Franklin Templeton has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) for its spot Solana exchange-traded fund, the Franklin Solana Trust.
This signals that the product is entering the final stage before listing on a national securities exchange. Trading on NYSE Arca could begin within days, positioning Solana alongside Bitcoin and Ethereum in the expanding lineup of U.S. spot crypto ETFs.
Franklin Templeton ETF Structure
The Form 8-A submission, dated November 25, registers the Franklin Solana Trust’s shares under the Securities Exchange Act of 1934, a step typically taken just before a new ETF begins trading. It follows an amended S-1 filing submitted on November 21, which outlines the fund’s structure and risk disclosures. According to those documents, the ETF will:​
- Hold physical SOL in custody, providing direct spot exposure rather than futures-based or synthetic positions.
- Track the CF Benchmarks Solana Index, a regulated reference rate that aggregates SOL prices from multiple exchanges.
- Offer shares representing fractional undivided interests in the trust’s net assets, valued daily based on SOL’s market price minus fees and expenses.​
The ETF will list on NYSE Arca, pending final effectiveness and exchange approval. Market observers note that the 8-A filing often precedes a launch by as little as 1 trading day, suggesting the Franklin Solana ETF could join existing U.S. Solana ETF products before the end of the week.
Market Context
The filing comes amid strong demand for Solana (SOL) exposure through regulated vehicles. U.S. spot Solana ETFs, launched in late October, have recorded at least 20 consecutive days of net inflows, bringing cumulative allocations to above $621.32 million and helping push SOL back into the $140 price range.
Analysts attribute this momentum to institutional portfolios rotating into altcoin ETFs and a preference for exchange-traded structures over direct token custody.​
For Franklin Templeton, the Solana ETF extends its rapidly growing digital asset lineup. The firm recently launched a spot XRP ETF and has updated filings for a multi-asset crypto ETF blending Bitcoin, Ethereum, Solana, XRP, and Cronos, as well as a separate Chainlink trust. This strategy aims to position the asset manager as a major issuer in the altcoin ETF segment, leveraging its existing distribution networks.​
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