Asset management giant Franklin Templeton has submitted a filing for a Solana ETF, just one day after submitting an application for an XRP ETF.
The filing aims to list and trade shares of the proposed Solana ETF on the Chicago Board Options Exchange.
The Solana ETF is designed to track the market price of the cryptocurrency and includes a request to allow staking of the fund's underlying SOL to earn additional rewards.
Franklin Templeton's dual filing for Solana and XRP ETFs reflects its strategic embrace of the evolving crypto market and signifies growing recognition of digital assets within traditional finance.