Franklin Templeton, a global investment management organization with over $1.6 trillion in assets under management, has launched the Franklin Solana ETF (NYSE Arca: SOEZ), an exchange-traded product designed to provide investors with exposure to Solana (SOL) price movements and staking rewards.
SOEZ is structured to reflect the performance of the price of Solana and the rewards generated from staking up to 100% of the Fund’s Solana, after accounting for expenses and liabilities. Staking rewards are received in the form of SOL tokens and may be treated as income, while also contributing to network security and stability. The Fund’s SOL cash value is determined using the CME CF Solana-Dollar Reference Rate, New York Variant.
David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, stated, “As blockchain networks evolve, investors want access to the ones driving real activity. 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.”
Launched in 2020, Solana is a high-performance blockchain network built to power smart contract applications across various sectors, including payments, decentralized finance (DeFi), and digital asset tokenization. It utilizes a combination of Proof of Stake (PoS) and a proprietary Proof of History (PoH) mechanism, a cryptographic clock designed for efficient transaction sequencing, enabling high throughput and low latency. Solana can process tens of thousands of transactions per second at a low cost.
This low-cost and high-speed infrastructure has established Solana as a preferred network for developers building decentralized applications, gaming platforms, and on-chain financial services. Its relatively low correlation to traditional asset classes and rapid adoption position Solana as a differentiated exposure within the broader digital asset market.
SOEZ is structured as a grantor trust that holds Solana and cash. Coinbase Custody Trust Company, LLC serves as the Solana custodian. Bank of New York (BNY) acts as the administrator, transfer agent, and cash custodian.
Roger Bayston, Head of Digital Assets at Franklin Templeton, commented, “Solana is becoming a core layer of the digital economy. Its speed and efficiency support activity that ranges from tokenized assets to next-generation financial applications, and that momentum continues to attract both developers and institutions. SOEZ provides investors a regulated and transparent way to participate in a network that is shaping how digital infrastructure could operate in the years ahead.”
The Franklin Solana ETF joins Franklin Templeton’s existing U.
S. digital asset ETP lineup, which includes the Franklin XRP ETF (XRPZ), Franklin Crypto Index ETF (EZPZ), Franklin Bitcoin ETF (EZBC), and Franklin Ethereum ETF (EZET).
Franklin Resources, Inc., operating as Franklin Templeton, is a global investment management organization serving clients in over 150 countries. With over 75 years of investment experience and $1.69 trillion in AUM as of October 31, 2025, the California-based company aims to help clients achieve better outcomes through investment management expertise, wealth management, and technology solutions.
Investors should note that an investment in SOEZ is not a direct investment in SOL, but rather an exchange-traded product that invests in SOL. All investments involve risks, including the potential loss of principal. The Fund is not an investment company registered under the Investment Company Act of 1940 and is not a commodity pool under the Commodity Exchange Act. It is not diversified, and therefore is expected to be more volatile than other investments. The value of the Fund’s shares directly correlates to the value of SOL, which has historically been, and may continue to be, highly volatile.
Digital asset markets are subject to regulatory uncertainty in the U.
S., and adverse legislative or regulatory developments could significantly impact the value of SOL or the shares. The CME CF Solana-Dollar Reference Rate, used for valuation, has a limited performance history and may be volatile. The Fund is a passive investment vehicle and does not actively manage its portfolio or use hedging techniques. The amount of SOL represented by each Share will decrease over time due to fees and expenses.
Staking activity carries risks, including fluctuating rewards, potential “slashing” penalties, and liquidity risks during the activation and deactivation processes where staked Solana tokens may be inaccessible for a period. Security threats to the Fund’s custodians or staking provider could also result in loss of assets or damage to the Fund’s reputation.
