Investment manager Franklin Templeton has made significant progress with his Solana (SOL) exchange-traded fund (ETF) proposal, aiming to expand the cryptocurrency’s presence in the U.S. stock market.
Franklin Templeton has filed a Form 8-A with the Securities and Exchange Commission (SEC). This is the step in which you formally declare your intention to list your product on a national stock exchange, in this case the New York Stock Exchange.
This process follows the delivery of a revised Form S-1 detailing the operating structure and features of the Franklin Templeton Solana ETF and confirming that the product meets the necessary criteria for listing. The fund trades under the symbol SOEZ.
franklin templeton products It is designed as a passive fund that aims to replicate the performance of a CF benchmark index.. The company has announced an annual management fee of 0.19%. Additionally, to attract seed capital, the company is waiving fees on the first $5 billion in assets under management until May 31, 2026.
The market listing of Franklin Templeton’s Solana ETF further expands the range of crypto-based investment products. As reported by CriptoNoticias, there are already six Solana ETFs in the US market managed by prominent companies including Bitwise, Grayscale, 21Shares, Fidelity, VanEck, and Canary Capital.
These products attracted investor interest, with total net inflows of $613 million and total transactions amounting to $50 million.
The Solana ETF recorded its 21st consecutive day of capital inflows yesterday, November 26th. First net outflow, $8 million withdrawal.
Potential approval of Franklin Templeton’s fund would strengthen the institutional offer around SOL digital assets. The SEC is considering Franklin Templeton’s proposal as demand for regulated investment vehicles for digital assets grows. This approval could set a precedent for expanding institutional adoption of Solana and other digital assets beyond Bitcoin.
