Financial firm Franklin Templeton has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the Franklin Solana ETF, an exchange-traded fund that would track the price of the cryptocurrency Solana. The ETF would be structured as a commodity-based trust and listed on the Cboe BZX Exchange. It would hold Solana directly, with Coinbase Custody Trust Company serving as the custodian. Franklin Templeton argues that Solana's market is resistant to manipulation due to its decentralized nature and 24/7 trading. The SEC will review the proposal, with a decision expected in 45 to 90 days.



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