{"id":570133,"date":"2024-01-18T13:30:43","date_gmt":"2024-01-18T13:30:43","guid":{"rendered":"https:\/\/wncen.com\/?p=570133"},"modified":"2024-01-18T11:42:09","modified_gmt":"2024-01-18T11:42:09","slug":"franklin-templeton-solana-etf","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/franklin-templeton-solana-etf\/","title":{"rendered":"Trillion-Dollar Franklin Templeton Shares High Praise For Solana, Is A SOL ETF Coming?"},"content":{"rendered":"
American multinational asset management company Franklin Templeton has showered high praises on Solana, triggering widespread speculation about the potential of a <\/span>Solana ETF <\/span><\/a>in the future.\u00a0<\/span><\/p>\n On Wednesday, January 17, Franklin Templeton\u2019s official X account <\/span>expressed<\/span><\/a> their admiration for the <\/span>Solana<\/span><\/a>, commending the blockchain network\u2019s progress and continuous developments within its ecosystem.\u00a0<\/span><\/p>\n The asset management company highlighted Solana\u2019s notable accomplishments during the <\/span>fourth quarter of 2023.<\/span><\/a> Specific mentions were made regarding Solana’s <\/span>innovative NFT projects<\/span><\/a> over the past months, its impactful presence in the DeFi ecosystem as well as the introduction of new inventive <\/span>meme coins<\/span><\/a> like Dogwifhat, Myro Popcat, and more. Franklin Templeton also outlined additional achievements like Solana’s next-generation independent validator client, <\/span>Firedancer<\/span><\/a>, and its innovative DePIN projects.\u00a0<\/span><\/p>\n Although Solana previously experienced a significant <\/span>decline in its NFT market<\/span><\/a>, the blockchain network\u2019s NFT sales volume witnessed a resurgence after recording a staggering increase recently. On Wednesday, Solana\u2019s NFT volume rose above 92% on the <\/span>Tiexo marketplace<\/span><\/a>. Furthermore, the blockchain recorded substantial increases on two other prominent marketplaces, <\/span>Tensor and Magic Eden<\/span><\/a>, respectively.\u00a0<\/span><\/p>\n Overall, Franklin Templeton\u2019s overwhelming praise for the Solana ecosystem was taken with great optimism by the crypto community and SOL supporters. The favorable remarks sparked <\/span>discussions<\/span><\/a> regarding the potential introduction of a Solana ETF.\u00a0<\/span><\/p>\n Since <\/span>Spot Bitcoin ETFs gained approval<\/span><\/a> from the United States Securities and Exchange Commission (SEC), many investors, including Ripple CEO <\/span>Brad Garlinghouse<\/span><\/a>, anticipate the eventual entry of more ETFs into the market.\u00a0<\/span><\/p>\n Presently, the Ethereum Spot ETF stands as the next contender for approval by the SEC. And the final deadline for approving or rejecting several <\/span>Ethereum Spot ETF<\/span><\/a> applications is slated for May 23, 2024.\u00a0<\/span><\/p>\n <\/p>\n As excitement spreads in the crypto community over a possible Solana ETF, various crypto enthusiasts express differing views and opinions on its likelihood. It\u2019s important to note that despite the enthusiasm, there has been no official discussion or confirmation of a Solana ETF by the cryptocurrency\u2019s developers or executives.<\/span><\/p>\n Concerning a potential Solana ETF, a crypto community member, <\/span>Lex<\/span><\/a> has highlighted reasons why such a notion might face challenges. In the post, he outlined the SEC\u2019s potential involvement in the decision regarding a Solana ETF. According to the community member, the SEC \u201cwould never approve a SOL ETF.\u201d<\/span><\/p>\n Another <\/span>member<\/span><\/a> also provided a more in-depth explanation for the rejection of a Solana ETF, asserting that as the SEC had previously <\/span>classified Solana as a security<\/span><\/a>, it may not greenlight a Solana ETF unless a court officially declares the cryptocurrency as a non-security.\u00a0<\/span><\/p>\nFranklin Templeton\u2019s Approval Of Solana Sparks ETF Talks<\/h2>\n
SOL price at $98 | Source: SOLUSD on Tradingview.com<\/a><\/pre>\n
Community Members Skeptical About Potential SOL ETF<\/h2>\n