A company that is changing the way the world mines bitcoin

Bitcoinist 2025-02-23 04:00:08

Spot Solana ETF Race Intensifies As Franklin Templeton Submits Application

Franklin Templeton , one of the world’s largest asset management firms, has submitted a proposal to the United States Securities and Exchange Commission (SEC) to issue a spot Solana ETF (exchange-traded fund). The asset manager joins several other applicants in the race to offer a SOL-based investment product to US investors. Franklin Templeton To Offer Staking In Spot Solana ETF On Friday, February 21, Franklin Templeton filed for an exchange-traded product that will track the spot price of the fifth-largest cryptocurrency Solana. Franklin Templeton’s Solana ETF will be listed on the Cboe BZX Exchange, with Coinbase Custody Trust Company, LLC serving as custodian. The firm’s registration statement read: The Franklin Solana Trust (the “Trust”) is organized as a Delaware statutory trust. The Franklin Solana ETF series of the Trust (the “Fund”) issues shares (“Shares”) representing fractional undivided beneficial interests in its net assets. The assets of the Fund consist primarily of Solana held by a custodian on behalf of the Fund. The Fund seeks to reflect generally the performance of the price of Solana. The Fund seeks to reflect such performance before payment of the Fund’s expenses. In its filing with the SEC, Franklin Templeton revealed that it may occasionally stake a portion of the ETF’s assets through one or more trusted staking providers. According to the firm, the “Fund” would receive Solana tokens as rewards (which would also be treated as “income to the Fund”) for engaging in any staking activity. This spot Solana ETF would join the Bitcoin and Ethereum exchange-traded funds in Franklin Templeton’s growing list of crypto products in the United States. Earlier this week, the asset manager launched its combined ETH and BTC ETF after receiving SEC approval in December 2024. Franklin Templeton’s proposal to offer the staking option in its spot Solana ETF is not exactly novel, as multiple issuers have considered this in other crypto products. For instance, the New York Stock Exchange filed for staking on Grayscale’s Ethereum ETFs, while Cboe BZX Exchange is looking to offer staking on 21Shares’ Ethereum fund. With the digital asset regulatory landscape improving in the United States, it is no surprise to see more traditional firms file for new crypto-based financial products . The growing clarity in the US crypto space was spotlighted by the SEC’s decision to drop its case against Coinbase. Solana Price Overview The price of SOL barely reacted to the news of Franklin Templeton’s spot Solana ETF filing. As of this writing, the Solana price stands at around $170, reflecting a 2% decline in the past 24 hours.

Наиболее читаемые новости

Top DeFi Projects to Keep on Your Radar in 20...
2025-02-23
The Journey to Wealth: A New Perspective on B...
2025-02-23
Road to Riches: How BTC, XRP & CHOW play a pa...
2025-02-23
Lazarus Group launches ‘QinShihuang’ meme coi...
2025-02-23
Dogecoin (DOGE) Faces Death Cross
2025-02-23
Crypto Whales Rally Behind Ripple’s XRP, Scoo...
2025-02-23
Altcoin Collapse Likely Coming in Q3 of This...
2025-02-23
Does the US Hold Its Famous Gold Reserves? Po...
2025-02-23

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения