Franklin Solana ETF Clears Final Step Before Trading, With Fee Waiver Putting Pressure on Rival S...

NYSE Arca approved the Franklin Solana ETF, clearing the final step before SOEZ begins trading.

The ETF will charge a 0.19% fee with a waiver on the first $5B in assets until May 2026.

Institutional SOL activity grows as firms pursue staking products and new capital raises.

NYSE Arca has approved the listing and registration of the Franklin Solana ETF, marking the final step before trading begins. The move places the asset manager among firms expanding their Solana product lines as interest in crypto-based funds grows in the US market.

Franklin Solana ETF Clears Final Step After NYSE Arca Approval

SEC filings show NYSE Arca has approved the listing and registration of the Franklin Solana ETF, completing the last step before market launch. Franklin Templeton submitted its final paperwork last week, and these filings usually signal that trading will begin within days. The fund will list on NYSE Arca under the ticker SOEZ and will operate as a passive vehicle tracking the CF Benchmarks Solana Index.

The approval places Franklin Templeton among asset managers offering Solana products in the United States. When trading begins, the fund will join six existing Solana ETFs available to US investors. This follows the company’s recent launch of its XRP ETF, which also trades on NYSE Arca. The firm said interest in networks with wide use cases continues to grow, with Roger Bayston noting strong demand for assets that show “real-world adoption at scale.”

The category has seen active flows this week. Recent data recorded the largest daily net outflow of $13.55 million, driven mostly by a $32.54 million withdrawal from the 21Shares TSOL fund. Yet earlier activity showed rising demand, with $53 million in inflows reported on November 25.

Product Details and Expanding Institutional Activity

The Franklin Solana ETF will carry a 0.19% management fee. The company also plans to waive all fees on the first $5 billion in assets under management until May 31, 2026. This fee structure places the fund among the lowest-cost options in the Solana ETF category. The product stands alongside offerings from Bitwise, Fidelity, VanEck, and Grayscale.

Institutional interest in Solana continues to grow outside ETFs. Forward Industries recently partnered with Sanctum to issue fwdSOL, a liquid staking token designed to support staking rewards while using DeFi strategies. The firm converted 1.7 million SOL into fwdSOL under this new arrangement

In addition, Upexi completed a private placement of about $10 million to support its Solana strategy. With new approvals and ongoing market activity, Solana-related products continue to expand their presence across regulated platforms.

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