Franklin Templeton's Solana ETF begins trading on NYSE Arca

Source: CryptoBriefing Original Title: Franklin Templeton’s Solana ETF begins trading on NYSE Arca Original Link: https://cryptobriefing.com/franklin-templeton-solana-etf-launches-nyse-arca-soez/

Key Takeaways

• Franklin Templeton has launched a Solana ETF, which trades under the ticker SOEZ on NYSE Arca.
• This ETF provides regulated access to SOL, the native token of the Solana blockchain.

Content

Franklin Templeton’s Solana ETF began trading today on NYSE Arca under the ticker SOEZ, providing investors with regulated exposure to SOL, the native token of the Solana blockchain platform known for decentralized applications in DeFi and NFTs.

The launch follows SEC approval of Franklin Templeton’s filing for the crypto ETF. The asset manager now competes with similar funds from Fidelity, Bitwise, VanEck, 21Shares, and Grayscale in the digital asset ETF space.

Commenting on the launch, Roger Bayston, who leads digital assets at Franklin Templeton, said Solana’s speed, low-cost transactions, and expanding use cases make it an increasingly important layer in 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 gives investors a regulated and transparent way to participate in a network that could shape how digital infrastructure will operate in the years ahead.”

Solana has emerged as a prominent blockchain platform supporting decentralized applications across the DeFi and NFT sectors, making it an attractive underlying asset for institutional investment products.