2025-03-13
Franklin Templeto filed a 19b-4 with the U.S. Securities and Exchange Commission to launch Solana ETF on March 12, 2025.
This makes it the largest company so far to file for a Solana-based
exchange-traded fund (ETF).
The application was submitted by the Cboe BZX Exchange to the U.S.
Securities and Exchange Commission (SEC) on behalf of Franklin Templeton. The
company manages over $1.5 trillion in assets.
This filing is part of a two-step process for creating a crypto ETF.
If the SEC accepts it, the application will be published in the Federal
Register, starting the approval process.
This comes just a day after Franklin Templeton filed an S-1 to
launch a spot XRP ETF.
Since Donald Trump’s presidency, crypto-friendly policies have led
to more ETF filings beyond just Bitcoin and Ethereum.
Recently, Bloomberg analysts predicted that Litecoin ETFs have the
highest chance of approval (90%), followed by Dogecoin (75%), Solana (70%), and
XRP (65%).
