Franklin Templeton, managing $1.53 trillion in assets, filed with the SEC to launch an ETF for Solana, one of the leading cryptocurrencies.
A Regulated Path for Solana Exposure
The proposed Franklin Solana ETF will trade on the Cboe BZX Exchange and provide an investment option in Solana. The ETF will utilize Coinbase Custody Trust Company as the custodian for digital assets. Franklin Templeton believes Solana is resistant to manipulation due to its decentralized nature.
Transparency and Investor Protection
A key feature of the Franklin Solana ETF is transparency. The fund’s net asset value will be calculated daily, with intraday values published every 15 seconds during trading. This offers investors up-to-date data.
The Growing ETF Landscape and Crypto Integration
Franklin Templeton’s filing follows similar moves by firms like Grayscale and VanEck for crypto ETFs. The SEC will review filings for ETFs, including Solana, by April 2025. Franklin Templeton also filed for an XRP ETF, showing increased interest in altcoins.
Franklin Templeton’s Solana ETF filing highlights the growing interest among institutional investors and steps toward integrating Solana into the financial mainstream.
