New Solana ETF Debuts from Franklin Templeton
Franklin Templeton has launched an exchange-traded fund centered on Solana. This move broadens the selection of cryptocurrency investment vehicles available from traditional finance institutions.
The fund, identified by the symbol SOEZ, started its trading on the NYSE Arca exchange. It is structured to pass on staking rewards generated by the underlying SOL holdings.
In a statement, digital assets lead Roger Bayston framed Solana as an increasingly essential component of the digital economy. Its technical capabilities, he noted, support diverse activities and continue to draw institutional and developer attention.
This product joins the firm’s previous crypto ETPs, which track assets including Bitcoin and ETH. The firm enters a Solana ETF market already populated by competitors such as Fidelity, Grayscale, and Bitwise, with REX-Osprey having launched the first staking-enabled fund in July.
The launch occurs amidst a flurry of new crypto ETF filings. A shift in approach from the SEC under the second Trump administration has created a more favorable climate, including clearer guidelines and faster listing approvals for these funds.
