Franklin Templeton’s Solana ETF Begins Trading on NYSE Arca Platform

  • Franklin Templeton has launched a Solana ETF on the NYSE Arca, joining other Solana ETFs with total assets exceeding $933 million.
  • The firm manages over $1.6 trillion in assets and has expanded its digital asset exposure through this launch.
  • The ETF is listed under the ticker "SOEZ," which has garnered attention for its memorable name.
  • SOEZ is part of Franklin's broader crypto index ETF "EZPZ," which includes assets like XRP, Solana, Dogecoin, Cardano, Stellar Lumens, Chainlink, Bitcoin, and Ethereum.
  • Following regulatory approval on Nov. 26, the ETF was listed quickly despite the US Thanksgiving holiday.
  • The price of Solana experienced volatility around the launch, dropping from $143 to $123 before recovering to about $140.
  • Substantial ETF inflows have helped stabilize Solana's price at the $140 mark, with potential for future growth.

Solana appears to be hovering around the $140 mark as trading begins for SOEZ.