{"id":49000,"date":"2025-03-12T18:34:06","date_gmt":"2025-03-12T18:34:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cboe-submits-19b-4-filing-to-list-solana-etf-proposed-by-franklin-templeton\/"},"modified":"2025-03-12T18:34:06","modified_gmt":"2025-03-12T18:34:06","slug":"cboe-submits-19b-4-filing-to-list-solana-etf-proposed-by-franklin-templeton","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cboe-submits-19b-4-filing-to-list-solana-etf-proposed-by-franklin-templeton\/","title":{"rendered":"Cboe submits 19b-4 filing to list Solana ETF proposed by Franklin Templeton"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/03\/shutterstock_2031236075-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/03\/shutterstock_2031236075-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/03\/shutterstock_2031236075-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/03\/shutterstock_2031236075-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Cboe has filed to list Franklin Templeton\u2019s Solana ETF.<\/li>\n<li>The Franklin Templon Solana ETF aims to track SOL price.<\/li>\n<li>Solana (SOL) hit $129.60 post-filing but fell to $123.71 amid a broader crypto slump.<\/li>\n<\/ul>\n<p>Cboe BZX Exchange submitted a <a href=\"https:\/\/cdn.cboe.com\/resources\/regulation\/rule_filings\/pending\/2025\/SR-CboeBZX-2025-039.pdf\">19b-4 filing<\/a> with the US Securities and Exchange Commission (SEC) on Wednesday, March 12, 2025, to enable the listing of a Solana exchange-traded fund (ETF) proposed by Franklin Templeton.<\/p>\n<p>This filing marks a pivotal step in bringing Solana (SOL), the sixth largest cryptocurrency by market value, into the realm of mainstream financial products.<\/p>\n<p>Notably, Franklin Templeton, a global investment giant managing over $1.5 trillion in assets, <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2057388\/000113743925000111\/s1.htm\">submitted its initial proposal<\/a> for the ETF less than a week ago, reflecting the accelerating interest in crypto-based funds among traditional financial institutions.<\/p>\n<h2>The proposed Franklin Templeton Solana ETF<\/h2>\n<p>The proposed Franklin Templeton Solana ETF aims to track the spot price of SOL, the native cryptocurrency of a blockchain known for its high-speed transactions and popularity among meme coin developers.<\/p>\n<p>Franklin Templeton\u2019s push into Solana follows a competitive flurry of similar applications from firms like Grayscale Investments, Canary Capital, Bitwise, 21Shares, and VanEck, all vying to launch spot Solana ETFs.<\/p>\n<p>The SEC has already opened public comment periods for several of these proposals, indicating a cautious but active evaluation process.<\/p>\n<p>The momentum for Solana funds highlights a shift beyond Bitcoin and Ethereum, which have dominated the ETF space with nearly $100 billion and $2.5 billion in assets, respectively. Spot Ethereum ETFs, though less explosive than their Bitcoin counterparts, have still attracted significant inflows since their debut eight months ago, setting a precedent for altcoin funds like Solana.<\/p>\n<p>Unlike direct crypto ownership, ETFs provide a familiar investment vehicle for institutional and retail investors, potentially driving broader adoption.<\/p>\n<h2>The SEC has 240 days to review the filing<\/h2>\n<p>Cboe\u2019s submission triggers a 240-day review period during which the SEC must decide whether to approve or deny the request. This timeline positions the decision for late 2025, potentially aligning with a broader wave of crypto ETF approvals.<\/p>\n<p>The filing underscores Solana\u2019s growing appeal, despite its recent price hovering around $124\u2014down from its all-time high\u2014amid a two-month crypto market downturn.<\/p>\n<p>Notably, this isn\u2019t Franklin Templeton\u2019s first foray into cryptocurrency. The firm began exploring digital assets in 2019 by digitizing shares of a money market fund on the Stellar blockchain, followed by a digital asset venture fund in 2021. It currently operates Bitcoin and Ethereum ETFs, showcasing its growing expertise in the space.<\/p>\n<p>The proposed Solana ETF could further diversify Templeton\u2019s offerings, tapping into a market eager for regulated exposure to altcoins.<\/p>\n<h2>Solana price reaction<\/h2>\n<p>Despite seeing a slight uptick to an intraday high of $129.60 following the Cboe filling, Solana (SOL) soon after pulled back to $123.71 at press time, down 39% over the past month.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/solana\/\">Solana price<\/a> remains well below its January peak, impacted by a wider crypto rout and the fading hype around meme coins built on its blockchain.<\/p>\n<p>The Solana ETF filings, however, suggests confidence in Solana\u2019s long-term potential, particularly as a scalable platform for decentralized applications. If approved, the Solana ETFs could inject fresh capital and stability into the Solana ecosystem, mirroring the transformative effect Bitcoin ETFs had on that market.<\/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\/cboe-submits-19b-4-filing-to-list-solana-etf-proposed-by-franklin-templeton\/\">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 ) Cboe has filed to list Franklin Templeton\u2019s Solana ETF. The Franklin Templon Solana ETF aims to track SOL price. Solana (SOL) hit $129.60 post-filing but fell to $123.71 amid a broader crypto slump. Cboe BZX Exchange submitted a 19b-4 filing with [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":49001,"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\/49000"}],"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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=49000"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/49000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/49001"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=49000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=49000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=49000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}