Franklin Templeton is on the verge of launching a spot Solana exchange-traded fund (ETF) after submitting a key registration form with the U.S. Securities and Exchange Commission. The asset management giant filed a Form 8-A on November 25, a final procedural step that readies the fund for its debut on the NYSE Arca exchange.

This filing typically precedes an ETF’s launch by a short period, signaling that trading for the Franklin Solana ETF could begin imminently. The move comes as investor appetite for regulated altcoin products continues to grow, potentially bringing renewed attention to the Solana ecosystem.

ETF Structure and Strategy

According to the filings, the Franklin Solana Trust will provide investors with direct exposure to SOL’s price movements by holding the physical cryptocurrency. The fund is set to track the CF Benchmarks Solana Index, a common structure for the firm’s digital asset products.

This approach mirrors the design of Franklin Templeton’s existing spot Bitcoin and Ethereum ETFs, as well as its recently launched XRP ETF, providing a consistent framework across its crypto offerings. The Form 8-A filing follows an S-1 amendment submitted on November 21, completing the major regulatory requirements for the fund’s listing.

A Broadening Push into Crypto

The upcoming Solana ETF is part of Franklin Templeton’s aggressive expansion into the digital asset space. The firm recently launched its spot XRP ETF (XRPZ) on November 25, which saw strong investor interest on its first day of trading.

In addition to single-asset funds, Franklin Templeton is also developing a multi-asset crypto ETF that would include a blend of Bitcoin, Ethereum, Solana, XRP, and Cronos. The company has further registered a Chainlink Trust, indicating a strategic focus on assets related to tokenization and cross-chain functionality. With the final paperwork filed, the market now awaits the official launch of another major altcoin ETF.