The post Solana ETF Race Heats Up as SEC Acknowledges New Filing appeared on BitcoinEthereumNews.com.

Franklin Templeton advances its battle for Solana exchange-traded funds (ETFs) through its recent document submission in Delaware. The Franklin Solana Trust entity became officially registered by the firm to launch its spot Solana ETF. The Securities and Exchange Commission (SEC) recently confirmed Canary Capital’s Solana ETF proposal after financial institutions demonstrated a growing interest in SOL ETF. Franklin Templeton Advances Solana ETF Plans Franklin Templeton has taken a major step by registering the Franklin Solana Trust entity in Delaware. The asset manager demonstrates its dedication to building up its crypto offerings because institutions increasingly show interest in these products. ICR Solutions shows that Templeton Franklin participates with the other firms seeking SEC approval for spot Solana ETFs along with Grayscale and Canary Capital. – Advertisement – The investment firm had already filed an amended S-1 filing to the SEC for establishing its Franklin Templeton Crypto Index ETF. When launched, this fund will start by tracking Bitcoin and Ethereum ETFs while the prospect of upcoming altcoin inclusion exists. The need for SEC approval on identical exchange-traded products for each asset limits the ability of Franklin Templeton to incorporate new cryptocurrencies. Through its recent investment move, Franklin Templeton demonstrates its plan to profit from expanding interest in financial products built on the Solana network. The firm joining the race contributes additional drive to continued developments in Solana ETF technology. Regulatory bodies make the last decision about allowing altcoin-based ETFs to exist, even though they persistently review these crypto-asset risks. SEC Considers Multiple Solana ETF Applications The SEC is reviewing several applications for Solana ETFs as firms seek regulatory approval. In June 2024 VanEck became the first company to file for a Solana ETF, which led other businesses to express interest in new products. Four additional firms submitted their applications for Solana ETFs…

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Filed under: News - @ February 12, 2025 10:27 pm