Franklin Templeton Files for Solana ETF With Staking in SEC Proposal

YEREVAN (CoinChapter.com) — Franklin Templeton has filed an application with the U.S. Securities and Exchange Commission (SEC) for a Solana ETF with staking capabilities. This follows the firm’s Solana Trust proposal earlier this month. The ETF filing outlines how Franklin Templeton would manage staking activities while controlling the staking process and rewards.

According to the filing, Franklin Templeton plans to use trusted staking providers, which may include its affiliates. The staking rewards earned through this process would be classified as income. Unlike decentralized staking, this method ensures centralized management of assets.

Franklin Templeton’s Solana ETF Filing Details

The SEC filing states,

“The Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers, which may include an affiliate of the Sponsor (‘Staking Providers’). In consideration for any staking activity in which the Fund may engage, the Fund would receive certain staking rewards of Solana tokens, which may be treated as income.”

This Solana ETF proposal builds on earlier attempts by firms to introduce Ethereum staking ETFs, which were later withdrawn. Franklin Templeton’s ETF structure ensures all staking activities remain under centralized control, providing a defined framework for staking rewards and fund management.

SEC’s Crypto Task Force Reviews Staking Regulations

Several staking ETF proposals were withdrawn in 2024 due to regulatory concerns. However, in 2025, the SEC’s Crypto Task Force has engaged with industry leaders regarding ETP staking. These discussions have focused on staking mechanisms, but no official decision has been made regarding staking ETFs.

The SEC’s recent meetings signal a shift in regulatory discussions. Hester Peirce, who leads the Task Force, has requested further input from the industry on staking regulations.

In her statement, “There Must Be Some Way Out of Here,” she stressed the need for industry engagement to bring clarity to crypto regulations. The SEC is reviewing how staking tokens, liquid staking derivatives, and other crypto assets should be classified under existing laws.

The Task Force is assessing whether some crypto assets, including stablecoins, NFTs, and wrapped tokens, should fall outside SEC oversight. It is also examining how public token offerings should be regulated and whether adjustments in disclosure requirements could lower compliance costs. Another area of focus is Safe Harbor Rule 195, which Peirce previously proposed as a time-limited exemption for blockchain projects to develop before facing full SEC regulations.

Regulatory oversight of secondary market trading and custodial services is also under discussion. The SEC is looking at the impact of staking on investment companies and whether changes are needed to existing rules. Peirce emphasized that early industry feedback will help shape regulatory decisions, while the SEC continues its work on fraud prevention in crypto markets.

Solana (SOL) Faces Market Challenges Amid ETF Filing

Solana’s price has faced volatility in recent weeks. The SOL token has experienced fluctuations, with no major indicators of short-term recovery. Solana’s price has fallen to $171.38, showing continued weakness on TradingView. The SOL/USD chart highlights a steady decline, with the token failing to reclaim $180. Trading volume stands at 14.55K, but there is little indication of strong buying activity.

The proposed Solana ETF with staking could impact market interest, but its approval remains uncertain.

The post Franklin Templeton Files for Solana ETF With Staking in SEC Proposal appeared first on Coinchapter.
%%featured_image%%