Franklin Templeton Advances Solana ETF Following XRP Fund Launch
- Franklin Templeton submitted a Form 8-A to the SEC for its Solana ETF, expected to trade under the ticker SOEZ on NYSE Arca.
- The firm’s XRP ETF launched successfully, attracting $62.6 million in inflows on its first trading day.
- The Solana ETF will have a management fee of just 0.19%, with fees waived for the first $5 billion in assets until May 31, 2026.
- Regulatory reviews for the Solana fund faced multiple extensions, with the latest deadline set for November 2025.
- XRP spot ETFs have accumulated nearly $587 million since their launch without any recorded outflows.
Franklin Templeton’s move to launch a Solana ETF follows strong demand trends observed from its XRP product, indicating potential investor interest in cryptocurrency funds. The successful debut of the XRP ETF may serve as a positive indicator for the upcoming Solana offering.
With close to $70 million raised in just two days from the XRP ETF, Franklin Templeton’s new fund could see similar enthusiasm among investors.(Source)
