Roger Bayston, who leads digital assets at the firm, said Solana has become fundamental infrastructure for the emerging digital economy.
Solana News
A major traditional asset manager joined the rush into Solana investment products on Wednesday, launching a fund that combines spot exposure with network staking income.
Franklin Templeton's SOEZ began trading on NYSE Arca, giving investors access to both Solana price movements and the yield generated from securing the network. Roger Bayston, who leads digital assets at the firm, said Solana has become fundamental infrastructure for the emerging digital economy.
The blockchain's performance characteristics attract developers building everything from tokenized real-world assets to next-generation financial applications, Bayston explained in a statement. That sustained momentum continues to draw interest from both technical builders and institutional capital.
Franklin Templeton arrived late to the Solana ETF category. Crypto-focused issuers, including Canary Capital, Bitwise, and Grayscale, all launched competing products earlier this year, as did traditional Wall Street firms like Fidelity and VanEck. REX-Osprey pioneered the staking-enabled structure back in July.
The broader ETF landscape for digital assets has exploded in recent weeks. Firms have rolled out funds tracking everything from Chainlink to Dogecoin, taking advantage of a dramatically friendlier regulatory environment under the current SEC leadership.
The securities regulator has streamlined approval processes and provided clearer guidance on acceptable fund structures, allowing products to reach market much faster than in previous years. The shift began roughly a year ago when the second Trump administration took office.
SkyBridge Capital founder Anthony Scaramucci promoted Solana's potential during a CNBC appearance Wednesday, revealing he's publishing a book titled "Solana Rising." The former White House communications director said he expects Solana to emerge as a major winner while emphasizing that multiple blockchain platforms can succeed simultaneously.
Franklin Templeton already offers ETFs for Bitcoin, Ethereum, and XRP, plus a diversified crypto index fund. The SOEZ launch expands the firm's digital asset lineup as traditional finance continues integrating cryptocurrency exposure into standard investment vehicles accessible through regular brokerage accounts.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
