Franklin Templeton has registered the Franklin Solana Trust in Delaware, reflecting the company’s entry into the Solana ETF market. This indicates rising institutional interest in regulated investments pertaining to Solana (SOL).

The recent SEC acknowledgement of Solana ETF applications from other firms such as Canary Capital and Grayscale highlights the growing demand for regulated crypto products. Franklin previously showed interest in Solana in June 2024.

Bloomberg analysts predict a 70% approval likelihood for Solana ETFs, as the SEC’s evolving stance opens doors for a wider range of crypto investment products, particularly as broader interest in digital assets continues to grow.