In the dusty, tired world of Wall Street, where fortunes are made and lost faster than a farmer’s temper after a bad crop, Franklin Templeton has finally tipped its hat to Solana. They filed something called an 8-A-sounds like a robot’s sneeze but really means they’re just about ready to put a shiny new ETF on the NYSE Arca, where all the big fish wade around in water they pretend isn’t too salty. 😏
- They’ve done their homework and registered the Franklin Templeton Solana ETF for its big debut-like finally hanging the “Open for Business” sign.
- This ETF isn’t some paper tiger; it’s backed by real SOL, not just wishful thinking, and tracks the CF Benchmarks Solana Index-imagine a shiny chart showing how much people are dreaming about SOL.
- Since October, more folks have thrown their hats and wallets into Solana ETFs than at a barn dance, raking in over half a billion dollars-none of this is small potatoes, believe me.
Franklin’s waving a flag in a market that’s quietly building a little altcoin love, right as everyone’s eyes are glued to the crypto circus. They filed the 8-A on Nov. 25, just in time for the grand parade, and it’s probably going to dance out onto the NYSE stage by Nov. 26 or so. Like clockwork, if clocks could tell you to buy SOL, that is.
A step closer to trading-like stepping over a puddle and pretending you didn’t see the mud
The 8-A is the final hurdle, like crossing a creek after a long day in the fields. It registers Franklin’s SOL shares to be traded, holding real SOL, tracking the Solana index, just like they do with Bitcoin, Ethereum, and some shiny new XRP ETFs. Franklin’s just flipping the switch, like turning on the porch light after a long night.
And wouldn’t you know it, Solana ETFs have become the hot potato of the year, energy buzzing around faster than a hive full of bees. Since late October, folks have been pouring into these things, with inflows gushing past $560 million-more money than most small towns see in a year. Several big players like Fidelity have jumped in, making the game a little more interesting-a kind of crypto poker, but with more zeros.
The price of SOL has clocked a cozy $140, and everyone’s whispering that it’s because these ETFs are buying like there’s no tomorrow. They’re pushing for regulation-that nice, tidy box in which investors feel safe enough to throw their hats in the ring.
Franklin keeps growing its crypto empire-like a farmer planting more seeds than he can count
And they’re not stopping at Solana; they just launched a spot XRP ETF that saw more money come in on the first day than a lemonade stand on a hot summer day. Now they’re dreaming of a multi-asset crypto ETF-mixing Bitcoin, Ethereum, Solana, XRP, and even Cronos-covering all the bases, like a farmer planting every seed they can find.
Plus, a Chainlink Trust is in the works, hinting they’re eyeing assets that turn digital tokens into real, usable stuff-like turning star dust into gold, but with more lines of code.
If this ETF gets traded soon, it’ll be like the last log on a sinking ship-everyone’s waiting to see if it sinks or floats. With the market already buzzing about SOL, Franklin’s move might just signal a new chapter-one that blends the old grit with the shiny promise of crypto riches. Or, at least, makes the farmers look a little smarter in the end. 🤠
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2025-11-26 07:29