Franklin Templeton Files to Create Solana ETF With Staking Capabilities
- Franklin Templeton filed for a Solana ETF with staking, expanding on its earlier Solana Trust proposal from this month.
- Previous attempts at staking ETFs were withdrawn, but changing political conditions could favor Franklin Templeton's proposal.
- The SEC's Crypto Task Force recently discussed ETP staking, signaling potential regulatory openness to the concept.
Franklin Templeton filed to create a Solana ETF with staking options today. Earlier this month, it filed for a Solana Trust, and today’s proposal builds on that initial effort.
Presently, any ETF staking activity under this proposal would fall entirely under Franklin Templeton’s proposal. Nevertheless, previous industry efforts to establish a staking ETF in 2024 were withdrawn en masse, but this new attempt is determined.
Will the SEC Approve a Solana ETF?
Since President Trump took office in January, approval for a Solana ETF seems increasingly likely. The SEC has acknowledged a stretch of relevant applications in quick succession, and most Polymarket users think that approval in 2025 is very likely.
However, Franklin Templeton is going one step further, attempting to create a Solana ETF with staking.
“The Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers, which may include an affiliate of the Sponsor (“Staking Providers”). In consideration for any staking activity in which the Fund may engage, the Fund would receive certain staking rewards of Solana tokens, which may be treated as income,” the SEC filing reads.
To be clear, the “Sponsor” in the brief refers to Franklin Templeton itself, and it would have total control over the staking process and rewards. Although this process is apparently in no way decentralized, it still is a novel proposal in the ETF space.
Franklin Templeton also filed for a Solana Trust in February, and today’s ETF builds on this earlier application. Last year, several issuers attempted to create a staking Ethereum ETF, but all these proposals were withdrawn.
Nonetheless, political conditions are very different in 2025.
First of all, the SEC’s Crypto Task Force consulted industry leaders about ETP staking a week ago. These discussions were more general than a staking ETF specifically, but the Task Force has continued dialogues with other crypto firms.
Additionally, Task Force leader Hester Peirce requested more feedback from the crypto industry earlier today.
If Franklin Templeton is able to create a Solana staking ETF, it could cause a real boost to the underlying asset. SOL has experienced a difficult month, and there are few immediate signs of a price recovery.
Ultimately, however, there’s no real proof that the Commission will play ball with this request. The Task Force’s recent meeting only concerned ETP staking, and it’s the most bullish signal for Franklin Templeton.
Uphold
Explore
Coinbase
Explore
Moonacy
Explore
Chain GPT
Explore
Uphold
Coinbase
eToro
eToro
eToro
eToro
Moonacy
Chain GPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10