Franklin Templeton joins race for Solana spot ETF

Franklin Templeton has added to the list of companies that are considering the approval of a Solana stock market on the stock market.

On February 11, the asset manager of 1.5 dollars billion laid Registration documents for a trust of Franklin Solana in Delaware, joining other companies that seek to bring Solana (GROUND) ETF spot on the American market. The recording sees Franklin Templeton officially enter the quick heating space which is ETF Altcoin applications.

Franklin’s deposit in Delaware alludes to an FNB Spot deposit, which is a process that other issuers have followed before. If that happens, Franklin will join Canary, Grayscale, 21Shares, Vaneck and Bitwise in the race to bring the ETF Sol on the market.

In particular, that Franklin filed documents for Solana Trust is not a surprise. The asset manager expressed AA Handy perspectives for soil From July 2024.

The company said at the time that Solana was among the other “exciting” crypto projects that could stimulate adoption alongside Bitcoin and Ethereum. A factor signaling maturity for Solana is overcome by the network of previous technological growth pain.

Having approved ETF Spot for Bitcoin (BTC) and Ethereum (Ethn) In 2024, the Securities and Exchange American Commission reported a potential addition of more products with the recognition of 19B-4 forms for Litecoin and Solana ETF applications.

The SEC recently confirmed the applications of Graycale and Canary for the list of negotiated funds on the stock market on both altcoins.

Indeed, Bloomberg James Seyffart and Eric Balchunas analysts indicate 90% chance that the regulator wink at an ETF Litecoin.

The LTC price has crowded In the middle of anticipation.