Solana has been in the spotlight since traders anticipated Spot Ethereum ETF approval and when the Securities & Exchange Commission (SEC) gave a green flag to the investment product.
Solana is considered a close competitor to Ether, the native token of the smart contract network. With its relevance among traders, the market eyes Solana as the asset that is likely to receive SEC approval for a Spot ETF. The speculation is fueled by asset manager Franklin Templeton’s recent cryptic tweet on X.
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