Franklin Templeton Endorses Solana, Sparks Solana ETF Speculations!
The post Franklin Templeton Endorses Solana, Sparks Solana ETF Speculations! appeared first on Coinpedia Fintech News
Franklin Templeton has recently endorsed Solana sparking speculations about a potential spot Solana ETF. Just yesterday, Franklin Templeton’s Ethereum ETF debuted, attracting $13.2 million in initial inflows. Moreover, its Bitcoin ETF holds assets exceeding $450 million.
Franklin Templeton Next To File Spot Solana ETF?
“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,” Franklin Templeton stated.
This positive outlook has fueled speculation about a forthcoming Solana ETF. Community members believe that Franklin Templeton might be the next to file for a spot Solana ETF, after VanEck and 21Shares.
ETF Store President Affirms SOL ETF is Next, ETF Era Coming Up?
The President of the ETF Store, Nate Geraci affirmed the sentiment predicting that Solana ETF is next. He also predicted the imminent launch of an ETF that would bundle Bitcoin, Ethereum, and Solana. Geraci’s forecasts are notably reliable given his history of accurately anticipating crypto ETF trends.
The CIO at Bitwise, Matt Hougan remarked that in the long term, as we look into 2025, we will enter an ETF era of crypto. We are going to see ETFs on multiple crypto assets and we are going to see index-based ETFs remarked Hougan, noting the existing filings for Solana-based ETFs.
Furthermore, the Chicago Board Options Exchange (CBOE) recently submitted form 19b-4s for Solana ETFs to the US Securities and Exchange Commission (SEC). This submission initiates a rule change proposal, inviting public commentary and setting a decision timeline that extends into 2025. Political outcomes could also impact the approval probabilities of these ETFs.
When Is Solana ETF Coming?
According to industry analysts, the first spot Solana ETF applications should receive final decisions from the US SEC around the middle of March 2025.
“Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most important date is in November. If Trump wins, anything is possible,” stated the Bloomberg ETF analyst, Eric Balchunas. He had also predicted that Ether ETFs would pave the way for more crypto ETFs, including Solana-based spot ETFs.
