Franklin Templeton and the Future of Solana ETF
2024-07-25
The crypto space is abuzz with speculation about a potential spot Solana ETF filing by Franklin Templeton. Following recent moves by VanEck and 21Shares, industry leaders and analysts offer insights into the likely timeline and market impact of a Solana ETF. Explore expert predictions and understand the factors driving these developments.
Key Takeaways
Solana’s technological maturity and adoption fuel ETF filing speculation.
Industry leaders predict an imminent Solana ETF launch.
SEC decisions on Solana ETF applications are expected by mid-March 2025.
Franklin Templeton Set to File Spot Solana ETF
Solana, alongside Bitcoin and Ethereum, is driving forward crypto advancements with major adoption and technological maturity. High-throughput, monolithic architectures highlight Solana’s potential, according to Franklin Templeton. This optimism has led to speculation about Franklin Templeton’s potential filing for a spot Solana ETF, following VanEck and 21Shares.
Read more: How to Buy: Solana (SOL)
ETF Store President Confirms Solana ETF Speculation
Nate Geraci, President of the ETF Store, predicted the next launch of a Solana ETF and an imminent ETF bundling Bitcoin, Ethereum, and Solana. Geraci’s accurate crypto ETF trend predictions add credibility to this forecast.
Long-term Crypto ETF Projections by Bitwise CIO
Matt Hougan, Bitwise CIO, forecasted an ETF era in crypto by 2025, featuring multiple crypto assets and index-based ETFs. Existing filings for Solana-based ETFs support this outlook.
Read more: Analyzing the Impact of Solana's ETF on Price and Network Development
CBOE’s Submission for Solana ETFs
The Chicago Board Options Exchange (CBOE) recently submitted form 19b-4s for Solana ETFs to the U.S. Securities and Exchange Commission (SEC), initiating a rule change proposal with public commentary and a decision timeline extending into 2025. Political outcomes may influence these ETFs’ approval probabilities.
Anticipated Solana ETF Decision Timeline
Industry analysts predict that the first spot Solana ETF applications will receive final decisions from the U.S. SEC around mid-March 2025. Bloomberg ETF analyst, Eric Balchunas, highlighted the significance of November political outcomes on these decisions and previously noted that Ether ETFs could pave the way for Solana-based spot ETFs.
Read more: Are Solana ETFs Coming Soon? Top Experts Weigh In
Conclusion
The potential filing of a spot Solana ETF by Franklin Templeton marks a significant step in the crypto market evolution. Expert predictions and existing filings suggest a growing acceptance of Solana-based ETFs. With key decisions expected by mid-March 2025, the coming months will be crucial in shaping the future of crypto ETFs.
FAQ
What is a spot ETF?
A spot ETF is an exchange-traded fund that holds the actual underlying asset, such as cryptocurrency, rather than derivatives or futures contracts.
Why is Solana gaining attention for ETFs?
Solana’s technological maturity and high-throughput capabilities make it a promising candidate for ETFs, attracting interest from major financial institutions.
When will the U.S. SEC decide on Solana ETF applications?
Industry analysts predict that the U.S. SEC will make final decisions on Solana ETF applications by mid-March 2025.
Disclaimer: The content of this article does not constitute financial or investment advice.
