Is Franklin Templeton Next in the Race of Solana ETF Filings?

• Franklin Templeton registered “Franklin Solana Trust” in Delaware. 
• The asset management firm will soon join the list of firms filed for Solana spot ETF. 

The number of crypto ETF filings is increasing by the day with the pro-crypto environment in the US government. Most of the major altcoins such as Ethereum, Litecoin, Solana, XRP, and Cardano are going to have their own ETF products in the next few months. 

Seasoned asset management firm Franklin Templeton has recently joined the race of crypto ETF filings. It has registered a “Franklin Solana Trust” in Delaware and is making rounds across the mainstream media. 

Based on the Delaware corporate regulator, this fund was created on Feb 10, 2025 by the CSC Delaware Trust Company. Registering the Franklin Solana Trust fund is the initial step in its final goal of launching a Solana ETF. 

Some of the renowned global asset management firms such as Canary Capital, VanEck, 21Shares, BlackRock, and Grayscale are already far ahead in the race of altcoin ETFs. Recently, the US SEC acknowledged Canary Capital Solana ETF and opened a public comment period. 

The SEC seeking public comments is a positive sign for the ETF filings to get an approval in the near future. Popular Bloomberg analyst James Seyffart recently predicted that there is a 70% probability that Solana ETF gets approved. While Litecoin ETF has a high chance of 90%, XRP and Dogecoin ETFs showed 65% and 75% respectively. 

In addition to Canary Capital, the SEC advanced other Solana ETF filings by Bitwise, VanEck, and 21Shares in the last 24 hours. Since the SEC is showing green light by moving forward with multiple filings at a time, it might attract more Solana ETF filings in the next few days. Franklin Templeton is the next in line to get an approval for the Solana ETF.

The US SEC has also opened a public comment period by advancing the Canary Capital Litecoin ETF recently. With the pro-crypto environment in the US and improving crypto regulations across the globe, the crypto ETF frenzy is gaining popularity in the industry. 

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