In a latest development, Franklin Templeton, a global asset management company and spot Bitcoin exchange-traded fund (ETF) issuer, has filed corporate registration documents for the “Franklin Solana Trust” in Delaware, USA. This indicates that it joins competitors like Canary Fund and Grayscale in pursuing a Solana ETF. This signals that a spot ETF filing may be coming, as this was the process followed by Bitwise and other ETF filings. Previously, the Solana spot ETF filings from CANARY and Grayscale have been confirmed by the SEC.

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