Franklin Templeton Nears Launch of Its Solana ETF After Final SEC Filing

Franklin Templeton is moving closer to launching its highly anticipated Solana ETF after submitting its final Form 8-A filing to the U.S. SEC—a key step that typically signals a product is ready for market debut. Exchanges often begin trading shortly after this form is approved, suggesting that Franklin Templeton’s Solana ETF could go live very soon. The timing comes just after the firm successfully launched its XRP ETF on the NYSE earlier this week.

The upcoming Solana ETF, set to trade under the ticker SOEZ on NYSE Arca, has faced several regulatory delays throughout the year. The SEC pushed decision deadlines from April to June, then initiated a 180-day review period ending September 15, before extending the process again until November 2025. With the Form 8-A now filed—frequently called the industry’s “green light” form—the administrative hurdles are essentially cleared.

Franklin Templeton’s Solana ETF will operate as a passive product tracking the CF Benchmarks Solana Index, meaning it will not actively manage holdings. The fund will charge a 0.19% fee, but the firm plans to waive fees on the first $5 billion in assets through May 31, 2026, offering an attractive incentive to early investors. The asset manager joins 21Shares, which also submitted similar SEC paperwork for its own Solana ETF and has already launched the product.

Interest in crypto ETFs has been surging, fueled in part by Franklin Templeton’s recent success with its XRPZ ETF. The XRP fund brought in $62.6 million on its first full trading day and added another $7 million the following day, pushing its two-day inflow total to nearly $70 million. Across the market, XRP spot ETFs have accumulated about $587 million in inflows since launching on November 13, without a single day of outflows. Solana ETFs have shown similar momentum, recording 21 straight days of net inflows.

This wave of activity comes during a busy week for digital asset funds. Grayscale launched new XRP and DOGE ETFs, though DOGE demand started weaker, with just $1.4 million in first-day trading volume. Meanwhile, Solana ETF competition is heating up as VanEck introduced its VSOL fund and Fidelity entered the market days later—adding to growing excitement around Solana-based investment products.