Asset Manager Franklin Templeton indicates that you can start a fund in the United States in relation to the Solana Exchange-Traded Fund (ETF) proposed a trust on Delaware.
As a result of submitting to Delaware’s corporate regulatory agency, “Franklin Solana Trust” was found to have registered Crypto Trust products for other asset managers such as Bitwise on February 10 on February 10.
Franklin must submit that Franklin is known as the 19B-4 form of form on securities and the proposed ETF to participate in the Solana (SOL) ETF race with Grayscale, Bitwise, Vaneck, 21Shares and Canary Capital. Exchange Committee.
Solana ETF registration of Franklin. source: Delaware Business Department
Some asset managers who registered Crypto Trust products on Delaware submitted the S-1 form to the SEC the next day.
If it is approved, Franklin Solana Trust is trying to track the price movement of the fifth largest cryptocurrency in the world, with the Coingecko Show with a $ 97 billion market cap.
The documents did not specify which EXCHANGE will list the ETF, but Franklin’s Spot Bitcoin (BTC) and ETHER (ETH) ETFs are both listed in the CBOE BZX Exchange.
Franklin pointed out the ability to overcome “technical growth pain” by sharing strong praise for Solana networks and ecosystems, showing high transaction throughput of monolithic blockchains in July.
Franklin also emphasized the strong growth of Solana’s distributed finance apps and dominant Memecoin activities six months before January 2024.
Bloomberg ETF analyst James Seyffart and Eric Balchunas said that the probability of SPOT Solana ETF approved before the late 2025 on February 10 was 70%.
They increased this probability in the November President Donald Trump’s election victory.
However, Seyffart said last month that the SEC should solve the SOCANA’s Solana status before analyzing the SEC according to the “Product ETF Rapper.”
SEC recognizes multiple Solana ETF applications.
On February 11, the SEC recognized the Form Solana ETF submitted by 21Shares, Bitwise, Canary Capital and Vaneck.
He also acknowledged GrayScale’s submission of Solana on February 6. Seyffart is said to have rejected several applications in December by SEC by Gary Gensler in December.
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JPMORGAN, a financial service firm, estimates Solana ETF’s approved branch between $ 3 billion and $ 6 billion in net assets in the first year. BALCHUNAS predicted a fairly “reasonable guess.”
Solana is currently trading at $ 198.5, down 1.5% over the last 24 hours, and explains Coingecko data.
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