Franklin Templeton has added a Solana-focused exchange-traded fund to its investment product lineup. The introduction provides a new avenue for traditional market participants to gain exposure to the cryptocurrency.
The Franklin Solana ETF began trading on Wednesday with the ticker SOEZ. The fund includes a mechanism to distribute staking income to its investors.
Roger Bayston of Franklin Templeton commented on Solana’s growing role as infrastructure for the digital economy. He pointed to its performance attributes as key for supporting tokenization and innovative financial applications, driving its adoption.
While Franklin Templeton already offers products tracking Bitcoin and ETH, it was not the first to market with a Solana ETF. It follows launches from both Wall Street rivals like VanEck and crypto-focused firms like Canary Capital.
This event is part of a broader trend of niche crypto ETF launches. Regulatory oversight from the SEC has become more receptive in recent months, with the agency taking steps to streamline the listing process for such exchange-traded products.
