Franklin Templeton has filed an S-1 prospectus with the SEC for a Franklin Solana ETF, joining a list of major asset managers seeking approval for funds tied to Solana's performance. Other issuers like Grayscale, Bitwise, and VanEck have also filed for similar ETFs. Bloomberg's ETF Analyst Eric Balchunas estimates a 70% chance for approval of Solana ETFs this year, although the timing remains uncertain. Despite recent price fluctuations, with Solana trading around $168—down over 16% in a week—demand for crypto assets persists, bolstered by the success and substantial inflows in Bitcoin ETFs. Franklin Templeton has recently also launched the Templeton Crypto Index ETF to track Bitcoin's and Ethereum's price movements. The trend indicates growing interest among asset managers in diversifying beyond Bitcoin, anticipating favorable regulatory developments.

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