Franklin Templeton Asset Management Company Enters Solana-Based Exchange Traded Fund (ETF).

Franklin Templeton Asset Management seeks to list a Solana ETF. The firm filed a request with the U.S. Securities and Exchange Commission (SEC). This move follows similar requests.

Grayscale and Bitwise have also applied. Other firms include Canary, 21Shares, and VanEck. Bloomberg analyst Eric Balchunas sees a high chance of approval. He estimates a 70% chance for Solana ETFs this year.

Solana's price recently fell due to the Libra token issue. Still, demand for crypto assets remains strong. Bitcoin ETFs had great success. They attracted over $40 billion in net capital last year.

This paved the way for Ethereum ETFs. The SEC approved them last July. These approvals show a growing acceptance of crypto investment products. Solana could be the next cryptocurrency to gain ETF approval. This would offer investors more exposure to the asset.

also see : The concept of exchange-traded funds (ETF)- List of the best Bitcoin and Ethereum ETFs