Franklin Templeton Pushes for Solana ETF amid Strong Inflows, Will SOL Price Recovery Begin?

Core Insights - Franklin Templeton is set to launch its Solana ETF in the US market, responding to strong demand and inflows into the fund, positioning itself against competitors like Fidelity and Grayscale [1][2] - The ETF aims to track the CF Benchmarks Index and will charge a management fee of 0.19%, with fee waivers on the first $5 billion in assets until May 31, 2026 [4] Regulatory Filing - Franklin Templeton has submitted its final regulatory filing (Form 8-A) to the US Securities and Exchange Commission, indicating a potential imminent market debut for the Solana ETF [2][3] - The filing is considered a "green light" within the ETF industry, marking the last administrative step for listing [3] Market Performance and Price Recovery - The Solana price has seen a 30% decline over the past month but is showing signs of recovery after stabilizing at $125 [5][6] - Analysts predict a potential price target of $175.31 for SOL, suggesting a possible 25% upside from current levels [6] - Early signs of recovery are noted, with key resistance around $145, which, if surpassed, could lead to further advances towards the $155 zone [7] Inflows and Market Sentiment - Recent inflows into spot Solana ETFs have been significant, with $53 million recorded on November 25, and Bitwise Solana ETF reaching over $500 million in total inflows [4] - Market experts express optimism regarding a SOL price recovery, driven by renewed activity in the crypto market [5][6]