Franklin Templeton is the latest financial institution to join the Spot Solana (SOL) ETF bandwagon. The company has filed an 8-A with the SEC and is close to launching its own SOL ETF. Franklin Templeton recently opened up to XRP with the launch of the XRPZ ETF.
Will Solana Rise After Franklin Templeton ETF Filing?
ETFs play a central role in the current market cycle, but it’s unclear whether Franklin Templeton’s ETF filing will help Solana’s (SOL) price rise. Given the market scenario, ETF inflows have taken a hit in the last two months. While ETF filings are a bullish development, we may not see much inflow until the market recovers from the selloff.
While ETFs have played an important role in driving market prices in 2025, there is no guarantee that the launch of an ETF will cause Solana (SOL) to rise. Bitcoin (BTC) and Ethereum (ETH) responded very differently to their respective ETFs. While BTC hit multiple all-time highs after the ETF was launched in 2024, ETH followed a different trajectory. ETH did not reach a new all-time high until August of this year. It is unclear which pattern Solana (SOL) will follow.
Will assets recover later this year?
Solana (SOL) was one of the best performing cryptocurrencies in 2024. The asset was up more than 400% on the annual chart at one point. SOL also rose to a record high of $263 in January of this year.
SOL’s rise in 2024 is especially commendable given that the asset faced a major sell-off in 2022. After the collapse of FTX, the price of SOL fell below $9. Since the 2022 lows, SOL price has made considerable progress.
Given Solana’s (SOL) resilience, it’s safe to say that this asset will eventually recover from the ongoing market crash.
(Tag translation) Solana
