Franklin Templeton is moving closer to launching its Solana ETF after submitting its final Form 8-A filing to the U.S. Securities and Exchange Commission. This filing is widely seen in the ETF industry as the final approval step, signaling that the product could begin trading very soon. The timing follows the strong debut of Franklin Templeton’s XRP ETF, which successfully launched earlier this week on the NYSE.
The asset manager’s newly submitted Form 8-A typically appears just before a product is ready to trade. Exchanges often begin listing such securities on the next business day after approval, suggesting that Franklin Templeton’s Solana ETF may reach the market in the near term. The fund will trade under the ticker SOEZ on NYSE Arca.
The Solana ETF has faced several delays over the past year as the SEC repeatedly extended its review window. The decision deadline was first pushed from April to June, initiating a 180-day review period set to end on September 15. That deadline was extended again, carrying the review into November 2025. With the Form 8-A now filed, the administrative process is essentially complete, and the ETF is awaiting listing.
Franklin Templeton plans to launch a passive Solana fund tracking the CF Benchmarks Index, meaning the ETF will not be actively managed. The product will charge a 0.19% fee, with all fees waived on the first $5 billion in assets until May 31, 2026. The fund enters a market that already includes a Solana ETF from 21Shares, which filed similar documentation earlier in the year.
Investor demand for crypto ETFs has been accelerating. Franklin Templeton’s recent XRPZ ETF gives a preview of potential interest: it attracted $62.6 million in inflows on its first full trading day and another $7 million the following day, bringing its two-day total close to $70 million. Altogether, XRP spot ETFs have brought in nearly $587 million in inflows since their introduction on November 13, without a single day of outflows. Solana products have shown similar strength with 21 consecutive days of net inflows.
The broader ETF space is experiencing a surge of new activity. Grayscale launched both XRP and DOGE ETFs this week, though the DOGE product’s $1.4 million first-day volume was considered modest for a first-ever spot ETF. Meanwhile, competition in the Solana ETF category continues to grow, with VanEck’s VSOL ETF and a new Solana product from Fidelity debuting in recent days.
Franklin Templeton’s final filing signals that investor enthusiasm for Solana-based ETFs continues to build and that another major crypto fund may be poised to enter the market shortly.
