Franklin Templeton takes a significant step by registering the “Franklin Solana Trust” in Delaware. This move suggests potential entry into the Solana spot ETF market. Such actions align with increasing interest in cryptocurrency-based investment products. Other firms like Canary Capital and Grayscale have submitted similar applications, enhancing the likelihood of SEC approval for a Solana ETF. Despite this positive move, however, Solana (SOL) prices face downward pressure. Investors remain alert as they navigate market reactions to ETF registrations and broader cryptocurrency trends.