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![]() Message: Ideas determine financial resources. Thoughts determine destiny (qq: 1255277313) The institutionalization process of Solana (SOL) reached a milestone in November 2025: Global asset management giant Franklin Templeton has submitted a Form 8-A registration document to the U.S. Securities and Exchange Commission (SEC) for its Solana ETF. This key administrative step, which typically means the product is about to begin trading, formalizes Solana’s status as the third cryptoasset to gain mainstream institutional recognition, after Bitcoin and Ethereum. ![]() 01 Franklin Templeton’s strategic moves Form 8-A is a mandatory registration document before assets are listed on a stock exchange. Franklin Templeton’s move indicates that its Solana ETF has entered the countdown stage for listing. This traditional financial giant, which manages more than US$1 trillion in assets, is using practical actions to promote Solana into a wider institutional investment horizon. It is worth noting that Franklin Templeton has already deployed in the field of crypto assets. Just on November 24, the company announced that its Franklin Crypto Index ETF would expand its investment portfolio from just Bitcoin and Ethereum to include Solana, XRP, Dogecoin and other tokens. This series of actions shows that traditional financial institutions are actively embracing diversified crypto assets. ![]() 02 A clear signal of the influx of institutional funds At the same time as Franklin Templeton's filing, existing Solana ETFs on the market have demonstrated strong capital-absorbing capabilities. Bitwise Asset Management’s Solana ETF just hit a record single-day inflow of $39.5 million, the largest single-day inflow since the product’s launch. The influx of huge funds is a clear sign that institutional investors are allocating to Solana as an asset class separate from Bitcoin and Ethereum. The Solana ETF's strong performance comes in stark contrast despite recent challenges for the overall crypto market, which has seen roughly $1.94 billion in total outflows from cryptocurrency investment products in recent weeks. This shows that institutions are not withdrawing from the market, but are re-allocating capital and focusing on blockchain networks with practical utility and long-term growth potential. 03 Positive response to market prices Solana's price has already reacted positively to the positive news. After the early adjustment, SOL rebounded strongly from the low of $121.50, successfully regained the range of $135-140, and achieved a 14% price recovery. While SOL price is still down about 30% over the past month, it has shown remarkable resilience at the key support band of $125-130. This support area is regarded by analysts as the cornerstone of Solana's current market structure, and its stability is crucial for subsequent gains. Derivatives market data shows that investors still maintain a certain degree of caution. Negative funding rates and declining open interest indicate a defensive mindset among traders, and market sentiment has not yet fully synchronized with positive ETF inflows. 04 Strong support from network fundamentals Solana's strong network fundamentals are a core reason for attracting institutional interest. Among all major blockchain networks, Solana leads in terms of active addresses and daily transaction volume. Solana’s user activity has increased by 13% over the past month, while Ethereum’s activity has declined by 15% during the same period. This strong performance of user growth fully proves the development vitality and practical value of the Solana ecosystem. Meanwhile, the SIMD-0411 proposal being discussed by the Solana community proposes increasing the deflation rate from 15% to 30%. If passed, this change would reduce emissions by approximately 22.3 million SOLs over the next six years, equivalent to a reduction of approximately $2.9 billion at current prices. The reduction in supply combined with the increase in institutional demand may create a strong driving force for price increases. 05 Positive changes in the regulatory environment The SEC’s policy changes have also created a favorable environment for the Solana ETF. The U.S. Securities and Exchange Commission recently simplified the registration and listing procedures for cryptocurrency ETFs and introduced new "technical guidance." This change allows compliance applicants to choose between "automatic effect" (effective 20 days after submission) or "quick approval", which is expected to significantly shorten the time required for listing. At the same time, the SEC has approved applications from Nasdaq, New York Stock Exchange Arca and CBOE BZX exchanges to allow ETFs that meet the "general listing standards" to be listed directly without case review. This regulatory shift, synchronized with the announcement of the approval of the Grayscale Digital Large Cap Fund, means that it will be easier for multiple digital asset ETFs, including Solana, to enter the market in the future. 06 Outlook for future price trends Marco is optimistic about Solana’s future price trend. Marco believes that if SOL can hold the key support level of $125, it may challenge the upward target of $163, $170, and eventually even $195-243. Strong ETF demand combined with solid network fundamentals positions Solana for a broader market recovery. While macro uncertainty remains, Solana's ability to attract record levels of institutional capital while experiencing significant market volatility is a testament to the market's strong confidence in its long-term value. If current momentum is maintained, Solana is likely to test higher resistance areas soon, cementing its position as the most resilient high-performance blockchain of 2025. Article summary: The Solana ecosystem is experiencing both supply-side contraction (through the inflation rate proposal) and demand-side expansion (through the ETF channel). This dual benefit creates strong fundamental support for its market performance. When traditional financial giants such as Franklin Templeton begin to embrace Solana, when regulatory channels gradually become clearer, and when institutional funds continue to flow in, we see not only the rise of an asset, but also a new chapter in the maturity of the entire crypto asset class. 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