Franklin Templeton is the latest financial institution to join the spot Solana (SOL) ETF bandwagon. The firm has filed an 8-A with the SEC, moving closer to launching its own SOL ETF. Franklin Templeton recently opened its doors to XRP as well, with the launch of the XRPZ ETF.
Will Solana Rally After Franklin Templeton’s ETF Filing?
Although ETFs have played a central role in the current market cycle, it is unclear if Franklin Templeton’s ETF filing will aid Solana’s (SOL) price. ETF inflows have taken a hit over the last two months, given the market scenario. Although the ETF filing is a bullish development, we may not see much inflows until the market recovers from its dip.
Although ETFs have played a key role in driving market prices in 2025, there is no guarantee that Solana (SOL) will rally due to an ETF launch. Bitcoin (BTC) and Ethereum (ETH) had very different reactions to their respective ETFs. While BTC hit multiple all-time highs after its ETF launch in 2024, ETH followed a different trajectory. ETH did not hit a new all-time high until August of this year. It is unclear which pattern Solana (SOL) will follow.
Will The Asset Recover Later This Year?
Solana (SOL) was among the best-performing cryptocurrencies of 2024. The asset had rallied by more than 400% in the yearly charts at one point. SOL also climbed to an all-time high of $263 in January of this year.
SOL’s rally in 2024 was especially commendable given that the asset faced a massive crash in 2022. SOL’s price fell to below $9 after the collapse of FTX. Since its 2022 lows, SOL’s price has come quite a long way.
Given Solana’s (SOL) resilience, it could be safe to say that the asset will eventually recover from the ongoing market crash.