Franklin Templeton Expands Its Digital Asset ETP Suite With Launch of Franklin Solana ETF (SOEZ)
Franklin Resources, Inc. (BEN)
Last franklin resources, inc. earnings: 4/30 08:30 am
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Source: Business Wire
SOEZ provides institutional access to one of the fastest growing blockchain networks through a regulated, transparent ETF structure SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton, a global investment leader with more than $1.6 trillion in assets under management, today announced the launch of Franklin Solana ETF (NYSE Arca: SOEZ) (the “Fund”), an exchange traded product (ETP) designed to provide investors with exposure to the price movements of Solana (SOL), the native token of one of the most active and scalable blockchain networks. SOEZ seeks to reflect generally the performance of the price of Solana and the rewards from staking as much of the Fund’s Solana as is practicable (up to 100%), before payment of the Fund’s expenses and liabilities. The Fund receives staking rewards in the form of Solana tokens (SOL), which may be treated as income. Staking Solana on the network may also enhance network security and stability. The Fund’s SOL cash value is calculated by valuing
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