Franklin Templeton Eyes Solana for Future ETFs
Franklin Templeton, a pioneer in launching spot Bitcoin ETFs in the U.S., is now expressing enthusiasm about the potential for other cryptocurrencies, like Solana, to support new ETF offerings.
In a July 23 X post, Franklin Templeton highlighted Solana’s growing adoption and technological advancements, noting its progress in high-throughput blockchain technology.
This statement coincides with the launch of Franklin Templeton’s latest spot cryptocurrency ETF, the Franklin Ethereum ETF (EZET), which began trading on the CBOE BZX exchange. The ETF, set at a 0.19% management fee, is being offered with no fees until January 31, 2025, for the first $10 billion in assets.
The introduction of EZET follows the firm’s earlier success with its spot Bitcoin ETF (EZBC), which debuted in January 2024 alongside other major issuers like Grayscale and BlackRock. Franklin Templeton’s head of global ETFs, Patrick O’Connor, expressed pride in expanding their digital asset ETF offerings with the new Ethereum fund.
READ MORE:
Should We Expect a Spot XRP ETF in the United States?Interest in a Solana ETF has surged since VanEck and 21Shares filed applications with the SEC earlier this year. Analysts expect the SEC to make a decision on these applications by mid-March 2025.
Bloomberg’s Eric Balchunas has predicted that the success of Ethereum ETFs will lead to further cryptocurrency ETFs, including those based on Solana.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"Inflation is really too high"! Federal Reserve "third-in-command": The Fed must continue to take action and promptly bring the price level back to 2%
John Williams, President of the New York Federal Reserve and the “number three” official at the Federal Reserve with a permanent voting right, stated that U.S. inflation remains high and policymakers must take further action to curb price pressures.
Jensen Huang steps down, and the "biggest patron" of new AI players is gone too
Anthropic's tens-of-billions IPO investment, Figure AI's additional $1 billion, and Nscale's over $5 billion credit guarantee are all in negotiations but their outcomes remain uncertain. Meanwhile, its $500 billion AI financing platform has stalled, and some clients are considering switching to AMD or Google. Successor Kress has a conservative style and has repeatedly vetoed deals aggressively promoted by Jensen Huang, signaling the possible end of Nvidia's era of bold investments.
Applied Materials (AMAT.US) Q4 Earnings Call: CEO Responds to Capacity Mismatch Concerns, Says No Customer Delayed Delivery; System Capacity Expected to Double by 2028
Applied Materials released its financial results for the fourth quarter of fiscal year 2026 (ending October 25, 2026) after the US stock market closed on November 12.
Crypto prices
More
