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- Franklin Templeton will soon offer its Solana ETF in the U.S., having filed a Form 8‑A with the SEC.
- This development arrives just after Franklin Templeton successfully rolled out its XRP ETF.
Franklin Templeton has filed a Form 8‑A with the U.S. Securities and Exchange Commission (SEC), effectively registering shares of its proposed fund ahead of listing. The Form 8‑A filing represents one of the last administrative hurdles before the ETF can list, and many analysts expect trading could start within days, provided there are no last-minute objections or delays. This is after the SEC repeatedly extended its review periods from April to June, and later pushed them into November.
According to the filing, the proposed fund will trade on NYSE Arca under the ticker SOEZ, and will be a “spot” Solana ETF. That means it aims to hold actual SOL tokens “physical SOL in custody”, rather than derivatives or futures contracts. The ETF will track the CF Benchmarks Solana Index, a regulated price index aggregating SOL prices across multiple exchanges.
Management fees are expected to be competitive at 0.19%, with a fee waiver for the first US$5 billion in assets under management until May 2026. The filing reportedly follows an amended S‑1, which was earlier submitted on November 21, and laid out the fund’s structure, custody arrangements, and risk disclosures.
Growth of the Solana ETF Market
Franklin Templeton’s entry into the Solana ETF market puts it in direct competition with established players like Fidelity, Bitwise, VanEck, and Grayscale. They are joined by 21Shares, which recently launched its own Solana ETF under the ticker TSOL on the Chicago Board Options Exchange.
VanEck introduced its VSOL Solana ETF just days earlier, followed shortly by Fidelity, highlighting the growing momentum behind Solana-focused investment products. As previously reported, Fidelity’s ETF, trading under the ticker FSOL, attracted $2.07 million in inflows on its debut day.
The debut of Franklin Templeton’s XRP ETF on November 13 has boosted optimism for its SOL ETF, with XRP spot ETFs drawing nearly $587 million in total assets.
Meanwhile, the Solana ecosystem is seeing other developments. Wormhole Labs recently launched Sunrise DeFi, a platform that will speed up the integration of cross-chain tokens into Solana. Solana’s price has seen a slight pullback, dropping 1.77% over the past week to $137, while its trading volume has declined by 10% to $4 billion.
