Franklin Templeton Becomes the Largest Asset Manager to File for a Solana ETF

On March 12, Cboe BZX Exchange submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) on behalf of Franklin Templeton for the listing and trading of the Franklin Solana ETF. Managing over $1.5 trillion in assets, Franklin Templeton is now the largest asset manager to apply for a Solana-based exchange-traded fund (ETF).

The 19b-4 filing marks the second step in the SEC’s approval process for a crypto ETF. Once acknowledged by the SEC, the filing will be published in the Federal Register, initiating the regulatory review process.

This application follows Franklin Templeton’s spot XRP ETF filing just a day earlier. With an increase in crypto-friendly policies in the U.S., ETF applications for digital assets beyond Bitcoin and Ethereum have seen significant growth.

According to Bloomberg ETF analysts, as altcoin ETF applications grow, Litecoin ETFs have the highest approval odds at 90%, followed by Dogecoin ETFs at 75%, Solana ETFs at 70%, and XRP ETFs at 65%.

Following this news, Solana (SOL) price surged 2.5% in the past 24 hours, reaching $125.84.

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The post Franklin Templeton Files for Solana ETF Listing with CBOE appeared first on Coin Engineer.