The Chicago Board Options BZX Exchange (CBOE) has submitted a request on behalf of the asset manager Franklin Templeton to list a Fund exchange (ETF) in Solana (soil) in the United States.
According to the March 12 file, the proposed FNB of Franklin Templeton will hold Spot Sol, and the file encouraged the Securities and Exchange Commission to allow the fund to set up its underlying crypto for additional rewards.
“Not to mark out the soil of the fund would be equivalent to renouncing the right of the fund to release additional soil, an act similar to an ETP in equity refusing the dividends of the companies it holds,” said the file.
Franklin Templeton recorded a Solana Trust on February 10, joining the ranks of Grayscale, Bitwise, Vaneck, 21Shares and Canary Capital, which all applied to list the investment vehicles based in Solana.
Solana was one of the digital assets that US President Donald Trump appointed inclusion in the American crypto stock before falling to only include tokens entered through application measures.
The Solana ETF application filed for the name of Franklin Templeton. Source: Cboe
In relation: Franklin Templeton launches US Gov’t Money Fund on Solana
Crypto FNB decisions delayed
The resignation of the former SEC president, Gary Gensler, in January 2025, sparked a torrent of Crypto ETF deposits, including several products based in Solana of asset managers anticipating a more relaxed regulatory climate.
However, on March 11, the SEC announced that it had delayed the decision on several ETF Altcoin, including applications for Solana, Litecoin (LTC), Dogecoin (DOGE) and XRP (XRP) products.
The financial regulator said he needed more time to assess the change of rule approving proposals.
According to the analyst of Bloomberg ETF James Seyffart, this prolonged deliberation was a standard procedure, and it argued that this does not affect the high probability that ETF applications are approved.
The analyst added that the deadline for final approval of these ETF Altcoin was only until October 2025.
Franklin Templeton’s CEO Jenny Johnson, believes that the Trump administration will follow the President’s pro-Crypto agenda and will integrate traditional financial systems with crypto.
“I think it is likely that the FNB and the common funds will ultimately be built on the blockchain simply because it is an incredibly effective technology,” Johnson told Bloomberg in an interview on January 21.
Review: The FNB bitcoin make Coinbase a “jar of honey” for pirates and governments: CEO of Trezor
