Franklin Templeton, managing $1.53 trillion in assets, filed an application with the SEC to launch Franklin Solana ETF to track Solana's price.
A Regulated Path for Solana Exposure
The proposed Franklin Solana ETF will trade on the Cboe BZX Exchange, providing direct ownership of Solana and exposure to its price changes. The Coinbase Custody Trust Company, LLC will serve as the custodian of the digital assets.
Transparency and Investor Protection
The ETF will calculate its net asset value daily, giving investors a clear view of the fund's performance. This reduces risks associated with direct cryptocurrency custody.
The Growing ETF Landscape
Franklin Templeton's filing follows a trend of increasing ETF submissions from financial giants like Grayscale Investments and VanEck.
The Solana ETF is proposed alongside other Franklin Templeton crypto ETF initiatives, reflecting a growing interest in cryptocurrency investments.
