Franklin Templeton files for Solana spot ETF, joining 5 other hopefuls

Franklin Templeton filed paperwork with the SEC on February 21st to create a Solana spot ETF, joining five other firms seeking similar approval. The ETF would be listed on the Cboe BZX Exchange and might involve staking some of the Solana, with any rewards considered fund income. The SEC needs to approve two forms before launch. This comes shortly after Franklin Templeton launched a Bitcoin and Ethereum ETF consisting of 82% Bitcoin and 18% Ethereum, and they also offer separate Bitcoin and Ethereum ETFs launched last year. Franklin Templeton manages $1.46 trillion in assets. Several other firms, including Grayscale, Bitwise, VanEck, 21Shares and Canary Capital have also filed for Solana spot ETFs. Overall, there are at least 16 potential altcoin ETFs waiting for approval, with six filings for Solana and five for XRP.