Bullish for SOL as Hong Kong’s First Spot Solana ETF Goes Live on Oct 27

Hong Kong Approves the First Spot Solana ETF

In a major step for the global cryptocurrency market, Hong Kong’s Securities and Futures Commission (SFC) has approved the first Spot Solana ETF, scheduled to go live on October 27, 2025. Managed by China Asset Management Company (ChinaAMC), the ETF will trade on the Hong Kong Stock Exchange under ticker code 03460, with units priced across HKD, RMB, and USD.

This approval makes Solana the third cryptocurrency, after Bitcoin and Ethereum, to receive a regulated ETF product in Hong Kong. The move is a strong signal of Asia’s growing leadership in digital asset innovation, placing the city ahead of the United States, where similar ETF approvals remain delayed.

According to The Block, the ETF will hold physical SOL tokens and provide direct price exposure through a regulated financial product, eliminating the need for private key management or digital wallets. It will feature an annual management fee of 0.99% and trade in lots of 100 SOL per unit, making it accessible for both institutional and retail investors.

Why the Spot Solana ETF Matters

The Hong Kong Spot Solana ETF Oct 27 launch signals a major milestone for Solana’s institutional adoption. Solana (SOL) has seen rapid growth in decentralized finance (DeFi), NFTs, and real-world applications thanks to its high-speed, low-fee network that processes tens of millions of transactions daily.

Analysts from J.P. Morgan note that the ETF could attract up to $1.5 billion in inflows during its first year, a testament to growing institutional demand for Solana-based products. The ETF’s launch comes shortly after the CME Group began listing Solana futures options earlier this month, further embedding SOL into regulated financial markets.

This development strengthens Hong Kong’s position as a leading hub for digital assets in Asia, competing directly with Singapore and Dubai in attracting institutional capital.

A Boost for Solana’s Market Sentiment

Following the announcement, SOL’s price surged past $184, continuing its recovery after a volatile quarter. Market experts see this as a strong bullish signal, noting that access to traditional investment channels through ETFs tends to boost liquidity and price stability.

ChinaAMC confirmed that the fund’s custody and trading will be managed by OSL Digital Securities, a licensed Hong Kong entity specializing in institutional crypto services. The structure provides an added layer of transparency and regulatory oversight that appeals to international investors.

Also read: our explainer on what crypto ETFs mean for Wall Street’s new obsession to understand why exchange-traded funds are reshaping digital finance.