{"id":36382,"date":"2025-02-12T10:00:09","date_gmt":"2025-02-12T07:00:09","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36382"},"modified":"2025-02-12T10:23:37","modified_gmt":"2025-02-12T07:23:37","slug":"franklin-templeton-moves-towards-solana-etf","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/franklin-templeton-moves-towards-solana-etf\/","title":{"rendered":"SEC Accepts Spot Solana ETF Applications!"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">The U.S. Securities and Exchange Commission (<strong>SEC<\/strong>) has accepted Spot Solana ETF applications submitted by <strong>Bitwise, 21Shares, VanEck, and Canary Capital<\/strong>. However, acceptance does not mean approval. The process will continue as the SEC moves into the evaluation phase.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/franklin-templeton-moves-towards-solana-etf\/#How_Does_the_Solana_ETF_Process_Work\" title=\"How Does the Solana ETF Process Work?\">How Does the Solana ETF Process Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/franklin-templeton-moves-towards-solana-etf\/#What_Are_the_Chances_of_Solana_ETFs_Being_Approved\" title=\"What Are the Chances of Solana ETFs Being Approved?\">What Are the Chances of Solana ETFs Being Approved?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_the_Solana_ETF_Process_Work\"><\/span>How Does the Solana ETF Process Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Franklin Templeton has registered <strong>Franklin Solana Trust<\/strong> in Delaware, preparing to file for a Spot Solana ETF. Previously, major asset managers such as <strong>Bitwise, Grayscale, VanEck, and 21Shares<\/strong> had also submitted applications to the SEC.<\/p>\n<p>According to Delaware corporate records, Franklin Solana Trust was established on February 10 by <strong>CSC Delaware Trust Company<\/strong>, a firm that has registered numerous major crypto investment products in the past.<\/p>\n<p>For its Solana ETF application, Franklin Templeton needs to submit <strong>Form 19b-4 and Form S-1<\/strong>. Some companies that registered a trust in Delaware have expedited the process by filing an official application with the SEC the next day.<\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p>If approved, Franklin Solana Trust will be an investment product tracking <strong>Solana&#8217;s price movements<\/strong>. <strong>According to CoinGecko data<\/strong>, Solana currently has a market capitalization of $97 billion, making it the fifth-largest cryptocurrency in the world.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/0194f737-d048-748c-87a0-03120ac7d68c\" alt=\"Solana ETF\" width=\"1053\" height=\"687\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_the_Chances_of_Solana_ETFs_Being_Approved\"><\/span>What Are the Chances of Solana ETFs Being Approved?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Franklin Templeton has repeatedly expressed confidence in the <strong>Solana network<\/strong>. In July 2024, it highlighted <strong>Solana\u2019s high transaction volume and monolithic blockchain structure<\/strong>. In January 2024, it emphasized Solana\u2019s <strong>DeFi growth and dominance in memecoin activity<\/strong>.<\/p>\n<p>Bloomberg ETF analysts <strong>James Seyffart and Eric Balchunas<\/strong> estimate a <strong>70% chance<\/strong> of Spot Solana ETF approval by the end of 2025. They also noted that this probability could significantly increase if <strong>Donald Trump wins the election in November<\/strong>.<\/p>\n<p>However, the SEC still needs to clarify whether <strong>Solana is classified as a commodity or a security<\/strong>. <strong>This decision<\/strong> will directly impact the approval process for Solana ETFs.<\/p>\n<hr \/>\n<p data-start=\"5207\" data-end=\"5400\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has accepted Spot Solana ETF applications submitted by Bitwise, 21Shares, VanEck, and Canary Capital. However, acceptance does not mean approval. The process will continue as the SEC moves into the evaluation phase. How Does the Solana ETF Process Work? Franklin Templeton has registered Franklin Solana Trust in Delaware,<\/p>\n","protected":false},"author":28,"featured_media":34171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[3178,534,1149,192,1764,9648,833,393,6971,93,1730,3480,1096,501,2087,1332,39,319,6425,1547,1145],"class_list":["post-36382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-21shares","tag-bitcoin-etf","tag-bitwise","tag-blockchain","tag-bloomberg","tag-canary-capital","tag-coingecko","tag-crypto","tag-crypto-etf","tag-defi","tag-donald-trump","tag-franklin-templeton","tag-grayscale","tag-investment","tag-jpmorgan","tag-memecoin","tag-sec","tag-solana","tag-solana-etf","tag-spot-etf","tag-vaneck"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Accepts Spot Solana ETF Applications! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/franklin-templeton-moves-towards-solana-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Accepts Spot Solana ETF Applications! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The U.S. Securities and Exchange Commission (SEC) has accepted Spot Solana ETF applications submitted by Bitwise, 21Shares, VanEck, and Canary Capital. 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