Franklin Templeton Solana ETF Set to Launch on NYSE Arca as SOEZ

TLDR

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NYSE Arca approves Franklin Templeton’s Solana ETF, clearing it to list under the ticker SOEZ.
The fund will track the CF Benchmarks Solana Index with a 0.19% management fee.
Franklin Templeton will waive fees on the first $5B in assets until May 31, 2026.
SOL price recently rebounded from $125 with analysts eyeing a breakout toward $175.

Franklin Templeton has secured final approval to launch its Solana ETF on NYSE Arca, marking a key milestone in the growing wave of institutional interest in digital assets. With the ETF set to trade under the ticker SOEZ, the move comes amid strong investor inflows and renewed momentum in the Solana market. As competition grows among asset managers, all eyes are now on whether SOL is poised for a price recovery.

NYSE Arca Approves Solana ETF Listing

Franklin Templeton has received approval from NYSE Arca to list its new Solana ETF. This marks the last procedural step before the fund begins trading in the US market.

The firm submitted its final Form 8-A with the SEC last week. This form is often seen as the final green light for ETF listings. The Solana ETF will trade under the ticker SOEZ and is a part of the Franklin Solana Trust.

Franklin Templeton now joins a growing list of asset managers with Solana-focused ETFs. The fund is expected to begin trading soon, as ETFs typically launch within days of this filing.

Product Details and Competitive Landscape

The Franklin Solana ETF will be a passive fund. It is designed to track the CF Benchmarks Solana Index. The fund will carry a 0.19% management fee, which is among the lowest in the category.

In a move to attract early investors, Franklin Templeton will waive all fees on the first $5 billion in assets under management until May 31, 2026.

Once launched, the fund will compete with six other Solana ETFs already available to US investors. These include offerings from firms such as Fidelity, Bitwise, VanEck, and Grayscale.

The launch follows the successful listing of Franklin Templeton’s spot XRP ETF, which also trades on NYSE.

Market Activity and Investor Demand

Recent data shows that spot Solana ETFs are attracting investor attention. On November 25, inflows into the asset class totaled $53 million. The Bitwise Solana ETF (BSOL) led with $31 million in inflows, crossing the $500 million AUM milestone.

However, the market has also seen volatility. On the day prior, Solana ETFs faced a net outflow of $13.55 million, largely due to a $32.54 million withdrawal from the 21Shares TSOL fund.

Despite the mixed flows, the continued product development and regulatory approvals signal growing institutional interest in Solana-linked investments.

Price Action and Analyst Expectations

Solana’s price has been under pressure, falling by 30% over the last month amid a broader market downturn. But the asset found support at around $125 and has since shown signs of recovery.

Crypto analyst Captain Faibik recently stated that Solana is forming a multi-trendline breakout pattern. Using Fibonacci projections, he estimates a near-term target of $175.31, representing a potential 25% gain from current levels.

Another analyst, Daan Crypto Trades, reported that Solana is showing early signs of a recovery. He noted increased activity in SOL-based memecoins, which may reflect renewed interest from traders. According to his analysis, a move above $145 could lead Solana to test the $155 resistance zone.