Here’s what happened in crypto today

Today in crypto, Bitcoin bull Cathie Wood said Bitcoin may reach $1.5 million a coin by 2030 in an interview for ARK Invest’s latest report, Franklin Templeton has filed for a “Franklin Solana Trust” in Delaware in what could be the first hint at a spot Solana fund, and the US securities regulator wants more time to resolve lawsuits against crypto firms, saying its Crypto Task Force could shift its legal strategy.Bitcoin price could reach $1.5 million by 2030 — Cathie WoodBitcoin’s chances of reaching $1.5 million are improving as institutional investors increase their exposure to digital assets, according to ARK Invest CEO Cathie Wood.Bitcoin has been trading under the key $100,000 level since Feb. 4, after investor sentiment was pressured by global trade war concerns following new import tariffs announced by the US and China.Despite the temporary market slump, Bitcoin’s odds of surpassing $1.5 million a coin have increased, according to Wood. “Many people know us for our [Bitcoin] bull case, $1.5 million,” said Wood during a video published on Feb. 11, adding:“We actually think the odds have gone up that our bull case will be the right number, because of what is becoming the institutionalization of this new asset class.”“Many institutional investors are now looking at Bitcoin and thinking they need to add it to their asset allocation because its return and risk profile looks so much different than all the other assets in their portfolios,” Wood added.A potential rally to $1.5 million would assume that Bitcoin realizes an average compound annual growth rate (CAGR) of 58% during the next five years.Franklin Templeton lines up for Solana ETF with Delaware trustAsset manager Franklin Templeton on Feb. 10 registered a trust in Delaware called the “Franklin Solana Trust” — a sign it could soon look to launch a spot Solana (SOL) exchange-traded fund (ETF) in the US.A filing to Delaware’s corporate regulator shows the CSC Delaware Trust Company formed the trust, a firm that has registered crypto trust products for other asset managers like Bitwise.Franklin will need to file what’s known as a Form 19b-4 and a Form S-1 for the proposed ETF with the Securities and Exchange Commission before it launches for trading.If it does, it’ll join Grayscale, Bitwise, VanEck, 21Shares and Canary Capital in vying for a spot SOL fund to track what is currently the fifth-largest cryptocurrency by value.SEC invokes crypto task force to request delay in enforcement casesThe US Securities and Exchange Commission requested more time to respond to a motion to dismiss one of the agency’s crypto enforcement cases, citing how its recently created crypto task force could affect its approach in court. In a Feb. 10 filing in the US District Court for the Northern District of Illinois, the SEC requested a judge push its deadline to respond to Cumberland DRW’s motion to dismiss from Feb. 19 to March 21. According to the financial regulator, its crypto task force “may affect and could facilitate the potential resolution of [the] case.”“[...] the SEC believes that an enlargement of time is appropriate and will allow the parties to explore a potential resolution of this matter while conserving judicial resources,” said the commission.