Franklin Templeton Expands Cryptocurrency Focus with Potential Solana ETFs and New Ethereum Offering

Franklin Templeton is actively seeking to expand its offerings in the cryptocurrency market, with a particular focus on launching new spot exchange-traded funds (ETFs) that could include Solana. The company made headlines in July when it announced the potential addition of Solana ETFs alongside its successful launches of Bitcoin and Ethereum ETFs. In a recent social media post, Franklin Templeton emphasized that they believe substantial developments outside of Bitcoin and Ethereum could further stimulate the cryptocurrency landscape.

The company’s latest move includes the rollout of the Franklin Ethereum ETF (EZET), introduced on the Chicago Board Options Exchange’s BZX exchange. This new ETF features a low fee structure of 0.19%, with Franklin Templeton further enticing investors by waiving fees entirely until the end of January 2025 for the first $10 billion in fund assets. This launch follows the company’s earlier achievement in January 2024 when it introduced its spot Bitcoin ETF (EZBC), marking its entry into the world of cryptocurrency ETFs.

Franklin Templeton’s interest in Solana is gaining traction amid growing excitement in the market. Market participants have noted a surge in anticipation for potential Solana ETFs, especially since other funds, like the VanEck Solana Trust and applications from 21Shares, have been filed with the U.S. Securities and Exchange Commission (SEC). Predictions suggest that these applications will receive final decisions by March 2025, which could pave the way for a host of new investment opportunities in the crypto space. As more firms look to establish cryptocurrency ETFs, Franklin Templeton’s ongoing exploration signals a somewhat bullish sentiment towards expanding digital asset investment options.