Tag: CBOE

• CBOE has submitted the application to quote Franklin Templeton’s ETF Solana
• The ETF Franklin Templon Solana aims to follow the sun’s price
• Solana (Sol) reached $ 129.60 after the presentation, but fell to $ 123.71 amid a broader fall in cryptocurrencies.

The BZX CBOE Stock Exchange has submitted the 19B-4 application before the US stock and securities commission.

Proposed by Franklin Templeton, the application It was presented on Wednesday, March 12, 2025. It should be noted that Franklin Templeton, a global investment giant that manages more than 1.5 billion dollars in assets, presented its initial proposal For the ETF less than a week ago, which reflects the growing interest in cryptocurrency -based funds among traditional financial institutions.

The proposed ETF of Franklin Templeton Solana

The ETF Solana proposed by Franklin Templeton seeks to replicate the spot price of sun, the native cryptocurrency of a blockchain known for its high -speed transactions and its popularity among the developers of MEME coins.

Franklin Templeton’s incursion in Solana occurs after a competitive wave of similar applications of companies such as Grayscale Investments, Canary Capital, Bitwise, 21Shares and Vaneck, all of them interested in launching ETFs Solana Spot. The SEC has already opened periods of public consultation for several of these proposals, indicating a cautious but active evaluation process.

The impulse of Funds Solana highlights a change beyond Bitcoin and Ethereum, which have dominated the ETF market with almost 100,000 million dollars and 2.5 billion dollars in assets, respectively.

The ETFS of Ethereum Spot, although less explosive than their Bitcoin counterparts, have attracted important tickets since its launch eight months ago, setting a precedent for Altcoins funds such as Solana.

Unlike direct cryptocurrency property, ETFs offer a family investment vehicle for institutional and retail investors, which could boost a broader adoption.

The SEC has 240 days to review the presentation

The CBOE application begins a 240 -day review period during which the SEC must decide whether to approve or denied the application. This period places the decision by the end of 2025, possibly in line with a broader wave of Cryptocurrency ETF approvals.

The application underlines Solana’s growing attraction, despite the fact that its recent price is around $ 124 (below its historical maximum) amid a two -month drop in the cryptocurrency market.

It should be noted that this is not Franklin Templeton’s first foray into the world of cryptocurrencies. The firm began exploring digital assets in 2019 digitizing the actions of a money market fund in the Stellar blockchain, followed by a digital asset risk capital fund in 2021.

Bitcoin and Ethereum operates ETF, which demonstrates their growing experience in this sector. The proposed Solana ETF could further diversify Templeton’s offer, taking advantage of an avid market regulated to Altcoins.

Solana price reaction

Despite experiencing a slight rebound to an intradiary maximum of $ 129.60 after the presentation of the application of CBOE, Solana (Sol) retreated shortly after to $ 123.71 at the close of this edition, 39% less than in the last month.

The price of Solana remains well below its maximum of January, affected by the general collapse of cryptocurrencies and the decrease in enthusiasm around the meme coins based on their blockchain.

However, the presentation of the ETF of Solana suggests confidence in its long -term potential, especially as a scalable platform for decentralized applications. If approved, the ETFs of Solana could inject fresh capital and stability in the Solana ecosystem, reflecting the transforming effect that Bitcoin ETF had in that market.