Franklin Templeton, managing $1.53 trillion in assets, filed for a Solana-linked ETF with the SEC, aiming to track the price of the cryptocurrency Solana.
A Regulated Path for Solana Exposure
The ETF is set to trade on Cboe BZX Exchange, giving investors a regulated way to track Solana (SOL). Coinbase Custody Trust Company, LLC will act as the custodian for digital assets.
Transparency and Investor Protection
A key point of the Franklin Solana ETF is its transparency. The fund’s NAV will be calculated daily, and indicative values will be updated every 15 seconds.
Trends and Challenges in the ETF Market
Franklin Templeton’s filing is part of a broader trend of increasing crypto ETF applications like XRP and Litecoin. However, regulators continue delay decisions requiring more time for evaluation.
Financial institutions, including Franklin Templeton, are actively pushing for greater integration of cryptocurrencies into traditional markets to simplify investors' access to digital assets.
