With the crypto market seeking to Solana as the subsequent crypto-based ETF, $1.5 trillion asset supervisor Franklin Templeton has lately praised SOL’s affect and potential. In a submit to X (previously Twitter), the agency stated the token adopted Bitcoin and Ethereum as having the most important potential within the crypto market.
The assertion informs the agency’s expectation that Solana might be subsequent for an ETF within the US. Franklin Templeton has issued each a Spot Bitcoin and Spot Ethereum ETF in 2024. Furthermore, it’s anticipated to be on the forefront of no matter crypto-based exchange-traded merchandise come up.
Franklin Templeton Praises Solana, Hints at Incoming SOL ETF
2024 has solidified the place of Bitcoin and Ethereum in crypto. The 2 property have each featured closely, driving institutional funding curiosity and participation. But, with their ETFs launching simply six months aside, the market is keen for which crypto might be subsequent.
Many are pointing to Solana, together with $1.5 trillion asset supervisor Franklin Templeton, who has praised SOL’s affect and potential. In a latest submit, it mentioned the asset in glowing phrases. Furthermore, it solidified its place among the many high three property in the marketplace.
“Beside Bitcoin and Ethereum, there are different thrilling and main developments that we imagine will drive the crypto area ahead,” the agency stated. “Solana has proven main adoption and continues to mature, overcoming technological rising pains and highlighting the potential of high-throughput, monolithic structure.”
The asset supervisor isn’t alone of their considering relating to Solana. Earlier this 12 months, GSR Markets launched a report highlighting Solana’s place in “Cryptos’ Huge Three.” Additionally they state that SOL leads all different tokens in decentralization and demand.
Moreover, Bloomberg’s Eric Balchunas famous that Solana was more likely to be subsequent in line for an ETF.” A well-respected ETF insider, Balchuans believes SOL would be the third in what might be many. “Its most likely by no means going to finish,” Balchunas stated. “The dam has damaged.”
