Franklin Templeton filed a proposal with the SEC to create an ETF tracking Solana cryptocurrency.
A Regulated Path for Solana Exposure
The proposed ETF would trade on the Cboe BZX Exchange, providing investors with the ability to track Solana's price. Coinbase Custody Trust Company, LLC will act as the custodian for the Solana tokens. The application aims to make this a regulated product, simplifying Solana access for investors.
Transparency and Investor Protection
Transparency is a key feature of the Franklin Solana ETF: the net asset value will be calculated daily, with intraday values updated every 15 seconds. This approach allows investors to make informed decisions about their investments.
The Growing ETF Landscape
Franklin Templeton's filing reflects a broader trend of increased interest in crypto ETFs. Companies like Grayscale Investments and VanEck have recently filed for ETFs tied to various digital assets.
Franklin Templeton's Solana ETF filing highlights the growing interest in regulated crypto-based products and their potential integration into the financial market.
