The post Solana ETF Chances Grow After Praises by Franklin Templeton appeared on BitcoinEthereumNews.com.

Asset Manager Franklin Templeton praises the Solana (SOL) blockchain for its resilience and significant growth along with Bitcoin (BTC) and Ethereum (ETH). Bloomberg’s analysts believe that the recently listed Ether ETFs provide the grounds for other Crypto ETFs to be launched.  Solana (SOL) ETF received a major boost following a recent X post by $1.5 Trillion Asset Manager Franklin Templeton, lauding the resilience, maturity, and technological breakthroughs of its blockchain. In the post made on July 23, Franklin Templeton likened the Solana blockchain to that of industry heavyweights like Bitcoin (BTC) and Ethereum (ETH), highlighting its demonstration of growth and the potential for high throughput, monolithic, and architecture.  Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward. Solana has shown major adoption and continues to mature, overcoming technological growing pains and highlighting the potential of high-throughput, monolithic architectures. As one of the first issuers of the spot Bitcoin ETFs, Franklin Templeton’s comment means a lot to the ecosystem especially after Analyst Eric Balchunas of Bloomberg Intelligence admitted that the approval of Ether ETFs would pave the way for more altcoin ETFs.  Keep in mind after launch, there are flows, and then add ETH products, I’m sure, then Solana, and then… It’s probably never going to end. The dam has broken. Revisiting GSR Analysis on Potential Solana ETF Approval In late June, Investment manager VanEck filed to list the first Solana ETF in the US. However, a GSR report titled “Is Solana Next?” pointed out that Solana lacks the basic requirements demanded for an ETF to gain approval.  In our review of that report, we deduced that the regulating body primarily expects underlying assets to have federally-regulated futures markets that have operated for years. Unfortunately, Solana “does not tick the…

---

Filed under: News - @ July 26, 2024 1:20 am