The trillion-dollar asset manager heaped praise for the Solana network in an X post, leading enthusiasts to hope a spot Solana ETF may eventually be on the cards.

Trillion-dollar asset management firm Franklin Templeton’s recent praise for the Solana network on X (Twitter) has sparked new hope for a potential Solana exchange-traded fund (ETF) in the distant future.

In a Jan. 16 social media post, the asset manager’s official X account — which was temporarily manned by the firm’s digital asset team — said it was “impressed” by numerous developments in the Solana ecosystem under Anatoly Yakovenko’s leadership.

“We see Anatoly’s vision of a single atomic state machine as a powerful use case of decentralized blockchains, lowering information asymmetry,” Franklin said on Jan. 17.

The firm listed the growth in decentralized finance (DeFi), infrastructure networks, nonfungible token innovations, and even memecoins among Solana’s most notable developments in the last quarter alone.

The firm even went as far as making a joke about changing its current laser-eye emblazoned profile picture on X to one where Benjamin Franklin would sport a knitted hat, referencing a new memecoin on Solana “dogwifhat.”

While the asset manager also referenced the Ethereum network, Bitcoin Ordinals, BTC-based Layer-2s, and “other L1s,” but most of the praise from Franklin Templeton’s digital assets team appeared directed at Solana.

The Solana-skewed praise caused many users on Crypto X to hope Franklin Templeton may look to issue a Solana ETF product in the future.

“Ok guys. Solana ETF is next,” wrote pseudonymous X user nxxn.

Meanwhile, a post from Bitcoin advocate “Lex” hinted that a Solana-based ETF may only be a matter of time.

Source - Coin Telegraph