Solana ETF Soon? Franklin Templeton Stance Raises Speculations
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The crypto industry is in a buzz with Franklin Templeton’s post as he shared his stance on Solana ETF, this fuels speculations among the investors as this gave crypto enthusiasts a new hope for Solana ETF.
Speculations About Solana ETF
Franklin Templeton gave a ray of hope for Solana enthusiasts as he put light on Solana ETF as he posted on X. He said he was impressed by numerous developments in the Solana ecosystem under Anatoly Yakovenko’s leadership.
On Solana, we see Anatoly’s vision of a single atomic state machine as a powerful use case of decentralized blockchains, lowering information asymmetry. And we are impressed by all the activity seen on Solana in Q4 2023
-DePIN
-DeFi
-Meme coins
-NFT innovation
-Firedancer
— Franklin Templeton (@FTI_US) January 17, 2024
This comes as the SEC has recently approved Bitcoin ETF after rejecting many applications and several debates. The hangover of Bitcoin ETF approval has left hope in many other firms who are willing to file for ETF.
Ethereum ETF On the Way?
Templeton also shared his insights on Ethereum as we have seen hype of Ethereum ETF since Bitcoin ETF was approved. The expected date for the Ethereum ETF is 23 May and many prominent personalities in the crypto space like BlackRock CEO Larry Fink have shared their thoughts as they see value in having an Ethereum ETF.
“We are excited about ETH and its ecosystem. Despite the midlife crisis it’s recently experienced, we see a bright future with many strong tailwinds to push the Ethereum ecosystem forward,”
Franklin Templeton
Filed under: Bitcoin - @ January 18, 2024 5:16 am