Franklin Templeton has registered a Delaware trust associated with a Solana ETF, suggesting plans to potentially launch the fund in the US soon.
According to a filing with Delaware's corporate regulator, the "Franklin Solana Trust" was established on Feb. 10 by CSC Delaware Trust Company, which has also registered cryptocurrency trust products for other asset managers such as Bitwise.
Franklin Templeton will have to file a Form 19b-4 and Form S-1 with the SEC for the proposed ETF.
If approved, the Franklin Solana Trust would aim to track the price movement of Solana.