Franklin Templeton Set to Launch Solana ETF with Lowest Fee

Franklin Templeton, a widely known asset manager, is poised to debut its Solana exchange-traded fund (ETF) later today.

Unlike existing SOL-based ETFs, Franklin Templeton’s financial product will have the lowest fee, pegged at 0.19%. It would also waive fees on the first $5 billion in assets under management (AUM) it accumulates between its first trading day and May 31st, 2026.

Cheapest Solana ETF Fee So Far

In late October 2025, the United States Securities and Exchange Commission (SEC) approved the first-ever Solana ETF. This way, investment companies can allow users to gain exposure to SOL, the blockchain’s native coin.

According to on-chain data from SoSoValue, six companies have launched their Solana ETFs, which have collectively amassed over $621 million from investors. These firms are Bitwise (BSOL), Grayscale (GSOL), 21Shares (TSOL), Fidelity (FSOL), VanEck (VSOL), and Canary Capital (SOLC).

Presently, Bitwise charges the lowest fee of 0.2%. On the other hand, Grayscale and Canary Capital charge the highest fees at 0.35% and 0.5%, respectively.

By introducing the lowest fee yet, Franklin Templeton is positioning itself to capture more market share from other issuers. Bitwise holds the largest SOL balance among the issuers, currently capped at $514.46 million, representing 0.77% of the total Solana ETF inflow. Time would tell if Franklin Templeton would surpass Bitwise in the long run.

Franklin Templeton noted in its SEC filing that the American stock exchange, NYSE Arca, would list the Solana ETF under the ticker SOEZ. Coinbase Custody will serve as the SOL custodian for the financial product, while the Bank of New York Mellon will be the administrator and cash custodian. 

Impact on SOL

Recall that when the SEC approved the Bitcoin ETF in January 2024, its price did not experience any significant surge until later that year. Although other factors, such as Donald Trump’s election success, played key roles in driving BTC’s surge, Bitcoin ETF inflows also contributed to pushing the apex coin’s price higher.

Presently, it remains to be seen how the cash inflow recorded in Solana ETFs would impact SOL’s price. The coin currently trades at $135, a price level it has traded around since the debut of the Solana ETF in the U.S. Still, it is likely that a lineup of factors, including the Solana ETF, will collectively help raise the coin to higher price levels.

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