Government shutdown puts potential Solana ETF approval timeline in uncertainty
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
Approval Anticipation: Major Wall Street firms are expecting approval to launch exchange-traded funds (ETFs) investing in solana, a lesser-known cryptocurrency, but a partial U.S. government shutdown has delayed the process.
SEC Decision Deadline: The Securities and Exchange Commission has a deadline to decide on ETF applications from firms like Fidelity, Franklin Templeton, and Invesco, which could signify a significant step towards the mainstream acceptance of digital assets.
Analyst Views on BEN
Wall Street analysts forecast BEN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEN is 23.83 USD with a low forecast of 21.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
1 Hold
4 Sell
Moderate Sell
Current: 25.470
Low
21.00
Averages
23.83
High
31.00
Current: 25.470
Low
21.00
Averages
23.83
High
31.00
About BEN
Franklin Resources, Inc. is a global investment management company with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Through its specialist investment managers, the Company offers specialization on a global scale, bringing capabilities in equity, fixed income, alternatives and multi-asset solutions. It provides its investment management and related services to retail, institutional and high-net-worth investors in jurisdictions worldwide. Its investment products include its sponsored funds, as well as institutional and high-net-worth separate accounts, retail separately managed account programs, sub-advised products, and other investment vehicles. Its funds include registered funds (including exchange-traded funds) and unregistered funds. It offers its services and products under its various distinct brand names, including, but not limited to, Alcentra, Benefit Street Partners, Brandywine Global Investment Management, Canvas, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
