# EDGAR Filing Document

**Accession Number:** 0002057388
**File Stem:** 0000000000-25-010816
**Filing Date:** 2025-11
**Character Count:** 3400
**Document Hash:** 909425af08502ecc728d5688919b1d76
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-010816.hdr.sgml**: 20260407

**ACCESSION NUMBER**: 0000000000-25-010816

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251118

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Solana Trust
- **CENTRAL INDEX KEY:** 0002057388
- **STANDARD INDUSTRIAL CLASSIFICATION:** [6221]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-285121

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403
- **BUSINESS PHONE:** (650) 312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001137439-25-000111

## Text-Extract

```

                                                            November 18, 2025

David Mann
President and Chief Executive Officer
Franklin Solana Trust
c/o Franklin Holdings, LLC
One Franklin Parkway
San Mateo, CA 94403-1906

       Re: Franklin Solana Trust
           Amendment No. 4 to Registration Statement on Form S-1
           Filed September 26, 2025
           File No. 333-285121
Dear David Mann:

     We have reviewed your amended registration statement and have the
following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Amendment No. 4 to Registration Statement on Form S-1
General

1.     We note your disclosure on the cover page and elsewhere in the
prospectus that the
       Sponsor may seek to use or hold liquid staking tokens in the future.
Please confirm
       your understanding, and revise your disclosure to clarify, that the Fund
is not
       currently permitted to hold liquid staking tokens under the Exchange's
generic listing
       standard.
Prospectus Summary
Solana Staking Activities, page 4

2.     You state here that the Fund will receive a portion of the Staking
Rewards earned
       through Staking Activities and the remaining portion of the Staking
Rewards will be
 November 18, 2025
Page 2

      retained by the Staking Provider. Please revise to quantify the
percentages of the
      Staking Rewards that will be retained by each of the Fund and the Staking
Provider.
       Please contact Rolf Sundwall at 202-551-3105 or Mark Brunhofer at
202-551-3638 if
you have questions regarding comments on the financial statements and related
matters. Please contact Irene Paik at 202-551-6553 or Justin Dobbie at
202-551-3469 with
any other questions.

                                                         Sincerely,

                                                         Division of
Corporation Finance
                                                         Office of Crypto
Assets
cc:   J. Stephen Feinour, Jr.

```

### Attached PDF Documents

**Attachment 1:** `filename1`

_No text found in this document._