Franklin Templeton Advances Solana ETF After $70M XRP Debut Gains
Franklin Templeton has made a big move towards getting its Solana exchange-traded fund off the ground by filing a Form 8...
Quick overview
- Franklin Templeton has filed a Form 8-A with the SEC, signaling the imminent launch of its Solana ETF under the ticker SOEZ on NYSE Arca.
- The Solana ETF will be a passive fund tracking the CF Benchmarks Solana Index, with a competitive management fee of 0.19% and waived fees for the first $5 billion in assets until May 2026.
- The firm's recent success with its XRP ETF, which attracted nearly $70 million in inflows within two days, has bolstered confidence in its Solana product.
- Increased institutional interest in Solana is evident, with other players like 21Shares, Van Eck, and Fidelity also launching their own Solana ETFs.
Franklin Templeton has made a big move towards getting its Solana exchange-traded fund off the ground by filing a Form 8-A with the Securities and Exchange Commission, which marks the final procedural hurdle before an ETF can actually start trading. Following the industry’s usual approach, this is a clear sign that the Solana ETF (set to list under the symbol SOEZ on NYSE Arca) is just a stone’s throw from its debut.
The filing comes hot on the heels of the firm’s successful launch of its XRP ETF, which is just one more piece in the jigsaw of Franklin Templeton’s rapid drive into digital-asset products. And – if you want to get a bit back in history – 2024 was going to be a holdup for the Solana ETF, given that regulators kept prolonging review periods.
Initially, the decision deadline was pencilled in for April, then it got shifted to June, and then Franklin Templeton had to wait out a 180-day review. Then, just as things were getting moving, that review was extended again, and they ended up waiting until November 2025 for a definitive decision. But now this 8-A filing has got people thinking this is basically the final green light.
🚨 Franklin Templeton ($1.66T AUM) just filed Form 8-A for its Solana ETF, suggesting trading could start soon. pic.twitter.com/JotUzc3euI
— The Solana Post (@thesolanapost) November 25, 2025
ETF Details, Fees, & Other Players Entering the Fray
Franklin Templeton’s Solana product will be a passive fund that tracks the CF Benchmarks Solana Index, not an actively managed fund that selects which assets to include. And the firm is pricing this product pretty aggressively at 0.19%, plus there’s a plan to waive fees for the first $5 billion in assets until the end of May 2026, essentially putting Franklin Templeton firmly in the running to grab a significant share of the market.
We’re also seeing other players sniffing around, looking to get a piece of the Solana action in the hopes it will keep growing in popularity with institutions. And now that Franklin Templeton is on board – listing its product under the ticker SOEZ on New York Arca – you can add them to the list alongside other issuers such as 21Shares, which has filed to list its own Solana ETF.
Some key details about the product are:
- It’s a passive ETF that tracks the CF Benchmarks Solana Index.
- 0.19% management fee.
- No management fees for the first $5 billion in assets until May 31st, 2026.
- Listing on the NYSE Arca under ticker SOEZ
Franklin Templeton Sees the XRP ETF as a Benchmark For Performance
The encouraging performance of Franklin Templeton’s initial XRP product has given the firm a bit of a springboard. After its first full trading day, the product attracted not-too-shabby $62.6 million in inflows, and the next day it pulled in an additional $7 million, bringing the two-day total to nearly $70 million. That’s not the only area where XRP products are showing serious traction either: spot ETFs for XRP have attracted around $587 million since they started trading on November 13th. And there hasn’t been a single day of outflows since the launch.
🚨 JUST IN: $1.67 TRILLION AUM FRANKLIN TEMPLETON @FTI_US SOLANA $SOL ETF IS COMING VERY SOON AS FORM 8-A IS FILED WITH THE SEC!#SOLANA ⚡️ pic.twitter.com/sCinD1mwfg
— curb.sol (@CryptoCurb) November 25, 2025
Solana-linked products have also seen a strong level of interest – some $62 million has been poured into these funds over the course of 21 consecutive trading days. As for the broader ETF market, you’ll have noticed a lot of activity: Grayscale has been making waves with its own XRP and DOGE products. However, it didn’t exactly break any records with its DOGE launch – that managed a relatively modest $1.4 million in first-day trading.
But the competition is getting pretty fierce now. Van Ecks’s VSOL and Fidelity’s Solana ETF have both launched in recent weeks. This is clear evidence that institutional interest in Solana is picking up.
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