Franklin Templeton launches Solana ETF, expanding Wall Street’s crypto offerings
Franklin Templeton has launched its Solana ETF, SOEZ, which includes staking rewards, expanding its digital asset product suite.Summary
Asset management firm Franklin Templeton debuted its Franklin Solana ETF, trading under the ticker SOEZ on NYSE Arca, which incorporates staking rewards. Roger Bayston, head of Digital Assets at Franklin Templeton, stated that Solana is becoming a core layer of the digital economy due to its speed and efficiency supporting various financial applications. Franklin Templeton already offers ETFs tracking Bitcoin, ETH, XRP, and a broader crypto index. The firm was preceded in launching a Solana ETF by crypto-native firms like Canary Capital and Grayscale, as well as Wall Street providers like Fidelity and VanEck. This launch occurs amid a broader trend of new crypto ETFs (including Chainlink and DOGE) being approved, reflecting a friendlier regulatory stance from the U.S. Securities and Exchange Commission under the current administration. Separately, SkyBridge Capital Founder Anthony Scaramucci expressed optimism for Solana's future success in an interview promoting his new book, "Solana Rising."
(Source：The Block)