On March 12, Franklin Templeton filed with the Cboe BZX Exchange for a spot Solana (SOL) ETF. The filing suggests staking SOL for additional rewards, likening refusing dividends to equity ETFs. This follows Franklin Templeton's Feb. 10 registration of a Solana trust, joining others like Grayscale. The SEC, on March 11, delayed decisions on Solana, Litecoin, Dogecoin, and XRP ETFs, citing the need for further evaluation. Bloomberg analyst James Seyffart considers this standard, noting final approval deadlines extend to October 2025. Franklin Templeton CEO Jenny Johnson anticipates crypto integration with traditional finance, envisioning blockchain-based ETFs and mutual funds.
Franklin Templeton Files for Spot Solana ETF Amidst SEC Delay on Altcoin ETF Decisions
Edited by: Yuliya Shumai
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