by Enoch Mwathwa
Franklin Templeton pushed its Solana ETF closer to launch after sending its final filing to the SEC. The move came right after the asset manager enjoyed a strong debut for its XRP ETF on the NYSE. Now, the spotlight shifts to Solana as the firm races ahead in a crowded ETF field.
Franklin Templeton Races Toward a Solana ETF Launch
Franklin Templeton filed Form 8-A with the SEC for its Solana ETF. This form often signals the last step before trading begins. It usually clears the path for an exchange to list a new product the next day. Therefore, the Solana ETF could hit the market soon. The product will trade under the ticker SOEZ on NYSE Arca.
The fund endured a long wait as the SEC pushed back decisions several times this year. Regulators moved the deadline from April to June, then opened formal proceedings that added a 180-day review window. That period ran until September 15. The SEC extended the review again and pushed the date to November 2025. The latest filing now cuts through the delays and gives the green light for listing.
Franklin Templeton will offer a passive Solana fund tied to the CF Benchmarks Index. The structure keeps the ETF simple and cost-friendly. The fee stands at 0.19%, and the firm plans to waive all fees on the first $5 billion in assets until May 31, 2026. They now join 21Shares, which filed the same documents before launching its own Solana ETF.
Will the Solana ETF Repeat the XRP ETF’s Strong Start?
Franklin Templeton showed strong traction with its XRPZ ETF earlier this week. The fund pulled in $62.6 million on its first full day of trading. It then added another $7 million the next day and pushed its two-day total near $70 million. These numbers reflected solid demand from both retail and institutional buyers. XRP spot ETFs have gathered close to $587 million in inflows since their November 13 launch. They have not recorded a single day of outflows.
Solana ETFs also show momentum. Early products posted 21 straight days of inflows. This trend highlights rising confidence in Solana’s long-term growth. The timing of Franklin Templeton’s filing aligns with a rush of new offerings. VanEck launched its VSOL ETF days ago. Fidelity followed with its own Solana product as the market heats up.
Meanwhile, other assets joined the ETF wave. Grayscale rolled out XRP and DOGE ETFs this week. Yet DOGE demand fell short. The fund posted only $1.4 million in first-day volume. Bloomberg’s Eric Balchunas called the number solid for a normal launch, but low for a first spot product. This contrast highlights how Solana and XRP continue to dominate interest.
$GDOG (first Doge ETF) saw $1.4m volume on Day One.. solid for an avg launch but low for a 'first-ever spot' product. Not too surprising tho, we actually made a rhyme a while ago predicting this: 'The further away you get from BTC, the less asset there will be.' pic.twitter.com/ermlOcID1J
— Eric Balchunas (@EricBalchunas) November 25, 2025
Franklin Templeton now sits at the center of a fast-moving sector. Its XRP success built momentum, and its final Solana filing signals confidence in growing demand. With the Form 8-A complete, SOEZ could start trading any moment, and the market waits for another strong debut.
#blockchain #crypto, #decentralized, #distributed, #ledger
