FRANKLIN TEMPLETON MOVES CLOSER TO DEBUTING SPOT SOLANA ETF

A major ETF filing has given SOL a timely lift, paving the way for what analysts describe as a potentially significant market shift.

Franklin Templeton has made a move that could refocus attention on Solana at a time when interest in altcoin ETFs is quietly growing. The asset manager filed Form 8-A with the U.S. Securities and Exchange Commission on November 25 to register the Franklin Solana ETF under the Securities Exchange Act of 1934, putting the product in its final stage before trading.

This filing is usually the final procedural step before an ETF begins trading, indicating that the Franklin Solana ETF could start trading on NYSE Arca as soon as November 26 or shortly afterward.

Solana ETF Nears Launch as Market Momentum Builds

The 8-A filing officially registers the Franklin Solana Trust shares for exchange listing, completing the last major requirement following the S-1 amendment submitted on November 21. The ETF will hold physical SOL, track the CF Benchmarks Solana Index, and follow the same structure as Franklin’s Bitcoin, Ethereum, and newly launched XRP ETFs.

The timing is significant. U.S. Solana ETFs, which started launching in late October, have become one of the strongest-performing altcoin ETF segments this year. On November 25, the group recorded its 20th consecutive day of net inflows, adding $57.99 million and pushing total inflows past $560 million.

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Recent entrants like Canary Capital and Fidelity have also entered the market, offering institutions more options for exposure and increasing liquidity.

All of these factors have helped push SOL back into the $140 range. Analysts attribute the rebound to steady ETF buying and growing interest in regulated altcoin exposure as key drivers.

Franklin Templeton Gears Up for New Solana ETF Amid Growing Crypto Demand

The Solana ETF marks another step in Franklin Templeton’s fast-growing push into digital asset products. On November 25, the firm also launched its spot XRP ETF (XRPZ), which saw strong inflows on its first day.

In addition to the Solana Trust, Franklin has updated filings for a multi-asset crypto ETF that combines Bitcoin, Ethereum, Solana, XRP, and Cronos. The firm has also registered a Chainlink Trust, signaling a move into assets linked to tokenization and cross-chain settlement.

SOLANA NEARS A 20% ZONE THAT COULD TRIGGER ITS NEXT MAJOR UPSWING

With the 8-A filing now complete, the Solana ETF is effectively ready to launch. If trading begins in the coming days, it will enter a market that has already demonstrated steady demand for SOL exposure and could help shape the next phase of altcoin ETFs heading into 2026.

FAQs

1. What is Franklin Templeton doing with Solana?

Franklin Templeton has filed an 8-A to launch a Solana ETF, marking another step in its expansion into digital asset products. This ETF will hold physical SOL and track the CF Benchmarks Solana Index.

2. When could the Solana ETF start trading?

With the 8-A filing now complete, the Solana ETF could begin trading on NYSE Arca as early as November 26 or shortly thereafter.

3. How does this fit into Franklin Templeton’s crypto ETF strategy?

The Solana ETF is part of a broader push that includes the recently launched spot XRP ETF (XRPZ), a multi-asset crypto ETF blending Bitcoin, Ethereum, Solana, XRP, and Cronos, and a newly registered Chainlink Trust.

4. What is driving demand for Solana ETFs in the U.S.?

U.S. Solana ETFs, which began launching in late October, have seen consistent inflows, with 20 consecutive days of net inflows as of November 25, totaling over $560 million. Analysts say steady ETF buying and interest in regulated altcoin exposure are major drivers.

5. How might the new Solana ETF affect the market?

The launch of Franklin Templeton’s Solana ETF is expected to provide additional liquidity and institutional exposure for SOL. It could set the tone for the next phase of altcoin ETFs heading into 2026, supporting both price and market interest.