A key ETF filing just gave Solana a well-timed boost, and analysts say this could mark a major turning point for the asset.
Franklin Templeton has filed Form 8-A with the SEC for its Franklin Solana ETF, a move that basically puts the fund in its final stage before it starts trading. The filing was submitted on November 25, and it signals that the ETF could be listed on NYSE Arca as early as November 26, or shortly after.
This step matters because Form 8-A is usually the last big requirement before a new ETF can hit the market. The Solana ETF will offer spot exposure backed by actual SOL holdings and will track the CF Benchmarks Solana Index. Franklin is using the same setup it already applies to its Bitcoin, Ethereum, and newly launched XRP ETFs.
The timing couldn’t be better for Solana. Since late October, U.S. Solana ETFs have quietly become one of the strongest performers among altcoin products. The group has now seen 20 straight days of inflows, including almost $58 million on November 25 alone. Total inflows have already passed $560 million, showing that institutional demand for SOL is growing fast.
More players are entering the space too. Canary Capital and Fidelity recently launched their own Solana products, adding more liquidity and giving investors fresh options. This steady demand has helped push SOL back into the mid-$140 range, with analysts crediting both ETF buying and the broader move toward regulated altcoin exposure.
For Franklin Templeton, the Solana ETF is part of a rapid expansion into crypto. Just a day earlier, the firm launched its spot XRP ETF, which attracted strong inflows right out of the gate. The company has also updated filings for a multi-asset crypto ETF that blends Bitcoin, Ethereum, Solana, XRP, and Cronos, and it has even registered a Chainlink Trust as it looks ahead to tokenization-focused assets.
With the Form 8-A now complete, the Franklin Solana ETF is essentially ready to go live. If trading begins in the coming days, it will enter a market that’s already showing powerful and consistent demand for SOL exposure — setting the stage for what could be the next big phase of altcoin ETFs going into 2026.
