Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Franklin Templeton seeks SEC approval for a Solana ETF involving staking

Franklin Templeton seeks SEC approval for a Solana ETF involving staking

The BlockThe Block2025/02/20 16:00
By:By Sarah Wynn

Quick Take Franklin Templeton’s registration statement posted on Friday included language around language on staking for a proposed Franklin Solana ETF. “I think staking will ultimately be allowed for all proof-of-stake assets inside an ETF wrapper,” said Bloomberg ETF analyst James Seyffart.

Franklin Templeton seeks SEC approval for a Solana ETF involving staking image 0

Franklin Templeton, one of the world's largest investment managers, is looking to include staking in its proposal for a Solana exchange-traded fund to the U.S. Securities and Exchange Commission.

The firm's registration statement posted on Friday included language around language on staking for a proposed Franklin Solana ETF.

"In consideration for any staking activity in which the Fund may engage, the Fund would receive certain staking rewards of Solana tokens, which may be treated as income to the Fund," according to the filing.

Shares would be listed on the Cboe BZX Exchange, and the custodian will be Coinbase Custody Trust Company, LLC, the firm said. 

Multiple firms are now vying for a spot Solana ETF following a change to a more crypto-friendly administration and as new SEC leadership takes shape. During the previous administration, former SEC Chair Gary Gensler had been weary of crypto, but following a groundbreaking lawsuit brought by Grayscale over spot bitcoin ETFs, the regulator later approved those products. Soon after, the SEC also greenlit Ethereum ETFs. 

Firms have since met with the agency to discuss staking. Last week, the agency's newly created crypto task force met with Jito Labs and Multicoin Capital to discuss the possibility of including staking into exchange-traded products.  

Franklin Templeton's move to include staking comes after others have looked to do the same for Ethereum ETFs. The New York Stock Exchange asked the SEC to allow  staking for Grayscale's Ethereum ETFs, and Cboe BZX Exchange is  looking to get the SEC's sign-off for 21Shares' Ethereum ETF. 

"I think staking will ultimately be allowed for all proof-of-stake assets inside an ETF wrapper," Bloomberg ETF analyst James Seyffart told The Block. "It’s just more a matter of when at this point."

Rules around staking are still needed, and filings for Ethereum ETF staking will have deadlines before those for Solana, he added. 

Many firms cut staking out of their registration statements ahead of the agency's sign-off on spot Ethereum ETFs last year. Gensler had previously said proof-of-stake tokens are securities. 


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Korean Won Stablecoin Alliance Seeks to Disrupt US Dollar Dominance in Digital Finance

- WEMADE leads Korean won stablecoin alliance with CertiK, Chainalysis, and SentBe to challenge USD-dominated stablecoin markets. - CertiK provides security infrastructure for StableNet mainnet, while Chainalysis/SentBe enhance compliance and transparency. - South Korea's $10.3B Upbit-Naver merger and KakaoBank's initiatives reflect national strategy to assert monetary sovereignty via blockchain. - Regulatory hurdles persist, but alliance aims to navigate 51% bank ownership rules through security-complianc

Bitget-RWA2025/11/28 09:32
Korean Won Stablecoin Alliance Seeks to Disrupt US Dollar Dominance in Digital Finance

Swiss Crypto Tax Postponement Highlights Challenges in International Cooperation

- Switzerland delays Crypto-Asset Reporting Framework (CARF) implementation to 2027 due to stalled international data-sharing negotiations. - The OECD-endorsed framework aims to combat tax evasion via cross-border crypto reporting, with 75 countries participating but uneven global adoption. - Swiss amendments to domestic crypto tax laws include transitional provisions to ease compliance burdens for local firms amid regulatory uncertainty. - Critics warn the delay risks deterring fintech innovation, while s

Bitget-RWA2025/11/28 09:32
Swiss Crypto Tax Postponement Highlights Challenges in International Cooperation

Strategic Collaborations Between Public and Private Sectors: Driving Real Estate and Industrial Expansion in Underdeveloped Areas

- Public-private partnerships (PPPs) are transforming underserved regions by bridging infrastructure gaps and driving real estate and industrial growth. - Projects like Madrid Nuevo Norte and Costa Rica's affordable housing initiatives demonstrate PPPs' ability to boost property values and create jobs through mixed-use development and public land utilization. - U.S. data reveals racial disparities in PPP benefits, with communities of color experiencing lower baseline home values despite similar growth rate

Bitget-RWA2025/11/28 09:26
Strategic Collaborations Between Public and Private Sectors: Driving Real Estate and Industrial Expansion in Underdeveloped Areas

ICP's 30% Price Jump: Key Factors and What It Means for Web3 Investors

- ICP surged 30% in late 2025 due to upgraded on-chain governance and tokenomics, enhancing decentralized control and utility-driven demand. - Network Nervous System (NNS) reforms simplified neuron activation, boosted developer participation, and introduced periodic voting reaffirmations. - Caffeine AI integration and partnerships with Microsoft/Google drove TVL to $237B, though dApp usage declined 22.4% amid macroeconomic volatility. - Analysts project $11.15–$31.89 price range for 2026, contingent on sus

Bitget-RWA2025/11/28 09:26
ICP's 30% Price Jump: Key Factors and What It Means for Web3 Investors