Franklin Templeton is the most recent monetary establishment to affix the Spot Solana (SOL) ETF bandwagon. The corporate has filed an 8-A with the SEC and is near launching its personal SOL ETF. Franklin Templeton just lately opened as much as XRP with the launch of the XRPZ ETF.
Will Solana Rise After Franklin Templeton ETF Submitting?
ETFs play a central position within the present market cycle, however it’s unclear whether or not Franklin Templeton’s ETF submitting will assist Solana’s (SOL) value rise. Given the market situation, ETF inflows have taken a success within the final two months. Whereas ETF filings are a bullish growth, we might not anticipate to see a lot influx till the market recovers from its decline.
Whereas ETFs have performed an vital position in driving market costs in 2025, there isn’t a assure that the launch of an ETF will trigger Solana (SOL) to rise. Bitcoin (BTC) and Ethereum (ETH) responded very in another way to their respective ETFs. Whereas BTC hit a number of all-time highs after the ETF was launched in 2024, ETH adopted a unique trajectory. ETH didn’t attain a brand new all-time excessive till August of this 12 months. It’s unclear which sample Solana (SOL) will observe.
Will property get better later this 12 months?
Solana (SOL) was the most effective performing cryptocurrencies in 2024. The asset was up greater than 400% on the annual chart at one level. SOL additionally rose to a file excessive of $263 in January of this 12 months.
SOL’s rise in 2024 is particularly commendable provided that the asset confronted a serious sell-off in 2022. After the collapse of FTX, the worth of SOL fell under $9. For the reason that 2022 lows, SOL value has made appreciable progress.
Given Solana’s (SOL) resilience, it is secure to say that this asset will finally get better from the continued market crash.
