Franklin Templeton, managing $1.53 trillion in assets, filed an application with the SEC to launch an ETF tracking the price of Solana, amid growing interest in the fast blockchain and popular dApps.
A Regulated Path for Solana Exposure
The proposed Franklin Solana ETF would trade on the Cboe BZX Exchange, providing exposure to Solana's price fluctuations. The ETF will not register under the Investment Company Act of 1940 and will not operate as a commodity pool.
Transparency and Investor Protection
The Franklin Solana ETF's transparency is key, with NAV calculated daily and intraday indicative values updated every 15 seconds, allowing investors to make informed decisions throughout the trading day.
The Growing ETF Landscape
Franklin Templeton's filing for Solana ETF follows a trend of more ETFs tied to cryptocurrencies. Financial giants such as Grayscale Investments and VanEck have also filed for ETFs tracking various digital assets.
Franklin Templeton's bid for a Solana ETF signifies growing cryptocurrency integration into traditional finance, catering to increasing investor demand for altcoins.
