{"id":34795,"date":"2024-07-24T17:43:27","date_gmt":"2024-07-24T17:43:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/franklin-templeton-endorses-solana-following-launch-of-its-ethereum-etf\/"},"modified":"2024-07-24T17:43:27","modified_gmt":"2024-07-24T17:43:27","slug":"franklin-templeton-endorses-solana-following-launch-of-its-ethereum-etf","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/franklin-templeton-endorses-solana-following-launch-of-its-ethereum-etf\/","title":{"rendered":"Franklin Templeton Endorses Solana Following Launch of its Ethereum ETF"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">Franklin Templeton has said that Solana has shown \u201cmajor adoption and continues to mature\u201d<\/li>\n<li aria-level=\"1\">The asset manager launched its second digital asset-backed ETF, the Franklin Ethereum ETF (EZET)<\/li>\n<li aria-level=\"1\">Franklin Templeton has agreed to fully waive its fees until January 2025 for the first $10bn in fund assets<\/li>\n<\/ul>\n<p>Franklin Templeton has indicated it\u2019s confident in the development of crypto exchange-traded funds (ETFs) claiming \u201cthere are other exciting and major developments\u201d that will drive the crypto industry forward.<\/p>\n<p>In a post of <a href=\"https:\/\/x.com\/FTI_DA\/status\/1815830495403626816\" target=\"_blank\" rel=\"noopener\">X<\/a>, the asset manager wrote: \u201cBesides <a href=\"https:\/\/coinjournal.net\/search\/bitcoin\">Bitcoin<\/a> and <a href=\"https:\/\/coinjournal.net\/search\/ethereum\">Ethereum<\/a>, there are other exciting and major developments that we believe will drive the crypto space forward.\u201d<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-216529\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/07\/Franklin-Templeton.jpg\" alt=\"Franklin Templeton X post\" width=\"946\" height=\"511\"\/><\/p>\n<p>Showing enthusiasm for a Solana ETF, <a href=\"https:\/\/coinjournal.net\/search\/franklin+templeton\">Franklin Templeton<\/a> added:<\/p>\n<p>\u201cSolana has shown major adoption and continues to mature, overcoming technological growing pains and highlighting the potential of high-throughput, monolithic architectures.\u201d<\/p>\n<h2>Ethereum ETF Launch<\/h2>\n<p>The announcement from Franklin Templeton comes after the asset manager <a href=\"https:\/\/www.businesswire.com\/news\/home\/20240723311571\/en\/Franklin-Templeton-Launches-Franklin-Ethereum-ETF-EZET\" target=\"_blank\" rel=\"noopener\">launched its second digital asset-backed ETF<\/a>, the Franklin Ethereum ETF (EZET), which is available on the <a href=\"https:\/\/coinjournal.net\/search\/cboe\">Chicago Board Options Exchange<\/a> (Cboe).<\/p>\n<p>Speaking of the launch, Patrick O\u2019Connor, head of Global ETFs for Franklin Templeton, said: \u201cAfter the success of our spot bitcoin ETF (EZBC) launch in January, we are proud to add EZET to our growing lineup of digital asset ETFs.\u201d<\/p>\n<p>O\u2019Connor added that the company was \u201cthrilled\u201d to provide its clients more access to the digital asset industry in a \u201cregulated fund structure that integrates seamlessly into traditional portfolios.\u201d<\/p>\n<p>As part of its launch, Franklin Templeton has agreed to fully waive fees until January 2025 for the first $10bn in fund assets.<\/p>\n<p>Earlier this week, Cboe announced <a href=\"https:\/\/coinjournal.net\/news\/cboe-announces-july-date-to-list-five-spot-ether-etfs\/\">listing five ether ETFs<\/a> following the US Securities and Exchange Commission\u2019s (SEC) approval. Franklin Templeton was one of those, the others are 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, and VanEck Ethereum ETF.<\/p>\n<p>Data shows that <a href=\"https:\/\/coinjournal.net\/news\/spot-ethereum-etfs-record-1b-trading-volume-on-day-one-as-poodlanas-presale-approaches-2-5m\/\">investors traded over $1bn worth of shares from the ether ETF issuers<\/a> on the first day of availability, with a net inflow of $106.7m.<\/p>\n<h2>Solana ETFs<\/h2>\n<p>In July, Cboe also <a href=\"https:\/\/coinjournal.net\/news\/cboe-seeks-secs-approval-after-filing-to-list-solana-etfs\/\">submitted two applications to list spot Solana ETFs<\/a> on its platform: 21Shares and VanEck. Filing two 19b-4 form applications on July 8, the SEC has until March 2025 to make a decision.<\/p>\n<p>According to the Cboe, a potential Solana ETF is similar to spot Bitcoin and spot Ethereum funds, adding \u201cmuch like bitcoin and ETH, the Exchange believes that SOL is resistant to price manipulation and that \u201cother means to prevent fraudulent and manipulative acts and practices\u201d exist to justify dispensing with the requisite surveillance sharing agreement.\u201d<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/franklin-templeton-endorses-solana-following-launch-of-its-ethereum-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Franklin Templeton has said that Solana has shown \u201cmajor adoption and continues to mature\u201d The asset manager launched its second digital asset-backed ETF, the Franklin Ethereum ETF (EZET) Franklin Templeton has agreed to fully waive its fees until January 2025 for [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":34796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34795"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34795"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34796"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}