Coinspeaker
22 hours ago
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Franklin Templeton Files for Solana ETF Launch in US Market

Asset manager Franklin Templeton plans to launch a Solana ETF in the US, filing with the SEC for final approval. The ETF will trade under the ticker SOEZ on NYSE Arca and track the CF Benchmarks Index with a 0.19% management fee. Fees are waived on the first $5 billion until May 31, 2026.

Franklin Templeton Solana ETF filing | Source: SEC

  • The Solana ETF filing is seen as a "green light" signal for listing.
  • Competes with players like Fidelity, Bitwise, VanEck, Grayscale.
  • Recent inflows include another $53 million, with Bitwise Solana ETF recording $31 million.

Market Analysis:

  • SOL price corrected by 30% but may recover; currently at $125.
  • Analyst Captain Faibik suggests a potential breakout to $175.31, a 25% increase.
  • Daan Crypto Trades notes early recovery signs and resistance near $145; a break could lead to $155.

For more information on Solana, visit here.