Franklin Templeton Rolls Out Solana Exchange-Traded Fund

Franklin Templeton has debuted its latest cryptocurrency investment vehicle: a Solana ETF. The launch signifies the continued integration of digital assets into conventional finance product offerings.

Trading for the fund, tickered SOEZ, started on the NYSE Arca exchange. A defining characteristic of this ETF is its incorporation of staking rewards.

According to Roger Bayston, the firm’s head of Digital Assets, Solana is establishing itself as a core piece of digital economic infrastructure. He cited its speed and efficiency as catalysts for activity ranging from asset tokenization to next-generation finance.

The firm’s existing digital asset products track major tokens like Bitcoin and ETH. However, in the race to launch a Solana ETF, it was preceded by entities including Fidelity, Grayscale, and Bitwise, with the first staking-reward fund appearing in July.

This launch joins a series of recent, asset-specific crypto ETF introductions. The SEC’s supervisory stance has softened compared to prior years, with actions aimed at providing regulatory clarity and accelerating product approvals.