Franklin includes XRP, SOL, and DOGE in ETF as Solana aims for $500 – Coinpaper
Franklin Templeton has announced the inclusion of new altcoins such as Solana, XRP, Dogecoin, Cardano, Stellar Lumens, and Chainlink in its crypto index ETF, expanding investors’ access to digital assets beyond Bitcoin and Ethereum. This decision comes as new regulatory guidelines have paved the way for broader exposure to cryptocurrencies. The updated benchmark index now tracks eight digital assets, reflecting the changing landscape of the crypto market and providing investors with a diverse portfolio.
The ETF is set to implement these changes starting on December 1, 2025, in accordance with the new Cboe rules that allow crypto funds to hold any token included in their approved benchmarks. This adjustment not only broadens the range of assets accessible to investors but also aligns the ETF with the evolving regulatory environment surrounding digital assets. Moreover, the index will undergo quarterly rebalancing to adapt to shifting market conditions, ensuring its relevance and effectiveness.
In addition to adding new assets, Franklin Templeton has introduced in-kind creation and redemption options for authorized participants, streamlining operational processes and enhancing the fund’s overall structure. These modifications are aimed at improving the efficiency and functionality of the ETF, offering investors a seamless and transparent investment experience.
While the ETF prepares for expansion, Solana, one of the newly added assets, continues to hover around a critical technical level. Currently trading at around $136, Solana has shown resilience near the $129 support band, which is just above the key $120 level. This support band has proven to be significant, triggering multiple rebounds throughout the year. However, a failure to hold above $120 could expose Solana to the next major support level near $70, highlighting the importance of maintaining current levels to avoid potential downside risk.
Analysts have identified a symmetrical triangle pattern forming on Solana’s long-term chart, indicating a compression between rising lows and falling highs. The asset is currently near the lower boundary of this pattern, with a breakout potential near the upper boundary at $210 to $220. Should Solana break out from this triangle, analysts project a measured target near $500, aligning with long-term momentum trends and signaling bullish sentiment among investors.
As Solana braces for potential growth and the ETF expansion, market observers are closely monitoring price movements and key technical levels to navigate the evolving cryptocurrency landscape. With Solana testing key support levels and eyeing significant breakout targets, investor sentiment remains optimistic as the digital asset market continues to demonstrate resilience and adaptability in response to changing market conditions.
