Franklin Templeton Files For Solana ETF
Franklin Templeton has been added to the list of asset managers seeking authorization for exchange-traded funds that follow Solana’s price.
The company declared that “The Fund seeks to reflect generally the performance of Solana.”
Grayscale, Bitwise, Canary, 21Shares, and VanEck have filed for exchange-traded funds (ETFs) in response to the performance of the sixth-largest cryptocurrency by market valuation.
Solana was trading at roughly $172, a little more than a day earlier. The smart contracts blockchain’s token has fallen more than 15% percent in the last week amid less interest in the meme market
Investor interest in assets with a crypto emphasis is still high, despite the ongoing fallout from the spectacular success of spot Bitcoin funds.
Investor interest in assets with a crypto emphasis is still high, despite the ongoing fallout from the spectacular success of spot Bitcoin funds.
11 Bitcoin funds have received over $40 billion in net inflows within a year, which helped to pave the way for the July approval of ETFs that track the price of Ethereum.
The Templeton Crypto Index ETF (EZPZ), which tracks the price movements of Bitcoin, and Ethereum has already hit the market.
This action demonstrates asset managers’ increasing desire to provide investment products other than Bitcoin, particularly as regulatory circumstances improve.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals