Franklin Templeton’s Latest Filing Sets Stage for Solana ETF Launch
A key exchange-traded fund filing has given SOL a timely boost and set the stage for a major shift that analysts say could occur. The recent filing of Form 8-A by Franklin Templeton has placed the Franklin Templeton Solana ETF in its final phase prior to listing on the NYSE Arca, providing spot exposure backed by actual SOL holdings and utilizing the CF Benchmarks Solana Index.
The launch momentum reflects strong inflows from the newly listed Solana ETFs, which have surpassed $560 million since October. This development is significant, as it indicates a growing demand for altcoin ETFs. According to recent data, US-based Solana ETFs have emerged as one of the strongest altcoin ETF segments of the year, with the group recording its 20th consecutive day of net inflows of $57.99 million on November 25.
Implications of the Filing
The 8-A filing registers Franklin Solana Trust’s shares for public listing, meeting the final key requirement under the S-1 amendment filed on November 21st. This procedural trigger typically occurs just before a new ETF begins trading, suggesting that the Franklin Solana ETF could list on the NYSE Arca as early as November 26 or shortly thereafter. The ETF will hold physical SOL, track the CF Benchmarks Solana Index, and follow the same structure Franklin uses for its Bitcoin, Ethereum, and newly launched XRP ETFs.
New entrants such as Canary Capital and Fidelity have entered the market in recent weeks, offering institutions more opportunities to gain exposure and increase liquidity. This has helped push SOL back into the $140 area, with analysts attributing the recovery to consistent ETF buying and a trend toward regulated altcoin exposure as the main drivers.
Expansion of Crypto ETFs
The Solana ETF continues Franklin Templeton’s rapid expansion into digital asset products. On November 25, the company launched its spot XRP ETF (XRPZ), which saw strong inflows on the first day. In addition to the Solana Trust, Franklin has updated filings for a multi-asset crypto ETF that brings together Bitcoin, Ethereum, Solana, XRP, and Cronos. It has also registered a Chainlink Trust, indicating a foray into assets related to tokenization and cross-chain settlement.
With the 8-A request now submitted, the Solana ETF is practically ready to launch. When trading begins in the coming days, it will enter a market that is already showing sustained demand for SOL exposure and could help set the tone for the next phase of altcoin ETFs through 2026. For more information, visit https://crypto.news/franklin-templeton-files-8-a-spot-solana-etf-2025/
