SEC accepts Cboe's application for multiple Solana Spot ETFs, with fund giant Franklin Templeton interested in competing?

Well-known asset management company Franklin Templeton recently registered 'Franklin Solana Trust' in Delaware, USA, indicating its potential preparation for applying for Solana Spot ETF, joining the current competition among many asset management institutions. At the same time, the U.S. Securities and Exchange Commission (SEC) has just accepted multiple applications from the Cboe exchange.

Franklin registered Solana Trust Fund, is the ETF arrow on the string?

According to documents from the regulatory agency in Delaware, Franklin established the 'Franklin Solana Trust' on February 10, with CSC Delaware Trust Company as the custodian. The company has also registered trust products such as Dogecoin and XRP ETF for asset management institutions like Bitwise.

If Franklin wants to compete in the Solana Spot ETF market with other companies including Grayscale, Bitwise, or VanEck, it also needs to submit Form 19b-4 and S-1 to the SEC.

As is customary, some institutions register cryptocurrency trusts in Delaware and submit ETF applications to the SEC a few days later, so Franklin's move has also attracted special attention.

It is still uncertain where Franklin is expected to list the potential ETF on which exchange, but its Bitcoin (EZBC) and Ethereum Spot ETF (EZET) are both traded on the Cboe BZX exchange.

(Franklin publishes AI agent report: intersection of artificial intelligence agents and cryptocurrencies)

SEC's Attitude Change Towards Solana ETF

Just yesterday, the SEC officially accepted the Solana ETF 19b-4 form application submitted by the exchange Cboe for Bitwise, 21Shares, VanEck, and Canary Capital, which had previously accepted the application for Grayscale (, and now the official launch of the Solana Spot ETF is also counting down.

)Bitwise submits Dogecoin ETF application, exchange Cboe pushes Solana ETF again, will the SEC approve?(

Bloomberg ETF analysts James Seyffart and Eric Balchunas said that the probability of the Solana Spot ETF being approved by the end of this year is about 70%.

)Bloomberg released the probability of approving the ETF of altcoins, with the highest chance for Litecoin, followed by Dogecoin(

They also pointed out that the election victory of President Trump in the November US presidential election has greatly increased the probability of approval for multiple encrypted ETFs.

However, Seyffart also emphasized that the legal positioning of Solana is still to be resolved, especially the question of whether it is a security, before it can be included in the regulatory framework of ETFs.

Asset management giant JPMorgan Chase & Co. has previously predicted that if the Solana Spot ETF is approved, it may attract $3 billion to $6 billion in net inflows in the first year, which Balchunas believes is quite reasonable.

)JPMorgan: If XRP and Solana ETFs are approved, they may attract $13.6 billion in investments in the first year(

This article SEC accepts Cboe's multi-SolanaSpotETF application, with fund giant Franklin intending to compete? First appeared in Chain News ABMedia.