Franklin Templeton Registers ‘Franklin Solana Trust,’ Eyes Spot ETF Filing
Asset management giant Franklin Templeton has registered the “Franklin Solana Trust” in Delaware, signaling its move toward launching a Solana spot ETF.
The number of crypto ETF applications is rising rapidly, fueled by the pro-crypto stance of the US government. Major altcoins like Ethereum, Litecoin, Solana, XRP, and Cardano are expected to have their own ETFs in the coming months.
Franklin Templeton Joins the Crypto ETF Race
Franklin Templeton, a well-established asset management firm, has officially entered the growing competition for crypto ETFs. The firm recently registered the Franklin Solana Trust in Delaware, drawing significant attention from mainstream financial media.
According to the Delaware corporate registry, the fund was created on February 10, 2025, by CSC Delaware Trust Company. This registration marks the first step toward Franklin Templeton’s goal of launching a Solana ETF, which could further solidify institutional adoption of the cryptocurrency.
Solana ETF Filings Gain Momentum
Franklin Templeton follows in the footsteps of major asset managers, including Canary Capital, VanEck, 21Shares, BlackRock, and Grayscale, who are actively pursuing altcoin ETFs.
Recently, the US SEC acknowledged Canary Capital’s Solana ETF and opened a public comment period, a positive indicator for potential approval. Bloomberg analyst James Seyffart estimates that:
- Solana ETF approval has a 70% probability.
- Litecoin ETF approval stands at 90%.
- XRP and Dogecoin ETFs have 65% and 75% chances, respectively.
Additionally, the SEC has advanced Solana ETF applications from Bitwise, VanEck, and 21Shares within the last 24 hours. The regulator’s fast-tracking of multiple filings suggests growing institutional interest in Solana-based financial products.
A Pro-Crypto Regulatory Landscape Fuels ETF Growth
The SEC has also moved forward with Canary Capital’s Litecoin ETF, further reinforcing the shift toward broader crypto ETF acceptance. With the US embracing a more crypto-friendly regulatory approach, the crypto ETF market continues to expand, attracting more institutional players.
Franklin Templeton’s move into the Solana ETF space signals increasing confidence in crypto as a legitimate asset class, paving the way for further adoption in traditional finance.
