TLDR
- Franklin Templeton submits Form 8-A filing for its Solana ETF after XRP debut.
- Solana ETF could launch soon, trading under the ticker SOEZ on NYSE Arca.
- Franklin Templeton’s Solana ETF follows the success of its XRP ETF on the NYSE.
- Solana ETF fee set at 0.19%, with waived fees for assets up to $5 billion.
Franklin Templeton is one step closer to launching its Solana ETF, following the recent success of its XRP ETF. The asset manager has submitted the final SEC filing, paving the way for the fund to hit the market soon. The move signals growing institutional interest in cryptocurrency-based ETFs, with the Solana ETF expected to track the performance of the blockchain asset and offer investors a low-cost way to gain exposure.
Franklin Templeton Submits Final SEC Filing for Solana ETF Following XRP ETF Success
Franklin Templeton has officially submitted its final filing to the U.S. Securities and Exchange Commission (SEC) for its long-awaited Solana Exchange-Traded Fund (ETF). This submission follows the firm’s successful launch of the XRP ETF earlier this week.
The filing, known as Form 8-A, is often considered the final step in the process before an ETF becomes available on the market. As a result, investors are anticipating the launch of Franklin Templeton’s Solana ETF, which could be available for trading soon.
The Solana ETF is expected to trade under the ticker SOEZ on NYSE Arca, bringing the popular blockchain asset closer to institutional investment. The firm’s move to file the 8-A comes after several delays throughout 2025, with the SEC extending its review periods multiple times. The latest review extension lasted until November 2025, but this recent filing is the final procedural step before the fund can begin trading.
Solana ETF to Track the CF Benchmarks Index
Franklin Templeton’s Solana ETF will be a passive fund that aims to track the performance of Solana using the CF Benchmarks Index. Passive funds generally aim to match the performance of an underlying asset or index, rather than attempting to outperform it. This means the Solana ETF will not actively manage its investments, making it a low-cost option for investors looking to gain exposure to the Solana blockchain.
The fund will charge a fee of 0.19%, which is competitive within the ETF industry. Additionally, Franklin Templeton has pledged to waive fees on the first $5 billion in assets until May 31, 2026. This waiver could make the fund more attractive to large investors seeking to capitalize on the growth of Solana while keeping costs low.
XRP ETF Success Sets Positive Tone for Solana Launch
The success of Franklin Templeton’s XRP ETF has generated positive momentum for its Solana product. The XRP ETF, which launched on November 13, has seen significant demand, attracting $62.6 million in inflows on its first full day of trading. Over the following days, the fund’s inflows continued to grow, reaching nearly $70 million within two days. This strong performance suggests that investors are interested in crypto-based ETFs, providing optimism for the upcoming Solana ETF launch.
While the Solana ETF faces competition from other recent Solana ETF launches, including those from VanEck and Fidelity, Franklin Templeton’s market presence and track record with XRP may help it gain traction. With the increasing popularity of Solana as a blockchain network, the fund is poised to benefit from growing interest in altcoins.
Solana ETF Joins Growing Trend of Crypto-based ETFs
The recent surge in cryptocurrency ETFs reflects growing institutional interest in digital assets. As the crypto market matures, traditional asset managers like Franklin Templeton are increasingly launching products designed to make digital assets more accessible to a wider range of investors.
In addition to the XRP and Solana ETFs, other major asset managers such as Grayscale and 21Shares have also launched their own crypto ETFs in recent weeks. As the market for digital assets continues to evolve, these products offer a new avenue for institutional investors looking to gain exposure to the rapidly growing blockchain space.
Franklin Templeton’s submission for its Solana ETF signals that the firm is prepared to meet demand for crypto exposure, following the positive reception of its XRP ETF. The Solana ETF could help drive further interest in the cryptocurrency, especially as it approaches its launch.
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