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.

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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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.