Franklin Templeton Registers Solana Trust in Delaware

According to Odaily, asset management firm Franklin Templeton has registered a trust in Delaware linked to a proposed Solana spot ETF, indicating potential plans to launch the fund in the United States. Documents submitted to Delaware's corporate regulators reveal that the "Franklin Solana Trust" was established on February 10 by CSC Delaware Trust Company, which has also registered crypto trust products for other asset management firms like Bitwise. To compete with Grayscale, Bitwise, VanEck, 21Shares, and Canary Capital in the Solana ETF market, Franklin Templeton must submit a 19b-4 form and an S-1 form to the U.S. Securities and Exchange Commission (SEC).