Are exchange-traded funds (ETFs) gaining traction in the crypto realm? The recent XRP ETF, Dogecoin ETF, Trump coin ETF, and even Canada’s debut Solana spot ETF depict that ETFs are going crazy with a lot of investors. That said, Franklin Templeton has now registered Form 8-A with the U.S. Securities and Exchange Commission (SEC) for the Solana ETF.
The firm submitted the S-1 amendment on November 21, and the current Form 8-A filing indicates progress in the ETF application process, meaning the fund is now in one of the final regulatory steps before launch.
For the uninitiated, a crypto ETF has to go through 5 major steps prior to a complete launch: S-1 filing, 19b-4 filing, Form 8-A filing, Final SEC effectiveness notice, and ETF launch.
For Franklin Templeton, the Solana ETF is not its debut crypto ETF. In February 2025, they rolled out the Crypto Index ETF (EZPZ), which includes a basket of coins like Bitcoin and Ethereum. Also, their spot XRP ETF is also significant, which was recently launched on the NYSE Arca exchange.
Solana ETFs glow with high inflows
At the moment, altcoin ETFs are going through unprecedented growth, with Solana ETFs experiencing a higher inflow. Solana ETF inflow jumped from $41 million in July to $58 million in November, as investor and institutional demand increased.
Moreover, Solana ETFs have been undergoing huge inflows since October 2025.
If Franklin Templeton’s Solana ETF launches, analysts predict it will draw the attention of more investors, and inflows will further surge.
Crypto ETFs grow in number
When the US approved the first ETF known as BITO or Bitcoin ETF by ProShares in October 2021, no one knew that this niche of the digital asset industry would grow with more crypto ETFs.
The mid-2025 period has a lot of ETF stories to tell, as this was the time when these funds saw exponential growth. Remember Bitwise’s Dogecoin ETF, Canary Capital’s XRP ETF, and 21Shares’ Sui ETF, and the launch of Grayscale’s Dogecoin (DOGE) and XRP spot ETFs? Besides, several other crypto ETFs also gained momentum in mid-2025.
Some investors prefer crypto ETFs as they remove the hassles and risks of holding actual crypto. Crypto ETFs are regulated products, and are managed by well-known asset managers like Canary Capital or Franklin Templeton. Investors do not have to manage private keys or a wallet, unlike holding crypto from an exchange.
On top of that, investors do not have to hold actual crypto because they are buying the shares of the ETF. This reduces the risk of exploitation or hacks.
