Franklin enters SOL ETF

     Franklin Templeton's has recently applied for a Solana ETF. Although not the first movers, Franklin Templeton's entry into the Solana spot ETF market, alongside Canary Capital and Grayscale, underscores Solana's growing appeal. Solana's popularity as a sought-after altcoin after Ethereum likely prompted Franklin Templeton's move.

Significant for finance

     Franklin Templeton's Solana ETF will be listed on the Cboe BZX Exchange, with Coinbase acting as the custodian. This partnership brings together established players in finance, lending credibility to SOL and demonstrating Wall Street's growing interest in the cryptoverse. Franklin Templeton's involvement is expected to bring significant support to SOL, Cboe, and Coinbase.

Rise of Wall Street with Crypto

     As Solana continues to gain traction, it's plausible that other ETF companies will follow Franklin Templeton's lead and file their own applications. This trend could further legitimize Solana and increase mainstream adoption. With Franklin Templeton's Solana ETF application, the cryptoverse is likely to see increased institutional investment and growth.

Originally published at Wubits