Franklin Templeton Makes History with Solana ETF Filing After XRP Application

This filing, part of the latest Solana news, comes just one day after the asset management giant submitted an application for an XRP ETF, solidifying Franklin Templeton’s position as a leading force in the digital asset space.

A Groundbreaking Filing

On March 12, 2025, Franklin Templeton submitted its 19b-4 filing with the SEC, aiming to list and trade shares of the proposed Solana ETF on the Chicago Board Options Exchange (Cboe) BZX Exchange. With over $1.5 trillion in assets under management, this move makes Franklin Templeton the largest asset manager to pursue a Solana ETF.

A screenshot of Franklin Templeton’s filing for the Solana ETF. Source: cdn.cboe

This ETF is designed to track the market price of Solana (SOL), enabling investors to gain exposure to the cryptocurrency without directly holding the asset. Notably, the filing also urges the SEC to allow staking of the fund’s underlying SOL to earn additional rewards, which the filing likened to receiving dividends in traditional equity markets. “Not staking the Fund’s SOL would amount to waiving the Fund’s right to free additional SOL,” the filing stated.

Franklin Templeton is gaining attention in the crypto market with its efforts to launch a spot Solana ETF. Source: FCG Studio via X

As the Solana news today highlights, this marks a significant step for Solana in the traditional finance world, especially considering the growing interest in Solana-based investments.

Following the XRP ETF Filing

Franklin Templeton’s Solana ETF application closely follows its submission for a spot XRP ETF, reflecting the firm’s ambitious push into the crypto investment space. The XRP filing, which is part of recent Solana news discussions, aims to reflect the performance of XRP’s price through shares representing fractional undivided beneficial interests in the fund’s net assets.

$1.5 Trillion Franklin Templeton Files for Spot XRP ETF with CBOE. Source: Amelie via X

“The Franklin XRP ETF series of the Trust seeks to reflect generally the performance of the price of XRP,” the filing detailed.

WATCH XRP PRICE PREDICTION ANALYSIS

Regulatory Pathway and Industry Response

Once the SEC acknowledges the 19b-4 filing, it will be published in the Federal Register, initiating the review process. Bloomberg analysts have estimated a 70% chance of SEC approval for Solana ETFs by October 2025. The latest Solana news update points to a crucial period for cryptocurrency Solana news, with anticipation mounting over the regulatory review.

James Seyffart, a Bloomberg Intelligence analyst, commented, “I don’t think it’s particularly newsworthy or noteworthy… mostly to be expected. But a big asset manager like Franklin throwing their hat in the ring for Solana isn’t completely meaningless.”

Solana (SOL) was trading at around $126.08, up 0.87% in the last 24 hours at press time. Source: Brave New Coin

As for Solana price news, experts will be watching any movements closely, as ETF filings could impact Solana’s market trajectory. The recent Solana news on this front could help shift the dynamics within the crypto landscape.

Looking Ahead

Franklin Templeton’s dual filing for Solana and XRP ETFs underscores the firm’s strategic embrace of the evolving crypto market. With the SEC’s decision on multiple altcoin ETFs delayed until May 2025, market participants are eagerly awaiting further regulatory clarity. The news on Solana ETF today and tomorrow is expected to be a major topic of conversation across Solana news Twitter and Reddit communities, where enthusiasts and investors alike are sharing their predictions.

As the crypto landscape continues to mature, Franklin Templeton’s pioneering steps signal a growing recognition of digital assets within traditional finance, setting the stage for potential future innovations in the ETF space. For now, all eyes remain on the Solana price news and the potential market shifts as this development unfolds.