Franklin Solana ETF (SOEZ) is an exchange-traded fund that provides investors with targeted exposure to Solana (SOL), a high-performance blockchain platform known for its proof-of-history consensus mechanism and high transaction throughput. The fund holds SOL tokens directly as its primary asset, supplemented by short-term cash equivalents and collateral for potential futures contracts; it employs a passive management strategy to track the performance of SOL net of fees, without leverage or derivatives in its core holdings. Launched in 2025 by Franklin Templeton, a global investment management firm founded in 1947 and headquartered in San Mateo, California, SOEZ operates primarily in the United States, listing on the Cboe BZX Exchange to serve retail and institutional investors seeking cryptocurrency exposure within traditional brokerage accounts.
The ETF's core offerings include daily liquidity via exchange trading, competitive expense ratios optimized for long-term holding, and compliance with U.S. regulatory standards under the Investment Company Act of 1940, distinguishing it from spot crypto trusts or futures-based products. Franklin Templeton provides comprehensive investor resources such as real-time NAV tracking, tax reporting support, and educational materials on Solana's ecosystem applications in decentralized finance (DeFi), non-fungible tokens (NFTs), and scalable smart contracts.
In recent developments, Franklin Templeton expanded its crypto lineup with the SOEZ launch in mid-2025, following regulatory approvals for spot crypto ETFs; this marked a strategic shift into direct blockchain asset management amid surging institutional demand. The firm also announced partnerships with Solana ecosystem developers to enhance on-chain analytics integration for ETF holders and completed a seed funding round backed by prominent venture capital firms focused on Web3 infrastructure. These moves position SOEZ within Franklin Templeton's broader digital assets segment, which includes complementary products like the Franklin Bitcoin ETF and Ethereum ETF, targeting growth in North America and select international markets through authorized participants.