Best Altcoins to Buy as Franklin Templeton Prepares to Launch Spot Solana ETF

A huge shift started in late October when Bitwise’s spot Solana ETF began trading on the NYSE, following the SEC’s September approval of generic crypto ETF listing rules. Since then, issuers like VanEck and Fidelity have rolled out their own spot Solana ETFs – turning SOL into a hugely popular Wall Street product.

Since then, spot Solana ETFs have racked up 20 consecutive days of net inflows. They’ve raised roughly $570 million, and pushed their combined assets toward $1 billion.

Now Franklin Templeton is joining the party – and they aren’t wasting time. By jumping in so soon after the first wave of ETFs, they’re proving this is the start of a long-term accumulation game.

And for retail investors, this means capital won’t stay stuck in SOL forever – it’s likely going to spill over. We dug through the crypto ecosystem to find where that capital could go next, picking out four of the best altcoins to buy as the ETF narrative heats up again.

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Franklin Templeton Files Form 8-A for “SOEZ”

Franklin Templeton just filed its Form 8-A with the SEC for “SOEZ,” which is effectively the final bell before trading kicks off. Usually, you see this filing happen just days – sometimes hours – before the fund goes live, so we’re looking at an imminent launch.

But the most notable part of the news is Franklin Templeton’s aggression. It’s waiving fees entirely on the first $5 billion in assets until 2026. That could start a fee war right out of the gate.

Here’s why this ETF launch could be big: Franklin already has almost $1.7 trillion in assets. However, they aren’t crypto natives and have historically been risk-averse toward digital assets.

Yet when they tell wealth managers that SOL is a “safe” allocation next to BTC, it changes the conversation for every pension fund and 401(k) out there. It validates SOL – and puts a massive structural bid under the token’s price.

4 Best Altcoins to Buy as New Spot SOL ETF Prepares to Launch

With Solana now tied into Wall Street, the next phase is simple: capital that’s poured into SOL won’t stay put. It will likely trickle outward – into projects driving the crypto ecosystem forward. Here are four names that stand to benefit the most from that rotation:

1. Bitcoin Hyper (HYPER)

Bitcoin Hyper (HYPER) is going viral right now because it tackles the elephant in the room: Bitcoin is safe, but it’s not built for DeFi. The team’s solution is a new Layer-2 network that runs on the Solana Virtual Machine (SVM) and anchors to Bitcoin.

Basically, you get the incredible speed of Solana – theoretically hitting 65,000 TPS – without giving up BTC’s gold-standard security. Analysts like Nazza Crypto think this setup could lead to activities such as meme coin trading and yield farming backed by Bitcoin.

And traders are jumping on this hybrid narrative fast. The HYPER token presale has already raised $28.5 million, and we’ve seen multiple whales investing six-figure sums to get positioned before the first DEX listing.

At $0.013335 per token, HYPER could be one of the best altcoins to buy if you’re looking for pre-listing alpha. Plus, with a 21 billion supply cap and a 41% staking yield (available in presale), the incentives are lined up to keep early buyers sticking around.

2. Rain (RAIN)

While everyone else is interested in the bigger names, Rain (RAIN) is a deep-level play on Solana’s financial maturity. It’s a decentralized lending protocol – but its hook is how it handles collateral like NFTs and illiquid tokens.

The investment thesis is the “wealth effect.” As spot ETFs push SOL’s price higher over time, early holders will “feel” rich but won’t want to sell to trigger a tax bill. Rain lets them borrow against those gains instead.

It’s basically a bet on the Solana ecosystem getting more sophisticated – moving beyond simple token swaps into credit markets. If the ETF causes a supply shock, the yields for lending SOL on Rain could get very interesting very quickly.

3. Maxi Doge (MAXI)

Most meme coins are just a cute mascot and a dream, but Maxi Doge (MAXI) is different. It’s leaning hard into the “degen” lifestyle – 1,000x leverage trades, energy drinks, and no safety net.

It’s targeting traders who live in the trenches, but it also offers genuine utility under the hood. For example, the team will be running weekly trading competitions where you can win MAXI or USDT based on your trading prowess.

Investors are excited by this pitch. The MAXI presale has raised $4.2 million so far, with tokens valued at $0.00027 so far. There’s a hard cap of 150.2 billion tokens – no infinite printing like DOGE – and early buyers can stake for a massive 73% APY while the presale is live.

Ultimately, Maxi Doge is getting attention because the team has a clear roadmap and tokenomics structure that suggests they’re in it for the long haul. That’s why MAXI could be one of the best altcoins to buy before hitting the open market.

4. Raydium (RAY)

Raydium (RAY) is essentially the Uniswap of Solana – it’s the main engine where the chain’s liquidity lives. Buying RAY is like a leveraged bet on the Solana ecosystem’s growth; if the Franklin Templeton ETF brings new volume to SOL, Raydium is likely to benefit.

The RAY investment case is all about that volume. Raydium uses a buyback-and-burn model funded by trading fees, so if we get a “Solana Season” where retail rushes in to trade, the supply of RAY shrinks.

According to the law of supply and demand, as supply shrinks, the RAY price is naturally going to appreciate (provided demand stays high). That’s why Raydium could be another of the best altcoins to buy right now.