Franklin's $1.6 Trillion Asset Management Enters SOL: Dual Approach with Staking + ETF, But Says Goodbye to $32.9 Million

[Crypto World] Franklin Templeton, which manages $1.6 trillion, has finally made a move. Their Solana ETF (SOEZ) is directly listed on NYSE Arca, and the strategy is pretty wild: it gives direct exposure to SOL prices, and up to 100% of the holdings can be staked to earn yields. They’re aiming for returns while also boosting network security.

This track has been crowded for a while—veterans like VanEck and Grayscale have already positioned themselves. But recent data is interesting: on December 4, Solana ETFs saw a net outflow of $32.9 million, with 21Shares’ TSOL losing the most; meanwhile, Bitwise’s BSOL attracted capital against the trend.

SOL’s price is also telling the truth. After a surge at the end of November, it has now pulled back nearly 10% and is hovering around $143. Institutions are scrambling for position, retail investors are on the sidelines, and market sentiment is just that tangled.