In a final development, Franklin Templeton, a global asset management company and Bitcoin funds in Bitcoin (ETF), has filed business registration documents for the “Franklin Solana Trust” in Delaware, States- United.
This indicates that he joins competitors like Canary Fund and Grayscale to continue an ETF Solana. This indicates that a FNB pot deposit can happen, because it was the process followed by Bit and other ETF deposits. Previously, the Solana Spot ETF deposits of Canary and gray levels have been confirmed by the SEC.
In particular, Franklin Templeton was among the first companies to launch a Bitcoin ETF spot in the United States, and its expansion in Solana highlights its confidence in the broader adoption of cryptography.
Several investment companies are moving towards the launch of Solana ETF, with gray levels or by moving a 19B-4 form to request a change of rule to register its product. Other companies, including Canary Solana Trust, Bitwise Solana Etf, 21Shares Core Solana Etf and Vaneck Solana Trust, have since joined the race. to the dry. Under the new interim president, the SEC has revised its position on the crypto.
Franklin Templeton recently submitted an S-1 file amended to the SEC, aimed at the approval of its FNB Franklin Templeton Crypto Index. The fund will initially follow Bitcoin and ether, but plans to develop to include other altcoins in the future.
The SEC has recognized the FNB deposit of Canary Capital, but its position on Solana as an unregistered warranty could delay approval. Analysts think that FNB for Litecoin and Hedera are more likely to be approved before those of Solana and XRP.
