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Franklin Templeton, the global asset manager who manages $1.5 trillion, shared his views on Solana (SOL).
The giant company said that beyond Bitcoin (BTC) and Ethereum (ETH), there are other exciting developments that will accelerate the growth of the crypto industry.
Pointing to Solana (SOL) as an example of these developments, Franklin Templeton positioned Solana as a strong candidate for the next cryptocurrency ETF.
Stating that Solana is taking strong steps and constantly improving, the company explained why Solana is an important player in the industry and how it will shape the industry in the future.
Believing that the Solana blockchain is witnessing increased adoption and continues to mature, Franklin Templeton also added that Solana is growing by overcoming its technological hurdles.
“Alongside Bitcoin and Ethereum, there are other exciting and major developments that we believe will move the cryptocurrency industry forward.
“Solana has demonstrated great adoption and continues to mature, tackling technological growth challenges and highlighting the potential of highly efficient, monolithic architectures.”
Considering Franklin Templeton's significant role in the crypto industry, being a $1.5 trillion asset manager with over seventy years of experience and expertise, his statements and support for Solana are a major development for both SOL and the crypto industry.
Experts stated that these statements by Franklin Templeton, who openly acknowledged Solana's contribution to the industry, may be a sign that he will apply for the spot Solana ETF.
VanEck and 21Shares applied for the spot Solana ETF last month. Solana ETF applications are expected to receive final decisions from the SEC in mid-March 2025 at best, according to industry analysts.
*This is not investment advice.