• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

After XRP filing, Franklin Templeton seeks Solana ETF approval

by March 13, 2025
by March 13, 2025

The Chicago Board Options BZX Exchange (Cboe) has submitted an application on behalf of asset manager Franklin Templeton to list a Solana (SOL) exchange-traded fund (ETF) in the United States.

The filing, submitted on March 12, marks another push for expanding crypto investment vehicles beyond Bitcoin and Ethereum.

A 19b-4 filing is the second step in proposing a crypto ETF to the SEC.

Once the SEC acknowledges it, the filing is published in the Federal Register, triggering the approval process.

The proposed ETF will hold Solana’s spot and encourage the Securities and Exchange Commission (SEC) to allow the staking of its underlying assets for additional rewards.

Franklin Templeton compared staking rewards to stock dividends, arguing that “not staking the Fund’s SOL would amount to waiving the Fund’s right to free additional SOL.”

Crypto ETF filings under Trump 2.0

Franklin Templeton registered a Solana trust on February 10, joining other firms like Grayscale, Bitwise, VanEck, 21Shares, and Canary Capital in pursuing Solana-based investment products.

The company’s Solana ETF filing follows its March 11 application for a spot XRP ETF, reflecting a broader trend of asset managers exploring altcoin ETFs amid shifting US regulatory attitudes.

Since President Donald Trump took office, crypto-friendly policies have fueled an influx of ETF applications beyond Bitcoin and Ethereum.

The administration’s stance has encouraged asset managers to seek approvals for products linked to a wider range of digital assets.

Franklin Templeton CEO Jenny Johnson remains confident in the long-term integration of blockchain into traditional finance.

In a January 21 interview with Bloomberg, Johnson stated, “I do think that it’s likely that ETFs and mutual funds will ultimately be built on blockchain just because it’s an incredibly efficient technology.”

While the SEC’s decision timeline remains uncertain, the increasing number of ETF filings reflects the growing demand for regulated crypto investment products in the US market.

SEC delays altcoin ETF decisions

Despite increased optimism, the SEC announced on March 11 that it was delaying its decision on several altcoin ETFs, including those for Solana, Litecoin, Dogecoin, and XRP.

The regulator stated that it needed additional time to assess proposed rule changes.

The delay was widely anticipated, with industry observers expecting the SEC to hold off on approving additional crypto ETFs until President Donald Trump’s nominee for SEC chair, Paul Atkins, takes office.

Since Trump’s return to the White House, the SEC has seen a surge of altcoin-based ETF applications.

However, approval depends on several factors, including Atkins’ confirmation and clearer regulatory guidelines from the newly formed crypto task force.

Atkins’ confirmation process, however, has been progressing slowly.

Bloomberg ETF analyst James Seyffart noted that such delays were standard and did not diminish the likelihood of eventual approval.

He pointed out that the final approval deadline for these ETFs extends until October 2025.

The post After XRP filing, Franklin Templeton seeks Solana ETF approval appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Japanese investment pushes IonQ stock up 17%
next post
Construction, cans, and cars: industries on edge as Trump’s tariffs take effect

Related Posts

Cyberattack halts Asahi production, disrupts Japan’s beer supply

October 3, 2025

Europe markets open: Stoxx 600 rises 0.4%, extending...

October 3, 2025

Bitcoin ETFs see over $600M in inflows as...

October 3, 2025

Stockholm leads Europe in IPO activity with $6.8...

October 3, 2025

Indonesia suspends TikTok licence after data refusal during...

October 3, 2025

Why the Thai baht’s climb against US dollar...

October 3, 2025

OpenAI valuation hits $500 billion as employees sell...

October 2, 2025

Here’s why JPMorgan, Morningstar are bullish on Alibaba...

October 2, 2025

Europe markets open: Stoxx 600 jumps 0.6%, led...

October 2, 2025

Will the Tesco share price hit 500p as...

October 2, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • What I Saw in Milei’s Argentina

    October 3, 2025
  • Tariffs Rest on Distrust of Citizens

    October 3, 2025
  • Cyberattack halts Asahi production, disrupts Japan’s beer supply

    October 3, 2025
  • Europe markets open: Stoxx 600 rises 0.4%, extending its record-setting rally

    October 3, 2025
  • Bitcoin ETFs see over $600M in inflows as BTC price nears $120K

    October 3, 2025
  • Stockholm leads Europe in IPO activity with $6.8 billion raised

    October 3, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,770)
  • Editor's Pick (279)
  • Investing (185)
  • Stock (1,885)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Inside Shell’s new strategy to boost investor...

March 25, 2025

Boop crypto surges 242% in 24 hours...

May 2, 2025

Europe markets open: Stoxx 600 up 0.1%,...

August 8, 2025