Franklin Templeton Files Solana ETF with SEC
- Franklin Templeton files final SEC paperwork for Solana ETF.
- NYSE Arca to list the new Solana ETF.
- Filing reflects increased interest in Layer 1 asset ETFs.
Franklin Templeton files the final SEC submission for its Solana ETF, set to trade under SOEZ on NYSE Arca, following the successful launch of its XRP ETF earlier this November.
The launch highlights increasing institutional interest in Solana and Layer 1 blockchain tokens, suggesting confidence in further crypto ETF market growth amidst evolving regulatory landscapes.
Franklin Templeton has submitted a final SEC filing for its Solana ETF, marking a significant step forward in cryptocurrency asset management. The ETF will trade under the ticker SOEZ on the NYSE Arca exchange.
Franklin Templeton, a global asset management firm, filed the SEC Form 8-A, finalizing regulatory steps for their Solana ETF launch. This move follows their successful launch of the XRP ETF.
The Solana ETF aims to track the CF Benchmarks Index based on Solana’s price movements, reflecting growing investor interest. Institutional involvement appears strong with the ETF’s listing on a major U.S. exchange.
The management fee is set at 0.19% annually, with a fee waiver on the first $5 billion in assets managed until May 2026, promoting early investment. Recent positive net inflows for Solana show rising interest in blockchain assets.
The ETF’s launch is part of a broader trend in the institutionalization of crypto ETFs, complementing VanEck and Fidelity’s products. It highlights regulatory approval effectiveness and investors’ inclination towards Layer 1 blockchain exposure.
Franklin Templeton’s XRP ETF success sets a precedent, demonstrating strong demand for major crypto ETFs. The Form 8-A filing indicates regulatory approval is anticipated soon, bolstering confidence in crypto’s institutional growth.
Regulatory Updates, SEC Statement, indicated that the Form 8-A submission by Franklin Templeton is the ‘green light’ signaling a smooth approval phase ahead for their Solana ETF.
