Franklin Templeton has taken the final regulatory step to launch a Solana exchange-traded fund (ETF), signaling the digital asset’s imminent debut on NYSE Arca.
The global asset manager filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC), a technical document that typically precedes the start of trading within 24 hours.
The new product is named “Franklin Solana Trust” and is expected to trade under the ticker “Franklin Solana ETF” on NYSE Arca, according to regulatory filings.
Solana is set to join an exclusive group of digital assets, alongside Bitcoin and Ethereum, that have secured dedicated ETFs from major institutional asset managers.
Franklin Templeton, which manages over $1.66 trillion in assets, is a longstanding and reputable firm in the global finance industry. Its move is seen as a significant institutional validation for Solana.
The firm has actively offered digital asset-linked products in recent years. These typically attract substantial inflows during their initial trading periods, suggesting a similar interest for the Solana ETF.
The filing aligns with a noticeable increase in altcoin ETF applications within the U.S. market. This trend is driven by a maturing regulatory infrastructure and growing interest from large financial institutions.
This development also reflects an expanding institutional demand for digital assets beyond just Bitcoin and Ethereum. The introduction of new ETFs opens doors to diversified investment strategies.
Analysts and Solana enthusiasts widely anticipate trading could begin in the coming days, pending confirmation from NYSE Arca and without unforeseen regulatory delays. Such products are part of a broader wave of altcoin ETFs seeking to enter the U.S. market.