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In an astonishing development, Franklin Templeton has joined the Solana ETF rally, submitting documents in the US state of Delaware. By registering the Franklin Solana Trust entity, the asset manager has initiated procedures for its spot Solana ETF launch.
The regulator could reach a decision at the end of a 21 day comment period.
In a latest development, Franklin Templeton, a global asset management company and spot Bitcoin exchange-traded fund (ETF) issuer, has filed corporate registration documents for the “Franklin Solana Trust” in Delaware, USA. This indicates that it joins competitors like Canary Fund and Grayscale in pursuing a Solana ETF.
Solana price falls below $200 as the network's onchain activity drops, but investors' anticipation of a spot SOL ETF could prompt a recovery.
The U.S. Securities and Exchange Commission (SEC) has acknowledged a recent Solana ETF application proposed by Canary Capital.
Raydium has jumped by 15% today, with the Solana-based coin rising to $5.60 as the cryptocurrency market suffers a 0.5% dip in the past 24 hours.
Solana price (SOL) price remains below the $200 mark, struggling to regain momentum. The cryptocurrency has dropped 10% in the past week amid broader market uncertainty.
Elon Musk changed his X name to Harry Bōlz after defending one of his DOGE acolytes, with the shift sparking Solana meme coin surges.
The cryptocurrency market saw Layer-1 blockchain market capitalizations rise by 6% in January 2025, despite mixed performance across different segments of the industry, according to a report by J.P. Morgan (NYSE:JPM).
Solana DEX volume hits $59.55B in February, nearly twice Ethereum's. Lower transaction fees, meme coin trading, and institutional backing drive growth, while Solana's network efficiency boosts adoption and liquidity. The post Solana DEX Volume Surges Towards $60 Billion, Extends Winning Streak Over Ethereum appeared first on Cryptonews.
In Solana's fast-moving crypto space, a token without strong trading volume gets ignored. Investors, traders, and automated scanners track transaction activity to find the next high-potential asset. If a project lacks volume, it fails to gain traction.
Regulatory filings show momentum for crypto ETFs, with Bloomberg estimating a 70% approval chance for spot Solana ETFs in the U.S.
Solana whales have show intent to protect the $200, but only time will tell SOL's next move.
Traders have been wondering where some sell pressure has been coming from amid mass buying by US ETFs and MicroStrategy. Binance.
Bitcoin (BTC) is testing $98,000, remaining sluggish but slowly climbing towards $100,000. The flagship cryptocurrency is up over 1%, trading around $99,100, as buyers look to maintain control.
Cryptocurrencies have been experiencing some volatility recently, and the big question on everyone's mind is, “When will Altseason arrive?” Many investors are wondering if altcoins will start showing strength again after a period of underperformance compared to Bitcoin. At the moment, many altcoins are struggling against Bitcoin's dominance.
Spot altcoin ETFs stand a good chance of being confirmed in 2025, according to Bloomberg ETF analysts. What Happened: Senior Bloomberg ETF analyst Eric Balchunas on Monday stated that Litecoin (CRYPTO: LTC) has the highest ETF approval odds at 90%.
Solana (SOL) has declined since its rejection of the $260 top price.
According to analysts from Bloomberg, there is a 90% probability that the U.S. Securities and Exchange Commission (SEC) will approve a spot exchange-traded fund (ETF) based on Litecoin (LTC) by the end of 2025. They estimate the chances of approval for other crypto ETFs, such as those for XRP, Solana (SOL), and Dogecoin (DOGE), at 65%, 70%, and 75%, respectively.
According to crypto analyst Ali Martinez, the Solana price action is at a crucial level, pointing to a key support level within a parallel channel. Based on the Solana price movement in the daily candlestick timeframe, his analysis suggests that the altcoin has been trading in an uptrend channel since July 2024.
After a massive liquidation crash in January, the crypto market has been struggling to this day. Not only the smaller and less volatile cryptos but also the top ones, Bitcoin, XRP, Solana, and Cardano, struggled and faced high consolidations.
The rivalry between Solana and Ethereum just took a new twist with SOL outshining ETH in key metrics.
Anthony Scaramucci's SkyBridge Capital is a “much bigger Solana fan than Ethereum,” as said in a recent interview to CNBC. Solana (SOL) is a direct competitor to Ethereum (ETH) as a leading Layer-1 (L1) blockchain for decentralized applications and tokens.
Solana is attempting a bullish breakout after a corrective structure. A move above $216.90 could push SOL toward $231.72 and $246.54, while failure to hold $195.81 risks downside.
