Franklin Templeton, a global asset management giant controlling $1.64 trillion, has recently endorsed Solana (SOL), igniting speculation about a potential spot Solana exchange-traded fund (ETF).

Yesterday, Franklin Templeton’s Ethereum ETF debuted, attracting $13.2 million in initial inflows. Additionally, its Bitcoin ETF holds assets exceeding $450 million.

Will Franklin Templeton File For a Solana ETF?

The firm’s spotlight on Solana signals a strategic diversification beyond Bitcoin and Ethereum.

“Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward. Solana has shown major adoption and continues to mature, overcoming technological growing pains and highlighting the potential of high-throughput, monolithic architectures,” Franklin Templeton stated.

Read more: Solana ETF Explained: What It Is and How It Works

This positive outlook has fueled speculation about a forthcoming Solana ETF. Community members believe that Franklin Templeton might be the next to file for a spot Solana ETF, after VanEck and 21Shares.

Nate Geraci, President of the ETF Store, corroborates this sentiment, predicting that Solana ETF is next.

Moreover, he also predicted the imminent launch of an ETF that would bundle Bitcoin, Ethereum, and Solana. Geraci’s forecasts are notably reliable, given his history of accurately anticipating crypto ETF trends.

Furthermore, these discussions suggest a shift towards a broader investment palette, merging traditional and digital asset investment strategies. Matt Hougan, CIO at Bitwise, further supports this view.

“Long term, as we look into 2025, we will enter an ETF era of crypto. We are going to see ETFs on multiple crypto assets, we are going to see index-based ETFs” Hougan remarked, noting existing filings for Solana-based ETFs.

Adding to these developments, the Chicago Board Options Exchange (CBOE) recently submitted form 19b-4s for Solana ETFs to the US Securities and Exchange Commission (SEC). This submission initiates a rule change proposal, inviting public commentary and setting a decision timeline that extends into 2025.

Political outcomes could also impact the approval probabilities of these ETFs.

“Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most important date is in November. If Trump wins, anything is possible,” ETF analyst Eric Balchunas said.

Read more: How to Invest in Ethereum ETFs?

While some industry leaders view the Solana ETF filing with skepticism, others advocate for its viability. Nic, CEO of CoinBureau, cited the absence of a CME futures market, which the SEC typically requires. In contrast, Matthew Sigel from VanEck’s digital asset team argues that such a market is not essential for approval.