The post Franklin Templeton ETF approval lifts Solana 17% appeared on BitcoinEthereumNews.com.

Franklin Templeton has secured NYSE Arca approval to list its Solana ETF, SOEZ, designed to offer investors exposure to Solana. The announcement has already helped push Solana’s price up 17%. The new fund will track the CF Benchmarks Solana Index, and is now the seventh Solana ETF available to US investors. Roger Bayston, head of Digital Assets at Franklin Templeton, gave his remarks, “Solana is becoming a core layer of the digital economy. Its speed and efficiency support activity that ranges from tokenized assets to next-generation financial applications, and that momentum continues to attract both developers and institutions.” SOEZ is using a grantor trust structure to hold Solana and cash SOEZ seeks to generally track Solana’s price movements and earn staking rewards on as much of its Solana holdings as feasible, up to 100%, net of expenses and liabilities. The fund’s SOL holdings are valued using the CME CF Solana-Dollar Reference Rate, New York Variant. David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, added on the fund’s attributes, “SOEZ offers exposure to Solana, a network that has seen significant adoption, and delivers it through a transparent ETP structure that fits seamlessly into existing investment workflows.” SOEZ also holds Solana and cash through a grantor trust structure. Coinbase Custody Trust Company, LLC serves as the Solana custodian, and BNY acts as administrator, transfer agent, and cash custodian. Bayston further remarked that the fund “provides investors a regulated and transparent way to participate in a network that is shaping how digital infrastructure could operate in the years ahead.” Aside from SOEZ, Franklin Templeton’s ETP lineup includes Franklin XRP ETF (XRPZ), Franklin Crypto Index ETF (EZPZ), Franklin Bitcoin ETF (EZBC), and Franklin Ethereum ETF (EZET). Solana-focused ETFs saw $13.55 million in net outflows The ETF launches as Solana experiences…

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Filed under: News - @ December 4, 2025 10:26 am