Franklin Templeton Files for Solana ETF One Day After XRP Filing

Franklin Templeton has filed for a Solana based exchange-traded fund (ETF) with the US Securities Exchange Commission ( SEC ) just one day after requesting an XRP ETF.

With over $1.5 trillion in assets under management, the move makes Franklin Templeton the largest asset manager to file for a SOL ETF.

Franklin submitted its 19b-4 filing on March 12, one mont after registering a trust in Delaware to support the potential launch of the Solana ETF.

Once the SEC formally acknowledges the filing, it will be published in the Federal Register, triggering the regulatory body’s review process. The proposed spot Solana ETF would track Solana’s market price, allowing investors to gain exposure to the cryptocurrency without needing to hold SOL.

Franklin Templeton’s Solana ETF filing also comes one day after the asset manager filed for a spot XRP ETF with the SEC.

"The Franklin XRP ETF series of the Trust (the “Fund”) issues shares representing fractional undivided beneficial interests in its net assets. The assets of the Fund consist primarily of XRP held by a custodian on behalf of the Fund. The Fund seeks to reflect generally the performance of the price of XRP," the $1.6 trillion asset manager said in its filing.

Bloomberg analysts estimate that Solana ETFs have a 70% chance of receiving SEC approval by 10 October 2025.

Bloomberg analyst James Seyffart told the Block , "I don't think it's particularly newsworthy or noteworthy...mostly to be expected. But a big asset manager like Franklin throwing their hat in the ring for solana isn’t completely meaningless."

Excitement over Solana ETFs briefly sent the price of SOL as high as $130 but the altcoin has slipped back down to $123.43 at the time of writing, marking a 17% decline over the week.