The Chicago Board of Directors options BZX Exchange (CBOE) submitted the application form on behalf of the asset manager Franklin Templeton and listed the Solana (SOL) Exchange Fund (ETF) in the United States.
According to March 12, the proposed ETF of Franklin Templeton will have a SPOT SOL, and the submission encouraged the Securities and Exchange Commission to ensure that the Securities and Exchange Commission can danger the basic encryption for further compensation.
“If you do not stay steak, you will give up the rights of the fund that can be free to further.
Franklin Templeton registered Solana Trust on February 10 and joined the classes of Gray Scale, Beat, Vaneck, 21Shares, and Canary Capital, which were applied to registering Solana -based investment vehicles.
Solana was one of Donald Trump’s digital assets, designated to include US encryption stocks to include only tokens confiscated by execution measures.
Solana ETF applications were submitted on behalf of Franklin Templeton. source: CBOE
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The decision of the encryption ETF has been delayed.
In January 2025, the resignation of the former SEC chairman Gary Gensler triggered the rapids of encryption ETF files, including various solar or based products of asset managers who expect a more comfortable regulatory environment.
But on March 11, the SEC announced that it delayed the decisions for multiple ALTCOIN ETFs, including Solana, Litecoin (LTC), Dogecoin (DOGE) and XRP (XRP) products.
The financial regulatory authorities said it takes more time to evaluate the change of proposal approval rules.
According to the Bloomberg ETF analyst James Seyffart, this expanded deliberation was a standard procedure, which argued that this did not affect the possibility of ETF applications approved.
Analyst added that the final approval date of the Altcoin ETF was not until October 2025.
Jenny Johnson, CEO of Franklin Templeton, believes the Trump administration will follow the president’s pro -crypto agenda and integrate the traditional financial system with encryption.
Johnson told Bloomberg in an interview on January 21, “I think there is a possibility that it will be built in a blockchain because ETF and Mutual Fund are tremendous technology.
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