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The institutional world, a place generally best avoided by anyone with a functioning sense of self-preservation, has decided it wants a piece of the Solana action. Franklin Templeton, custodians of a truly bewildering $1.6 trillion (that’s a lot of zeroes, folks 🤔), have announced the launch of the Franklin Solana ETF. Because, apparently, what the world really needs is another way to indirectly participate in the digital whims of the internet.
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This new Exchange-Traded Product (ETP) – a term that sounds suspiciously like something out of a science fiction novel – will offer investors direct exposure to the price movements of the Solana [SOL] token. Direct exposure, mind you, which is comforting. Like standing directly in front of a very large, rapidly approaching wave.
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Franklin Templeton, bless their ambitious little hearts, join a growing club including VanEck, Grayscale, Bitwise, Fidelity, and 21Shares. It’s becoming increasingly crowded at the crypto buffet. 🍽️
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Details of Franklin Solana ETF
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The Franklin Solana ETF (SOEZ) isn’t just content with passively tracking the price. Oh no. It’s actively trying to improve Solana, by… staking. It’s as if they think staking will somehow make the underlying chaos any less chaotic. 🤷
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They plan to stake up to 100% of their Solana holdings. This allows them to capture not only the fluctuations of the SOL token’s price but also the rewards generated through staking. These, naturally, will be treated as income. Because everything is eventually about the income. 💸
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And because contributing to the network’s security is always a good thing, right? Unless the network decides to be insecure. Then it’s… less good.
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For valuation purposes, they’re using the CME CF Solana‑Dollar Reference Rate, New York Variant. Because, obviously, specifying the exact variant is crucial. Don’t want to get your New York variants confused with your Tokyo variants, now, do we?
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The ETF is officially listed and traded on NYSE Arca. Which, should you choose to participate, will gratefully accept your contributions. 🙏
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Execs weighing in
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David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, stated – and I quote – “SOEZ offers exposure to Solana, a network that has seen significant adoption, and delivers it through a transparent ETP structure that fits seamlessly into existing investment workflows.” Yes, ‘seamlessly’. It’s always ‘seamless’. Like trying to fit a square peg into a very, very round hole.
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“SOEZ offers exposure to Solana, a network that has seen significant adoption, and delivers it through a transparent ETP structure that fits seamlessly into existing investment workflows.”
\n
Roger Bayston, Head of Digital Assets at Franklin Templeton, added, with the understated enthusiasm one expects from someone deeply involved in digital assets, “Solana is becoming a core layer of the digital economy.” A ‘core layer’. Right. Just another building block in the edifice of… well, something. 🤷\u200d♂️
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“Solana is becoming a core layer of the digital economy.”
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Solana ETF analysis
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Despite all this institutional excitement, the Solana ETF market experienced a bit of a wobble yesterday. A slight existential crisis, if you will. 📉
\n
Cumulative Solana ETF trading saw net outflows totaling $32.9 million on 4th December, according to Farside Investors. Apparently, even seasoned investors sometimes look at these things and briefly wonder what they’ve done with their lives.
\n
21Shares’ TSOL was particularly hard hit, recording outflows of $41.8 million. A substantial amount of rethinking, it would seem.
\n
However, Bitwise’s BSOL and Fidelity’s FSOL actually attracted capital. Evidence, perhaps, that some people genuinely enjoy a challenge? Or have simply lost a bet.
\n
These contrasting flows highlight the, shall we say, ‘nuanced’ investor sentiment shaping Solana’s growing ETF ecosystem.
\n
In the meantime, Solana’s price continues its unpredictable dance.
\n
Solana price action and more
\n
At press time, SOL traded around $143.02 after shedding nearly 10% from its late‑November high of $140.19. A gentle reminder that markets can, and often do, go down.
\n
On the 26th of November, Solana’s spot ETFs recorded their first-ever daily net outflow of $8.1 million. The streak of inflows, sadly, came to an end. Twenty-one days. A good run, all things considered.
\n
Price pressure intensified as low weekend liquidity and correction fears coincided with developers debating a scarcity proposal. Because nothing says ‘stability’ like developers debating how to artificially constrain supply. 🤦\u200d♀️
\n
So, while SOEZ’s launch confirms Wall Street’s long-term commitment, the recent volatility reminds us that Solana is, fundamentally, still very much a work in progress. A rather… spirited work in progress.
\n\n
Final Thoughts
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- \n
- Franklin Templeton’s SOEZ launch highlights growing institutional confidence in Solana’s long‑term potential. Which is either incredibly brave or remarkably foolish.
- Yet, recent ETF outflows and price volatility reveal the short-term challenges the ecosystem must navigate. Or, possibly, just ignore.
\n
\n
\n
The institutional world, a place generally best avoided by anyone with a functioning sense of self-preservation, has decided it wants a piece of the Solana action. Franklin Templeton, custodians of a truly bewildering $1.6 trillion (that’s a lot of zeroes, folks 🤔), have announced the launch of the Franklin Solana ETF. Because, apparently, what the world really needs is another way to indirectly participate in the digital whims of the internet.
This new Exchange-Traded Product (ETP) – a term that sounds suspiciously like something out of a science fiction novel – will offer investors direct exposure to the price movements of the Solana [SOL] token. Direct exposure, mind you, which is comforting. Like standing directly in front of a very large, rapidly approaching wave.
Franklin Templeton, bless their ambitious little hearts, join a growing club including VanEck, Grayscale, Bitwise, Fidelity, and 21Shares. It’s becoming increasingly crowded at the crypto buffet. 🍽️
Details of Franklin Solana ETF
The Franklin Solana ETF (SOEZ) isn’t just content with passively tracking the price. Oh no. It’s actively trying to improve Solana, by… staking. It’s as if they think staking will somehow make the underlying chaos any less chaotic. 🤷
They plan to stake up to 100% of their Solana holdings. This allows them to capture not only the fluctuations of the SOL token’s price but also the rewards generated through staking. These, naturally, will be treated as income. Because everything is eventually about the income. 💸
And because contributing to the network’s security is always a good thing, right? Unless the network decides to be insecure. Then it’s… less good.
For valuation purposes, they’re using the CME CF Solana‑Dollar Reference Rate, New York Variant. Because, obviously, specifying the exact variant is crucial. Don’t want to get your New York variants confused with your Tokyo variants, now, do we?
The ETF is officially listed and traded on NYSE Arca. Which, should you choose to participate, will gratefully accept your contributions. 🙏
Execs weighing in
David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, stated – and I quote – “SOEZ offers exposure to Solana, a network that has seen significant adoption, and delivers it through a transparent ETP structure that fits seamlessly into existing investment workflows.” Yes, ‘seamlessly’. It’s always ‘seamless’. Like trying to fit a square peg into a very, very round hole.
“SOEZ offers exposure to Solana, a network that has seen significant adoption, and delivers it through a transparent ETP structure that fits seamlessly into existing investment workflows.”
Roger Bayston, Head of Digital Assets at Franklin Templeton, added, with the understated enthusiasm one expects from someone deeply involved in digital assets, “Solana is becoming a core layer of the digital economy.” A ‘core layer’. Right. Just another building block in the edifice of… well, something. 🤷♂️
“Solana is becoming a core layer of the digital economy.”
Solana ETF analysis
Despite all this institutional excitement, the Solana ETF market experienced a bit of a wobble yesterday. A slight existential crisis, if you will. 📉
Cumulative Solana ETF trading saw net outflows totaling $32.9 million on 4th December, according to Farside Investors. Apparently, even seasoned investors sometimes look at these things and briefly wonder what they’ve done with their lives.
21Shares’ TSOL was particularly hard hit, recording outflows of $41.8 million. A substantial amount of rethinking, it would seem.
However, Bitwise’s BSOL and Fidelity’s FSOL actually attracted capital. Evidence, perhaps, that some people genuinely enjoy a challenge? Or have simply lost a bet.
These contrasting flows highlight the, shall we say, ‘nuanced’ investor sentiment shaping Solana’s growing ETF ecosystem.
In the meantime, Solana’s price continues its unpredictable dance.
Solana price action and more
At press time, SOL traded around $143.02 after shedding nearly 10% from its late‑November high of $140.19. A gentle reminder that markets can, and often do, go down.
On the 26th of November, Solana’s spot ETFs recorded their first-ever daily net outflow of $8.1 million. The streak of inflows, sadly, came to an end. Twenty-one days. A good run, all things considered.
Price pressure intensified as low weekend liquidity and correction fears coincided with developers debating a scarcity proposal. Because nothing says ‘stability’ like developers debating how to artificially constrain supply. 🤦♀️
So, while SOEZ’s launch confirms Wall Street’s long-term commitment, the recent volatility reminds us that Solana is, fundamentally, still very much a work in progress. A rather… spirited work in progress.
Final Thoughts
- Franklin Templeton’s SOEZ launch highlights growing institutional confidence in Solana’s long‑term potential. Which is either incredibly brave or remarkably foolish.
- Yet, recent ETF outflows and price volatility reveal the short-term challenges the ecosystem must navigate. Or, possibly, just ignore.
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2025-12-05 05:30