Franklin Templeton Files for Solana ETF

altcoin chronicle

27 Mar 2025 — 1 min read

Franklin Templeton, one of the world’s largest asset management firms, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a Solana-based exchange-traded fund (ETF), marking a significant step toward expanding institutional access to alternative cryptocurrencies beyond Bitcoin and Ethereum.

The ETF will be designed to track the spot price of Solana (SOL), allowing investors to gain direct exposure to the cryptocurrency’s market performance without needing to hold the asset directly.
The ETF will trade on the Cboe BZX Exchange, the same platform used for several recently approved Bitcoin and Ethereum ETFs.
Coinbase Custody Trust Company will act as the ETF’s custodian, managing the storage and security of Solana holdings.
The filing notes that the ETF will be structured similarly to spot Bitcoin ETFs, with daily disclosures of net asset value and underlying holdings.

Why Solana?

High Throughput and Low Fees
- Solana’s blockchain is known for its high transaction speeds and low costs, making it attractive for decentralized applications (dApps) and institutional investors.
- The network can process over 65,000 transactions per second (TPS), significantly higher than Ethereum's capacity.
Growing Ecosystem
- Solana has become a hub for DeFi (decentralized finance) and NFTs (non-fungible tokens), with a growing number of developers and projects choosing Solana over other blockchains due to its scalability and low fees.
- The success of Solana-based meme coins and decentralized exchanges (DEXs) has further solidified its position as a leading blockchain platform.
Institutional Demand
- The move to file for a Solana ETF reflects increasing demand from institutional investors looking to diversify their cryptocurrency holdings beyond Bitcoin and Ethereum.
- Franklin Templeton’s decision signals confidence in Solana’s long-term growth potential and resilience despite previous network congestion issues.

Study Reveals Biases in AI-Driven Medical Care

A recent study published in Nature Medicine has revealed that artificial intelligence (AI) models used in healthcare can exhibit biases based on patients' socioeconomic and demographic characteristics. Researchers created approximately 36 hypothetical patient profiles and presented them to nine large language AI models across 1,000 different emergency room

Google Unveils Ironwood, Its Latest AI Accelerator Chip

Google has unveiled Ironwood, its seventh-generation Tensor Processing Unit (TPU), designed to significantly enhance the performance and efficiency of artificial intelligence (AI) applications, particularly in inference tasks. Ironwood represents a major advancement in Google's decade-long effort to develop alternatives to Nvidia's dominant AI processors. Engineered for

Cryptocurrency Executives Lobby Congress to Allow Stablecoins to Pay Interest

In early April 2025, leading cryptocurrency executives intensified their lobbying efforts, urging Congress to permit stablecoin issuers to offer interest payments to token holders. This initiative seeks to incorporate provisions into forthcoming legislation that would establish a regulatory framework for stablecoins—cryptocurrencies pegged to stable assets like the U.S.

U.S. Justice Department Disbands Cryptocurrency Enforcement Unit

On April 8, 2025, the U.S. Department of Justice (DOJ) announced the immediate disbandment of its National Cryptocurrency Enforcement Team (NCET). This decision aligns with the Trump administration's broader initiative to ease regulations in the digital assets sector. Deputy Attorney General Todd Blanche emphasized that the DOJ

Why Solana?

Read more

Study Reveals Biases in AI-Driven Medical Care

Google Unveils Ironwood, Its Latest AI Accelerator Chip

Cryptocurrency Executives Lobby Congress to Allow Stablecoins to Pay Interest

U.S. Justice Department Disbands Cryptocurrency Enforcement Unit