Solana ETF: Franklin Templeton Joins Race

Franklin Templeton Joins Solana ETF Race with Delaware Filing

• Franklin Templeton has filed documents in Delaware to launch a spot Solana ETF, registering the Franklin Solana Trust entity.
• This move follows the SEC’s acknowledgment of Canary Capital’s Solana ETF application.
• The SEC opened a 21-day public comment period for Grayscale’s $102.8 million Solana-based fund.
• Solana’s price has dipped by 3.34% in the last day and 9.99% over the past week, trading at $196.57.
• Solana ranks 5th on CoinMarketCap with a market cap of $95.94 billion and a trading volume of $3.81 billion, down by 14.03%.

Franklin Templeton’s filing in Delaware marks its entry into the competitive race for launching Solana ETFs, amid growing institutional interest but declining token prices.