Solana (SOL) Surges as Hong Kong Greenlights Historic First Spot ETF - Global Adoption Accelerates

Hong Kong just fired the starting gun on Solana's institutional revolution.

The Regulatory Breakthrough

Asian financial hub approves first-ever Solana spot ETF, catching traditional finance players flat-footed while crypto-native investors cheer the validation.

Global Domino Effect

Market momentum builds globally as SOL price action reflects growing institutional confidence - because nothing says 'serious asset' like Wall Street finally figuring out how to package it.

Another blockchain protocol graduates from crypto Twitter debates to mainstream financial infrastructure - watch traditional asset managers scramble to understand proof-of-history while the early movers cash in.

China Asset Management will charge a management fee of 0.99%. Custody and administrative costs are capped at 1% of net asset value.

The total estimated annual expense ratio stands at 1.99%. The fund will not distribute dividends to investors.

Structure and Investment Details

Each trading unit consists of 100 shares. The ETF will offer both RMB and USD trading counters.

China Asset Management already operates Bitcoin and Ethereum spot ETFs in Hong Kong. The firm introduced a localized Chinese name for Solana called “Solala” as part of its regional branding.

Solana currently has a market capitalization of $100.8 billion. This ranks it as the sixth-largest cryptocurrency globally according to CoinGecko data.

The blockchain sits behind Bitcoin, Ethereum, Tether, Binance Coin, and Ripple. It trades above USD Coin in market value.

US Market Developments

The 21Shares Solana Spot ETF received approval in the United States earlier this month. The SEC cleared the Form 8-A filing, allowing the product to custody SOL and trade on a major American exchange.

🚨 Solana Spot ETF approved – SEC approves @21shares 8-A. https://t.co/39k1jSAbJy pic.twitter.com/nOCm8eG5mf

— Solana Daily (@solana_daily) October 17, 2025

Several other asset managers have received approval for Solana spot ETF proposals. VanEck, Bitwise, Grayscale, Canary Capital, Franklin Templeton, Fidelity, and CoinShares are among the approved issuers.

These products are expected to list soon. The 21Shares product may include staking features, which could attract institutional investors.

Solana supports decentralized applications, decentralized finance, and non-fungible tokens. The blockchain is known for its transaction speed and scalability.

The Solana price has declined 2% year-to-date in 2025. This contrasts with Bitcoin and Ethereum, which have each risen around 14% during the same period.

Some analysts forecast SOL could rally toward $300 if institutional demand increases. The ETF approvals provide traditional investors with regulated access to Solana exposure.

Hong Kong now offers spot ETFs for three major cryptocurrencies. The city positions itself as a leading hub for regulated digital assets in Asia.

The OSL Exchange is one of the few licensed VIRTUAL asset trading platforms in Hong Kong. The platform will facilitate trading for the new Solana ETF.