New fund begins trading with staking rewards as demand for digital-asset exposure grows
Franklin Templeton has broadened its presence in the digital-asset market with the launch of a new Solana exchange-traded fund. The product arrives as traditional finance institutions accelerate participation in crypto, supported by a regulatory climate that has recently shifted toward clearer oversight.
A New Solana ETF on NYSE Arca
The Franklin Solana ETF, trading under the ticker SOEZ, began trading this week on NYSE Arca. The fund offers exposure to Solana’s market performance while incorporating staking rewards, a feature that has quickly become a benchmark for competitive Solana-based investment products.
Roger Bayston, Franklin Templeton’s head of digital assets, noted that Solana is emerging as a core layer of the digital economy due to its speed, low-cost transactions, and expanding developer ecosystem. He emphasized that its infrastructure supports a wide range of activity, from tokenized assets to next-generation financial applications—momentum that continues to draw institutional interest.
Growing Field of Solana-Focused Funds
While Franklin Templeton is a major entrant, it is not the first to introduce a Solana ETF. Crypto-native firms and large financial providers have rolled out similar offerings, reflecting strong demand for blockchain-based investment vehicles. Earlier this year, REX-Osprey launched the first U.S. Solana ETF incorporating staking rewards, setting an early precedent for the space.
The rollout comes amid an environment where the U.S. regulatory stance on digital assets has become more accommodating, enabling more rapid ETF approvals and clearer listing standards. Investor attention has also been heightened by high-profile endorsements; during a recent interview, Anthony Scaramucci highlighted Solana’s growing adoption and predicted it would remain among the sector’s strongest performers.
This latest ETF underscores rising confidence in Solana’s role within the broader digital-asset ecosystem, signaling expanding avenues for institutional participation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.