Trillion-dollar asset management firm Franklin Templeton's praise for the Solana network has raised hopes for a potential Solana exchange-traded fund (ETF) in the future. In a social media post on January 16, the company's official account stated that they were impressed by the developments in the Solana ecosystem led by Anatoly Yakovenko.

Franklin Templeton listed decentralized finance (DeFi), infrastructure networks, NFT innovations, and even the growth of memecoins at Solana as highlights. The company joked that it would replace it with a profile picture of Benjamin Franklin wearing a knitted hat, pointing to a new memecoin on Solana called “dogwifhat.”

While Franklin Templeton's digital asset team's praise has mostly been directed at Solana, this has led some users to speculate that the company may launch a Solana ETF product in the future.

Franklin Templeton, who launched Bitcoin ETFs on January 11, is hopeful that other crypto assets such as Ethereum (ETH) and XRP could also be included in US spot crypto ETFs.

While Franklin Templeton shared positive thoughts about the Ethereum ecosystem, he stated that he was excited about developments such as EIP-4844 and restaking. The company said it continues to monitor other layer 1 blockchains and that some of them hold “tremendous potential.”