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Franklin Templeton won NYSE Arca approval for its Solana ETF on Wednesday, triggering a 17% surge in SOL that pushed the token above $120.
The fund, trading under ticker SOEZ, will become the seventh Solana ETF available to U.S. investors and the first from Franklin Templeton to offer staking rewards on up to 100% of its holdings.
The approval marks a significant expansion of institutional access to Solana, which has emerged as one of the highest-throughput blockchain networks for decentralized applications.
Franklin Templeton revealed that its newly approved SOEZ fund will track the CF Benchmarks Solana Index, becoming the seventh Solana ETF available to U.S. investors.
Roger Bayston, Head of Digital Assets at Franklin Templeton, highlighted Solana’s growing role in the broader digital economy. Solana is becoming a core layer of the digital economy, Bayston said.
Its speed and efficiency support activity ranging from tokenized assets to next-generation financial applications, and that momentum continues to attract both developers and institutions.
This institutional perspective reinforces why Solana-focused ETFs are evolving into a major entry point for traditional investors seeking exposure to high-performance blockchain infrastructure.
SOEZ will utilize a grantor trust structure, holding Solana and cash while aiming to track SOL’s price and earn staking rewards on up to 100% of its holdings. Valuations will rely on the CME CF Solana-Dollar Reference Rate (New York Variant).
David Mann, Franklin Templeton’s Head of ETF Product and Capital Markets, emphasized how SOEZ integrates seamlessly into existing investor workflows:
SOEZ offers exposure to Solana, a network that has seen significant adoption, and delivers it through a transparent ETP structure, Mann explained. It fits directly into institutional investment processes.
Coinbase Custody Trust Company will serve as custodian, while BNY Mellon acts as administrator, transfer agent, and cash custodian — reinforcing the fund’s regulatory and operational credibility.
Bayston added another forward-looking perspective:
The fund provides investors a regulated and transparent way to participate in a network shaping how digital infrastructure could operate in the years ahead.
Despite ETF expansion, Solana-focused ETFs saw $13.55 million in net outflows recently — reflecting unpredictable market behavior rather than diminishing long-term interest.
This comes as Binance experienced dramatic liquidity shifts, including:
$2.12 billion USDC inflows
$1.11 billion SOL outflows
$450 million USDT outflows
While the movement appeared chaotic, analysts noted that it eased sell-side pressure and created stronger buy-side liquidity conditions.
SOL continues to trade above the $120 support level, with Glassnode showing major accumulation clusters at $135 and $142 — both now acting as resistance as traders weigh risk sentiment.
Roughly 33.8 million SOL was acquired across these two price zones, signaling strong confidence among longer-term holders.
Solana remains one of the world’s most active ecosystems for developers, decentralized applications, and high-throughput infrastructure.
The arrival of additional Solana-focused ETFs — combined with rising institutional allocations — suggests a deepening conviction that Solana is positioned to lead the next wave of blockchain adoption.
With Franklin Templeton adding SOEZ to its product suite, alongside ETFs for Bitcoin, Ethereum, XRP, and its broader Crypto Index, the firm is signaling that institutional investment into Solana-focused ETFs is more than a trend — it’s a strategic shift.
As Solana-focused ETFs continue to expand, Franklin Templeton’s SOEZ fund marks a pivotal moment for institutional crypto adoption.
With strong regulatory backing, staking potential, and growing market momentum, SOL is poised for further attention from investors seeking exposure to high-speed blockchain networks.
The ETF surge signals that Solana is no longer just a developer favorite—it’s a mainstream investment contender.
