Franklin Templeton Files Final Paperwork As Solana ETF Nears Market Debut

Franklin Templeton moves close to launching its Solana ETF as the final filing signals fast approval and early market readiness.

Solana ETF demand grows as more issuers enter the market and new filings push the product toward active competition.

XRP ETF inflows show strong investor interest and this trend may support rising expectations for new Solana ETF entries.

Franklin Templeton is set to introduce its Solana ETF after submitting its final filing to the U.S. SEC. The Form 8-A places the asset manager one step away from listing the product on NYSE Arca. The filing usually signals that trading may begin soon. This move follows the successful debut of Franklin’s XRP ETF earlier this week on the same exchange.

The Solana ETF will trade under the ticker SOEZ. The product faced several delays this year as regulators extended review windows multiple times. The SEC shifted deadlines from April to June and later opened formal proceedings. That action triggered a 180-day evaluation period that stretched to September 15. The agency then pushed the timeline again into November 2025. The new filing now marks the final administrative requirement.

Details of the Solana ETF Structure

Franklin Templeton plans to offer a passive Solana fund that tracks the CF Benchmarks Index. This structure keeps the fund from active portfolio adjustments. The management fee stands at 0.19 percent. However, the firm will waive fees on the first $5 billion in assets until May 31, 2026. This approach aims to attract early interest as demand grows for crypto-linked products.

Other issuers have also advanced similar plans. 21Shares completed the same filing before launching its Solana ETF. VanEck and Fidelity added new Solana products in recent weeks as activity increased across the ETF market. The Form 8-A step is widely viewed in the industry as the final green light before trading begins.

Market Context and XRP ETF Performance

Franklin’s progress comes during heightened activity in the crypto ETF landscape. The firm’s recent XRP product gained strong traction during its early sessions. It drew $62.6 million in inflows on its first full trading day. It added another $7 million on the next day. Its two-day inflow total neared $70 million.

XRP spot ETFs have seen sustained demand since their November 13 launch. Combined inflows have reached $587 million without a single day of outflows. Solana funds have recorded similar patterns. Recent data shows 21 straight days of net inflows across existing Solana products.

More issuers continue to push new offerings. Grayscale introduced XRP and DOGE ETFs this week. However, demand for the DOGE fund opened at modest levels with $1.4 million in first-day volume. The steady rollout of new Solana products shows increasing competition as the market expands.