policies in the US and strengthening regulations are driving increased interest in crypto ETFs.
