Franklin Templeton registers a new trust for launching a Solana-based ETF in the US stock market. Analysts estimate a 70% chance of approval by 2025.
Franklin Templeton has registered a new trust named ‘Franklin Solana Trust’ in Delaware, indicating its intention to launch a Solana-based ETF in the United States. To proceed, Franklin needs to submit Form 19b-4 and S-1 to the US Securities and Exchange Commission (SEC). If approved, the Solana ETF will track the price of the fifth largest cryptocurrency globally. Analysts predict a 70% chance of approval by the end of 2025.
