After registering a trust in Delaware in preparation for a potential Solana (SOL) exchange-traded fund (ETF) in the United States last week, Franklin Templeton has formally filed an S-1 registration statement with the Securities and Exchange Commission (SEC).
This move comes as part of the company’s effort to launch a spot Solana ETF, following the growing interest in digital assets and cryptocurrencies within institutional investment circles.
Franklin Templeton Files S-1 To Launch Spot Solana ETF
Franklin Templeton, a major global asset management firm with over $1.46 trillion in assets under management, has entered the competition to launch a spot Solana ETF.
The company’s S-1 filing with the US SEC is a significant development, as it positions itself alongside other notable firms seeking to capitalize on the growing interest in Solana. The firm has created a specific trust in Delaware, named the Franklin Solana Trust, to facilitate the launch of the ETF.
The submission of the S-1 filing signals Franklin Templeton’s commitment to bringing the Solana ETF to market. This filing comes after the SEC has acknowledged similar filings from other firms, such as Canary Capital, Grayscale, and Bitwise.
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