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On March 12, the Cboe BZX Exchange, on behalf of Franklin Templeton, requested the U.S. Securities and Exchange Commission (SEC) to list the Solana ETF. On March 11, the asset manager had requested the SEC to list the XRP ETF.
If either is approved, the American investment management firm would become the largest asset manager to launch an ETF tied to SOL and XRP.
A crypto ETF is an investment fund that tracks the performance of a crypto asset. Its shares are traded on traditional stock exchanges.
Last year, the SEC approved the listing of spot Bitcoin and Ethereum ETFs. With the Trump administration pursuing an aggressive pro-crypto policy, there is a surge in filings for crypto ETFs.
Bitcoin and Ethereum are no longer the only crypto assets to have ETFs tied to them. Now, there are several filings for ETFs tied to altcoins such as SOL, XRP, and DOGE under the new government. On March 11, the Cboe BZX Exchange requested the SEC to allow Fidelity’s spot Ethereum ETF to stake its ETH holdings.
Though the SEC is yet to take a call on these listings, experts are rather optimistic. Leading ETF analyst James Seyffart referred to delays as “standard procedure” as the final deadline for the SEC to approve these ETFs is October 2025. He asserted that there are relatively high odds of approval of these ETFs.
As far as Franklin Templeton is concerned, it had launched a spot Bitcoin ETF in January 2024 and a spot Ethereum ETF in July 2024. Now, the asset manager is eyeing altcoin ETFs too.