{"id":124935,"date":"2025-03-12T19:15:38","date_gmt":"2025-03-12T19:15:38","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124935"},"modified":"2025-03-12T19:15:38","modified_gmt":"2025-03-12T19:15:38","slug":"cboe-bzx-files-solana-etf-application-on-behalf-of-franklin-templeton","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124935","title":{"rendered":"Cboe BZX files Solana ETF application on behalf of Franklin Templeton"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Chicago Board Options BZX Exchange (Cboe) has submitted an application on behalf of asset manager Franklin Templeton to list a Solana (SOL) exchange-traded fund (ETF) in the United States.<br \/>\nAccording to the March 12 filing, Franklin Templeton\u2019s proposed ETF will hold spot SOL, and the filing encouraged the Securities and Exchange Commission to allow the fund to stake its underlying crypto for additional rewards.<br \/>\n\u201cNot staking the Fund\u2019s SOL would amount to waiving the Fund\u2019s right to free additional SOL, an act analogous to an equity ETP refusing dividends from the companies it holds,\u201d the filing read.<br \/>\nFranklin Templeton registered a Solana trust on Feb. 10, joining the ranks of Grayscale, Bitwise, VanEck, 21Shares and Canary Capital, who have all applied to list Solana-based investment vehicles.<br \/>\nSolana was one of the digital assets US President Donald Trump named for inclusion in the US crypto stockpile before pulling back to include only tokens seized through enforcement actions.<br \/>\nThe Solana ETF application filed on behalf of Franklin Templeton. Source: CboeRelated: Franklin Templeton launches US gov\u2019t money fund on Solana<br \/>\nDecisions on crypto ETFs delayed<br \/>\nFormer SEC Chair Gary Gensler\u2019s resignation in January 2025 sparked a torrent of crypto ETF filings, including several Solana-based products from asset managers anticipating a more relaxed regulatory climate.<br \/>\nHowever, on March 11, the SEC announced it had delayed the decision on several altcoin ETFs, including applications for Solana, Litecoin (LTC), Dogecoin (DOGE) and XRP (XRP) products.<br \/>\nThe financial regulator said it needed more time to evaluate the rule change approving the proposals.<br \/>\nAccording to Bloomberg ETF analyst James Seyffart, this extended deliberation was standard procedure, and he argued that this doesn\u2019t affect the high likelihood of the ETF applications being approved.<br \/>\nThe analyst added that the final approval deadline for these altcoin ETFs wasn\u2019t until October 2025.<br \/>\nFranklin Templeton CEO Jenny Johnson believes the Trump administration will follow through on the president\u2019s pro-crypto agenda and integrate traditional financial systems with crypto.<br \/>\n\u201cI do think that it\u2019s likely that ETFs and mutual funds will ultimately be built on blockchain just because it\u2019s an incredibly efficient technology,\u201d Johnson told Bloomberg in a Jan. 21 interview.<br \/>\nMagazine: Bitcoin ETFs make Coinbase a \u2018honeypot\u2019 for hackers and governments: Trezor CEO<a href=\"https:\/\/cointelegraph.com\/news\/cboe-files-solana-etf-application-behalf-franklin-templeton?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Chicago Board Options BZX Exchange (Cboe) has submitted an application on behalf of asset manager Franklin Templeton to list a Solana (SOL) exchange-traded fund (ETF) in the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124935"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124935"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124935\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124935"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}