Franklin Templeton is set to introduce its Solana ETF fund after it submitted its final filing to the SEC. The announcement comes just after a full successful debut of its XRP ETF fund on Monday on the NYSE platform.
Franklin Templeton Moves Closer to Solana ETF Launch
The asset manager has submitted a Form 8-A to the U.S. SEC for its planned Solana fund. This usually comes before a product hits the market. Normally, exchanges start trading such securities on the first day following the approval of the form. Therefore, Franklin’s Solana product is likely to be ready very soon.
This move comes after Franklin Templeton had the successful launch of its XRP ETF on Monday.
The Solana ETF will trade under the ticker SOEZ on NYSE Arca. The fund previously faced some setbacks as the SEC extended its review window many times throughout this year.
Regulators moved the deadline of the decision from April to June. They then started formal proceedings that set off a 180-day evaluation period until September 15. That review was once more extended until November 2025.
The Form 8-A filing now represents the last step of the administrative process of listing the fund. The 8-A is known in the ETF industry as the “green light” form.
Franklin Templeton will offer a passive fund that tracks Solana using the CF Benchmarks Index. This means the fund will not actively manage its investments. The fee for this fund is 0.19%. Also, the firm will waive fees on the first $5 billion in assets until May 31, 2026.
They joined 21Shares, which also launched its own Solana ETF after filing the same SEC documentation.
Would Its Solana Fund Follow Its XRP ETF Success?
The firm’s recent activity with its XRPZ ETF has provided a promising preview of demand trends. The fund drew $62.6 million in inflows during its first full day of trading and added another $7 million the next day. This brought its two-day total close to $70 million.
In all, XRP spot ETFs have raked in close to $587 million since their listing on November 13. This is without recording a single day of outflows. That was also the case with the Solana products, with 21 uninterrupted days of net inflows.
Franklin Templeton’s filing is part of a busy week in the ETF space. Grayscale rolled out both XRP and DOGE ETFs. However, early demand for the DOGE product was weak. Bloomberg’s Eric Balchunas noted that its first-day volume of $1.4 million was “solid for an average launch but low for a first-ever spot product.”
$GDOG (first Doge ETF) saw $1.4m volume on Day One.. solid for an avg launch but low for a ‘first-ever spot’ product. Not too surprising tho, we actually made a rhyme a while ago predicting this: ‘The further away you get from BTC, the less asset there will be.’ pic.twitter.com/ermlOcID1J
— Eric Balchunas (@EricBalchunas) November 25, 2025
Meanwhile, more funds for Solana have launched within the past weeks. VanEck just debuted its VSOL Solana ETF days earlier. Fidelity also followed some days after as momentum grows for the product.