Franklin Templeton, one of the companies for which the SEC accepted the spot Bitcoin ETF application, shared about Ethereum and Solana.
Franklin Templeton research team, in its post on the X account, first stated that cryptocurrencies are speculative in nature.
Stating that being speculative is not a coincidence, the team stated that this is a fundamental feature of the crypto market.
“Speculation in cryptocurrencies is a feature, not a bug.”
Continuing their statement, the Franklin Templeton team also made a statement about the Solana blockchain, praising the vision of SOL founder Anatoly Yakovenko and stating that they watched Solana's progress with admiration.
“We are impressed with all the activity seen in Solana in Q4 2023,” the team said. said.
Fempleton also shared his thoughts on Ethereum amid growing excitement over the approval of a spot Ethereum ETF.
“We are excited about Ethereum and its ecosystem.
“Despite the recent midlife crisis, we see a bright future with many strong tailwinds that will move the Ethereum ecosystem forward.”
We are excited about ETH and its ecosystem. Despite the midlife crisis it's recently experienced, we see a bright future with many strong tailwinds to push the Ethereum ecosystem forward
-EIP 4844
-Alt DA
-Community Revitalization
-Restaking— Franklin Templeton (@FTI_US) January 17, 2024
Franklin Templeton's positive evaluations about Ethereum and Solana were interpreted in the cryptocurrency community as the company may consider launching a Solana ETF product in the near future.
At this point, a user named “Lex”, who stands out as a Bitcoin supporter, argued in his post that a Solana-based ETF could only be a matter of time.
After the SEC's approval of the spot Bitcoin ETF, many analysts think that the approval of the spot Ethereum ETF is next.
As it is known, spot Ethereum ETF applications are currently before the SEC and awaiting approval.
Franklin Templeton has not yet filed for a spot ETH ETF.
Other L1s outside of BTC, ETH, SOL have massive potential, and we are continuing to support, monitor, and develop on these networks as they grow and mature
— Franklin Templeton (@FTI_US) January 17, 2024
*This is not investment advice.
