Franklin Templeton’s upcoming Solana ETF moved closer to the US market this week after NYSE Arca approved its listing. The decision completes the last regulatory step before the fund begins trading. Market participants expect the launch within days.
The entry of another major asset manager signals rising demand for Solana-focused investment products as inflows continue across similar funds. Besides this momentum, Solana’s market performance has strengthened, adding more attention to the ETF’s debut.
NYSE Arca Greenlights the New Solana ETF
NYSE Arca’s new filing with the SEC confirmed that Franklin Templeton’s Solana ETF secured listing approval. This approval places the firm among the most recent issuers expanding into Solana-based products. The ETF will list under the ticker SOEZ and will track the CF Benchmarks Solana Index.
Franklin submitted its final documents last week. Hence analysts expect the fund to begin trading soon. The company recently launched an XRP ETF, signaling a steady expansion across digital asset markets.
Additionally, its crypto index ETF now includes Solana and several other networks. The firm adopted this broader approach after Cboe’s updated listing standards received regulatory clearance earlier this year.
Roger Bayston, Head of Digital Assets at Franklin Templeton, said, “Investors are looking beyond the first generation of digital assets for exposure to networks demonstrating real-world adoption at scale, strong community, or functional utility across payments, smart contracts, or data connectivity.” He added that the index now captures a wider range of use cases, allowing EZPZ to evolve alongside the market.
Solana Price Extends Gains as Trendline Support Holds
Solana traded around $141.57 in the past 24 hours, recording a 10.30% daily increase and sustaining weekly gains. The asset’s market cap reached $79.17 billion with trading volume above $7.8 billion.
Source: X
Analyst Ali Martinez noted that Solana continues to respect a long-term ascending trendline that has held since early 2023. Each major retest produced strong rebounds, including moves from $16, $12, and more recently from the $120 area. The latest decline again met buyers along this line, reinforcing its importance.
Consequently, the key resistance remains at $170. A decisive break could open targets near $200 and $239. Moreover, Martinez observed that the bullish structure stays intact as long as SOL holds above the rising trendline, now aligned with the $120–$130 zone.
Source: https://coinpaper.com/12829/franklin-solana-etf-cleared-for-trading-after-nyse-arca-approval
