Franklin Templeton's Solana ETF Proposed: Impact, Predictions, and Chances of Approval

Bittime - Among the various existing blockchain projects, Solana (SOL) stands out thanks to its incredible transaction speed and low fees. To further expand the accessibility of investing in this space, Franklin Templeton, one of the world's largest asset managers, has applied to launch a Solana ETF. 

With this filing, investors now have the opportunity to gain exposure to Solana without having to be directly involved in purchasing and holding tokens. 

This article will discuss what the Solana ETF is, details of the filing by Franklin Templeton, its impact on the price of SOL, as well as the potential launch of the ETF.

What Is a Solana ETF?

The Solana ETF is an investment product designed to track the price of Solana (SOL), a blockchain known for its high transaction speeds and low fees. 

Through this ETF, investors can gain exposure to SOL without needing to buy or hold it directly. 

These ETFs trade on stock exchanges, providing convenience for traditional investors who want to get involved in crypto without having to deal with digital wallets or crypto exchanges.

Franklin Templeton Files for Solana ETF

Franklin Templeton, one of the global asset managers with more than $1.5 trillion in assets under management, has officially filed for the Franklin Solana ETF via the Cboe BZX Exchange. 

This is the first step in obtaining approval from the US Securities and Exchange Commission (SEC). 

Once the application is received, the information will be published in the Federal Register, marking the start of the evaluation and approval process by regulators.

Also read: Solana ETF Application Rejected by SEC

Impact of Solana ETF Application on SOL Price

If the Solana ETF is approved, the impact on the price of SOL could be very significant. A number of analysts predict that ETF approval could push SOL prices up to $1.300, which could potentially shake Ethereum's position in the market. 

However, currently the SOL price is still experiencing volatility, with a decline of more than 9% in recent days due to market speculation turning to other assets such as XRP and Dogecoin.

Approval Opportunities and Launch Schedule

Although there is no exact date yet, the chances of Solana ETF approval are in 2025 estimated to reach 75%. 

However, the final decision depends on SEC policy, which is currently led by Gary Gensler, which is known to have a strict stance on crypto-based ETFs. 

A change in SEC leadership in the next few years could pave the way for a Solana ETF to get the green light.

Advantages of Solana ETFs for Investors

• Easy Access – Investors can buy ETFs through stock exchanges without having to deal with crypto wallets.
• Higher Security – Reduce the risk of storage and theft of digital assets.
• Better Liquidity – ETFs allow investors to enter and exit positions more easily than buying SOL directly on a crypto exchange.
• Big Profit Potential – If the ETF is approved, demand for SOL could increase drastically, pushing prices higher.

Conclusion

Franklin Templeton's filing for a Solana ETF marks a major step in institutional adoption of cryptocurrencies. If approved, this ETF will open wider access for investors and have the potential to increase the price of SOL significantly. However, regulation remains a major challenge that investors need to pay attention to.

FAQ

1. What is Solana?
Solana is a blockchain that offers fast transactions and low fees, making it a major competitor to Ethereum.

2. What are the advantages of investing in the Solana ETF?
ETFs provide an easy and safe way for investors to gain exposure to SOL without needing to purchase and hold coins directly.

3. When could the Solana ETF be launched?
Although there is no exact date yet, the chances of its approval in 2025 are quite high.

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Reference:

Mobee, ETF Solana, Accessed March 13, 2025
TheBlock, Franklin Templeton to file for Solana ETF, Accessed March 13, 2025