The U.S. Securities and Exchange Commission (SEC) has finalized its review of Franklin Templeton’s proposed blockchain-focused exchange-traded fund (ETF), which includes exposure to digital assets Solana and XRP. This step signals a potential shift in regulatory receptiveness toward integrating cryptocurrencies into traditional financial frameworks.
The ETF aims to allocate at least 80% of its assets to companies deeply engaged in blockchain technology, including those holding digital assets like Solana and XRP. By offering regulated exposure to blockchain innovations without requiring direct cryptocurrency ownership, the fund could attract a broader investor base seeking simplified access to the sector.
The SEC’s engagement reflects a growing trend of incorporating decentralized technologies into mainstream finance, acknowledging blockchain’s potential beyond speculative trading. Approval could accelerate institutional investment in blockchain firms, driving capital inflows and innovation across the industry.