Key Insights:
- Franklin Templeton to offer the lowest fees for Solana ETF among other issuers in the space.
- Solana price traded near the flatline despite the ETF optimism.
- SOL ETF has recorded an inflow of $621 million since launch, with Bitwise’s BSOL contributing the most.
The Solana ETF has continued to witness steady fund flows since its launch, with Franklin Templeton pushing to enter the space. Notably, in a recent filing with the US SEC, the leading institution has revealed key details on the Solana ETF.
In addition, the ETF is expected to launch today, which has caught the eyes of traders. The fresh detail in its regulatory filing also confirms its push to capture early demand for institutional Solana exposure.
With industry competition heating up and investor interest shifting beyond Bitcoin and Ethereum, the launch marks an important step in the race. In addition, the altcoin ETF market is also heating up, as evidenced by the latest launch of XRP and Dogecoin ETFs in the US.
So, here we take a quick look at the recent details revealed by Franklin Templeton and see where Solana price might be heading in the near future.
Franklin Templeton Solana ETF: Details
The latest prospectus of Franklin Templeton outlines a fee plan to attract significant inflows from day one. According to the filing, the firm will charge a management fee of 0.19%, which undercuts all competing Solana spot ETF in the US market.
The price move signals a clear strategy of offering the lowest barrier to entry for institutions and retail investors seeking direct Solana exposure through a regulated vehicle.
Meanwhile, the company also revealed that it will waive all fees on the first $5 billion in assets under management. This decision is likely to accelerate early adoption.
Meanwhile, this approach mirrors the aggressive fee tactics used during the rollout of US spot Bitcoin ETFs, a period that saw billions flood into the new products within weeks. Franklin Templeton appears to be betting that a similar situation will play out for Solana, which has recently grown into one of the fastest-rising ecosystems in the crypto sector.
The decision to focus on fees appears to be intentional. Solana continues to gain traction among developers and users due to its high throughput, low transaction costs, and expanding DeFi and meme-coin activity.
In addition, the Solana ETF has continued to witness strong inflows since launch, indicating robust interest from the top players in the space. Meanwhile, it’s worth noting that the Franklin Templeton Solana ETF is expected to debut today.
What’s Next for Solana Price?
Despite the soaring optimism over the Solana ETF launch by Franklin Templeton, SOL price traded near the flatline at $136. The trading volume of the crypto fell over 13% to $4.5 billion, indicating muted trading activity in the market.
Notably, the SOL price lost nearly 2% over the week, while the monthly chart showed a loss of 32%. These massive losses came despite robust inflows into the Solana ETF, which many analysts have cited to the broader crypto market selloff.
The US Spot Solana ETF has recorded a combined inflow of $621 million through November 25. Over the past two sessions this week, the investment instrument has recorded an inflow of $111 million, with BitWise’s BSOL contributing the most.
Amid this, analyst Ali Martinez said that SOL price must break through the $142 resistance to continue its upward run ahead. He noted that around 13 million coins were accumulated in this region, making it one of the major resistances for Solana price.
On the flip side, if SOL price loses the $120 support, a looming crash to $70 awaits, Martinez noted.
Having said that, the investors are keeping close track of the Solana ETF fund flows and how the institutional bets can impact the SOL price ahead.