Franklin Solana ETF is an exchange-traded fund that provides investors with exposure to Solana cryptocurrency and its staking rewards through traditional securities accounts, eliminating the need for direct digital-asset custody and wallet management. The Fund operates as a passive, non-leveraged vehicle that holds Solana in cold storage with Coinbase Custody and enables secondary market trading on NYSE Arca, while allowing registered broker-dealers to create or redeem shares in large blocks. Revenue is derived primarily from an annual sponsor fee of 0.19% of net asset value, with the sponsor covering all ordinary operating expenses including custody, administration, and audit costs; staking rewards earned by the Fund are distributed monthly to shareholders.