Solana, Tokenized Finance and Today’s Crypto Rebound: How RWAs and ETFs Could Power the Next SOL Price Surge (Dec 3, 2025)
Franklin Templeton’s Solana spot ETF began trading on NYSE Arca after approval, sending SOL up 17% intraday amid a supply squeeze. Kraken is acquiring Backed Finance, operator of the xStocks platform on Solana and Ethereum, which has surpassed $10 billion in volume. CME Group launched new crypto benchmarks including Solana. SOL rebounded above $135 after a sharp drop from January highs.