TL;DR
- Franklin Templeton is launching a Solana ETF with the lowest fee in the market and a full fee waiver on the first $5 billion in assets.
- The ETF aims to capture early demand with an aggressive strategy that mirrors the debut of Bitcoin products and leverages the growth of the Solana ecosystem.
- Solana funds have already accumulated $621 million in inflows while SOL holds a resistance at $142 and a critical support at $120.
Franklin Templeton will enter the Solana ETF market today with a strategy designed to capture immediate demand and push aside competitors that launched first.
The firm filed an updated prospectus with the SEC that outlines a fee structure setting the lowest cost among all spot Solana ETFs in the United States and waiving all fees on the first $5 billion in assets under management. The decision aims to create a cheap and regulated access point for institutions and retail investors seeking direct exposure to SOL.
Franklin Templeton Seeks to Replicate Bitcoin ETF Success
The ETF enters the market with the goal of capitalizing on the interest in alternative financial products, a trend reinforced by the newly launched XRP and Dogecoin funds that confirmed investors are looking beyond Bitcoin and Ethereum. Franklin Templeton wants to secure that space with an aggressive structure that mirrors the approach used by Bitcoin ETFs at launch, when billions flowed in within weeks. The firm is betting that Solana will follow a similar pattern, supported by an ecosystem advancing rapidly in throughput, low costs, and growing activity across DeFi and meme tokens.
The market is already signaling that demand. Solana ETFs recorded $621 million in inflows through November 25, with Bitwise’s BSOL emerging as the largest source of incoming capital, including $111 million over the last two sessions. These flows show that institutions are strengthening their SOL positions despite the volatility that defined the crypto market in November.
Solana Has Yet to React to Its ETF Flows
However, the token’s price still has not responded. SOL is trading around $136, with a daily volume of $4.5 billion after a 13% drop, and showing a 2% weekly loss and a 32% monthly decline. Analysts such as Ali Martinez explain this behavior by pointing to two technical levels shaping the market: a firm resistance at $142, where investors accumulated roughly 13 million SOL, and a support at $120 that is preventing a deeper drop. If the price falls below that support, the likely scenario points to a retracement toward the $70 area.
Investors are tracking every move of the ETF because institutional volume will determine SOL’s direction over the coming weeks. Franklin Templeton expects its cost structure to trigger a major wave of inflows and shift the market’s current balance
