Transaction URL: https://etherscan.io/tx/0x33537a444fcf8496cb637d60dfd2a7d404cc790647e9248593964479df7ae7b1
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Franklin Templeton has taken a significant step forward by filing for a Solana spot exchange-traded fund further expanding the burgeoning crypto ETF landscape. On February 11 the $1.5 trillion asset manager registered the Franklin Solana Trust in Delaware setting the stage for a potential Solana ETF in the U.S. market. This move aligns Franklin Templeton with major players such as Canary Grayscale 21Shares VanEck and Bitwise all competing to pioneer Solana ETFs.
The Delaware filing is a precursor to an official ETF application a strategy previously employed by other issuers to navigate regulatory paths. Franklin Templeton’s bullish stance on Solana which was first noted in July 2024 emphasizes the asset manager’s belief in Solana’s potential alongside other leading cryptocurrencies like Bitcoin and Ethereum. Analysts view this as a sign of Solana’s maturation and readiness for broader market adoption.
Recent SEC nods to Bitcoin and Ethereum spot ETFs in 2024 and formal recognitions for Litecoin and Solana ETF applications signal a growing acceptance of crypto products in the regulatory framework. Bloomberg experts suggest a high likelihood of approval for a Litecoin ETF a development that could pave the way for Solana’s inclusion in the ETF market soon.
Amid skepticism of his support for the Stool Prisondente (JAILSTOOL) token, Barstool Sports founder Dave Portnoy turned to promote another meme coin, Dave Fartnoy, on Tuesday.
What Happened: The popular social media personality took to X to shill another Solana SOL/USD-based meme coin that poked fun at him.
“Let’s see how this works. I bought Dave Fartnoy. I got no clue who made it. It was sent to me,” Portnoy said, adding that he may sell the coin “at any moment.”
you lose the plot you want people to believe because you keep shilling all these useless shitcoins you are buying to your audience rather than just staying quiet about it.
— Benjamin Cowen… Read more on Benzinga
Goldman Sachs significantly increased its investments in Bitcoin exchange-traded funds as revealed in the most recent 13F filings. These filings which offer a peek into the strategies of the world’s top portfolios show that the banking titan is betting big on cryptocurrency. By the end of 2024 Goldman owned a whopping $1.27 billion in shares of the iShares Bitcoin Trust ETF managed by BlackRock.
This acquisition marks an 88% surge in the shares held compared to the previous quarter. The iShares Bitcoin Trust ETF is notable for being the largest spot Bitcoin ETF by assets under management. Goldman’s commitment to crypto doesn’t stop there; the bank also boosted its stakes in the Fidelity Wise Origin Bitcoin Fund with holdings now valued at $288 million.
This move represents a 105% increase in shares from the earlier period illustrating a robust confidence in Bitcoin’s potential. The financial giant also adjusted other Bitcoin ETF positions some of which saw reductions or were dissolved altogether. These strategic investments underscore Goldman Sachs’s bullish outlook on the future of digital currencies.