BREAKING: Solana ETF Shatters Barriers with Historic Hong Kong Approval - Asia’s First SOL Spot Fund Arrives
Hong Kong just rewrote the crypto rulebook.
REGULATORS WAKE UP
Financial watchdogs finally catch up to what traders knew years ago - institutional money wants direct crypto exposure. The approval stamp lands while traditional finance still debates whether blockchain is a passing fad.
ASIA'S SOLANA GAMBIT
Hong Kong positions itself as the region's digital asset hub, beating Singapore and Tokyo to the punch. The move signals serious institutional appetite for alternatives to Bitcoin and Ethereum dominance.
SPOT VS FUTURES SHOWDOWN
Unlike derivative-based products, this ETF holds actual Solana tokens - no synthetic exposure, no counterparty risk. Direct ownership meets regulatory blessing in a region hungry for crypto legitimacy.
Wall Street bankers are probably still trying to explain to clients why they need this - while charging 2% management fees for the privilege.
- Hong Kong approves the first-ever Solana (SOL) spot ETF, marking a major step in Asia’s crypto market.
- Solana’s price remains steady at $183.96 despite rising trading volumes and ETF excitement.
- Technical indicators suggest SOL is consolidating, with potential for a rebound toward $200 in late October.
The Hong Kong Securities and Futures Commission (SFC) has officially approved the region’s first solana (SOL) spot Exchange-Traded Fund (ETF), issued by China Asset Management (Hong Kong).
This makes Solana the third cryptocurrency to secure a spot ETF listing in Hong Kong, following Bitcoin and Ethereum. It is also the first Solana ETF launched in Asia, marking a historic moment for both the network and the region’s digital asset market.
The new fund, named the ChinaAMC Solana ETF (03460), will include RMB counters (83460) and USD counters (9460). The ETF is expected to list on the Hong Kong Stock Exchange on October 27, with each trading unit set at 100 and a minimum investment of about US$100 (HK$780).
The VIRTUAL asset trading platform supporting the fund is OSL Exchange, while OSL Digital Securities will serve as the sub-custodian.
ChinaAMC has already issued Bitcoin and ethereum spot ETFs, further positioning itself as a leading digital asset manager in the region. The Solana ETF carries a management fee of 0.99%, with custody and administrative fees capped at 1% of the sub-fund’s net asset value.
This results in an estimated annual recurring expense ratio of 1.99%. The fund will not make any distributions to shareholders.
Solana Price Holds Steady Despite ETF Approval
Despite the landmark ETF approval, the market price of Solana has not moved. Presently, SOL is trading at $183.96, down marginally from the higher values, but the 24-hour trading volume of SOL has jumped by 40% to $7.99 billion. Traders were seen by market observers to be holding off, possibly awaiting the ETF list date.
Crypto market analyst crypto Patel noted the fact that Solana’s TVL has achieved a 40-month max, where 58.8 million SOL are locked within the protocols of decentralized finance, the highest since 2022.
$SOL TVL MILESTONE HIT
If you're still sleeping on #Solana's fundamentals, this chart will WAKE YOU UP.
TVL (SOL terms) just hit its 40-month HIGH.
That means:
58.8M #SOL locked in DeFi (highest since 2022)$13.34B all-time peak in USD valueEcosystem adoption… pic.twitter.com/CTYafTxK7s
The network value of the total throughout the USD terms has hit approximately $13.34 billion, indicating increasing ecosystem action despite price consolidation.
Solana Could Rise Toward $200 If Demand Grows
According to TradingView data, the token trades on a consolidating range lower back after giving up the zone of $210–$220. Its 20-week growing average of $187.82 works as resistance, and the 50-week average of $183.12 as immediate help.
A fall through this support might cause correction towards $161, but the break through of $188 WOULD provoke fresh buying interest. Balanced momentum haunts technicals, where the RSI remains close to 49 and the MACD displays weak bearish pressure.
For the remainder of October, it could be trading between $175 and $195, but there might be upside towards $200–$210 should sentiment pick up throughout the market. The bullish trend remains in the longer term, as long as SOL remains above the 200-week support level of $101.97.
