Asset management firm Franklin Templeton has established a trust in Delaware associated with a proposed Solana spot ETF, signaling potential plans to launch the fund in the United States.
According to documents filed with Delaware’s corporate regulators, the “Franklin Solana Trust” was created on February 10 by CSC Delaware Trust Company, which has also facilitated crypto trust products for other asset managers like Bitwise.
To compete in the Solana ETF market alongside firms such as Grayscale, Bitwise, VanEck, 21Shares, and Canary Capital, Franklin Templeton will need to submit a Form 19b-4 and a Form S-1 to the U.S. Securities and Exchange Commission (SEC).
