The Chicago Board Options BZX Exchange (Cboe) has filed an application for a Solana-based exchange-traded fund (ETF) on behalf of Franklin Templeton. The proposed ETF will hold spot SOL and requests the SEC to allow staking of the underlying crypto for additional rewards. The filing argues that not staking would be equivalent to giving up potential additional SOL, similar to equity ETPs refusing dividends. This application follows previous submissions from firms like Grayscale and Bitwise, and secures attention amid a potentially more favorable regulatory landscape after the resignation of former SEC Chair Gary Gensler. Although the SEC announced a delay in decisions regarding several altcoin ETFs, including those for Solana and others, analysts suggest that this is standard practice and a high likelihood of approval remains, with a deadline set for October 2025. Franklin Templeton's CEO is optimistic about a pro-crypto agenda resurfacing, potentially paving the way for more blockchain-based financial products.

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