US-based investment holdings firm Franklin Templeton’s Solana ETF has officially begun live trading on the New York Stock Exchange (NYSE) Arca platform.
The launch comes as multiple Solana ETFs have recently entered a period of increased positive inflows with total assets reaching more than $933 million.
Franklin Templeton’s entry into the space marks one of the largest traditional finance institutions to launch a Solana ETF.
The firm reports more than $1.6 trillion in current assets under management as of Dec. 2.
It remains to be seen if the Franklin Templeton ETF will contribute further to SOL’s return to the $200+ mark it last held in October.
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