# EDGAR Filing Document

**Accession Number:** 0002057388
**File Stem:** 0000000000-25-008652
**Filing Date:** 2025-8
**Character Count:** 4180
**Document Hash:** 1a8d5f616df321c158485483ed03115e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-008652.hdr.sgml**: 20260407

**ACCESSION NUMBER**: 0000000000-25-008652

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250815

**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

```

                                                            August 15, 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. 2 to Registration Statement on Form S-1
           Filed July 31, 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. Unless
we note
otherwise, any references to prior comments are to comments in our July 3, 2025
letter.

Amendment No. 2 to Registration Statement on Form S-1
General

1.     We note your response to prior comment 2, including your statement that
the Trust
       will provide further information related to the staking program in a
subsequent
       amendment. Please confirm your understanding that we may have additional
       comments upon review of a materially complete description of your
staking program,
       including disclosure in response to prior comment 2. In addition, to the
extent your
       liquidity risk policies and procedures for your staking program are
intended to be
       consistent with the exchange's proposed generic listing standards,
please revise your
       disclosure accordingly.
 August 15, 2025
Page 2

The Index Administrator and Secondary Index Provider, page 140

2.    We note your response to prior comment 15 and re-issue in part. Please
file the Index
      Administrator Agreement and the Secondary Index Agreement as exhibits to
the
      registration statement pursuant to Item 601(b)(10) of Regulation S-K or
tell us why it
      is not required.
U.S. Federal Income Tax Consequences, page 140

3.    We note your response to prior comment 16. We also note that your
discussion of tax
      consequences is still based on the assumption that the Fund will be
treated as a grantor
      trust for U.S. federal income tax purposes. Please revise to provide an
opinion of
      counsel as to the tax consequences and describe the reasons for and level
of any
      uncertainty associated with grantor trust status.
       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._