Franklin Templeton, with over $1.6 trillion in assets under management, has launched the Franklin Solana ETF (SOEZ) on the New York Stock Exchange Arca, intensifying competition among institutional investors to invest in the Solana network. This ETP offers direct exposure to SOL prices and stakes up to 100% of its holdings to generate additional yield, aiming to enhance investor returns while supporting network security. Previously, companies such as VanEck and Grayscale have also launched similar products. Despite active participation from institutional investors, recent data shows mixed market sentiment. On December 4, the Solana ETF saw a net outflow of $32.9 million, with 21Shares’ TSOL experiencing the largest outflow, while Bitwise’s BSOL saw inflows. Affected by market volatility, the price of SOL has pulled back nearly 10% from its late November high and is currently trading at around $143.02.
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Franklin Templeton teams up with SOEZ to join the Solana ETF race—click here for details!
Franklin Templeton, with over $1.6 trillion in assets under management, has launched the Franklin Solana ETF (SOEZ) on the New York Stock Exchange Arca, intensifying competition among institutional investors to invest in the Solana network. This ETP offers direct exposure to SOL prices and stakes up to 100% of its holdings to generate additional yield, aiming to enhance investor returns while supporting network security. Previously, companies such as VanEck and Grayscale have also launched similar products. Despite active participation from institutional investors, recent data shows mixed market sentiment. On December 4, the Solana ETF saw a net outflow of $32.9 million, with 21Shares’ TSOL experiencing the largest outflow, while Bitwise’s BSOL saw inflows. Affected by market volatility, the price of SOL has pulled back nearly 10% from its late November high and is currently trading at around $143.02.