Hong Kong has simply made historical past by approving the world’s first spot Solana 
SOLUSDT exchange-traded fund (ETF), following the sooner approvals of Bitcoin and Ethereum spot ETFs, marking Solana because the third cryptocurrency to obtain such recognition within the area.
Following the information, Solana’s SOL jumped into the inexperienced, buying and selling round $184 after an extended interval of losses.
Solana ETF Makes Its Debut on HKEX
The ChinaAMC Solana ETF, issued by China Asset Administration Firm, will checklist on October 27 on the Hong Kong Inventory Trade beneath ticker 03460. Every buying and selling unit represents 100 SOL, with a minimal funding of about US$100, making it accessible to all buyers.
The Solana ETF will function beneath a well-structured and controlled framework. OSL Trade will deal with buying and selling and settlements, whereas OSL Digital Securities Ltd. will function the sub-custodian.
JUST IN: 🇭🇰 Hong Kong approves first spot Solana BINANCE:SOLUSDT ETF.
Unlike traditional funds, this ETF will track the Solana Market Price Index and hold real SOL tokens in secure, regulated wallets under Hong Kong’s digital asset rules.
By offering direct exposure to Solana’s token SOLUSDT, the ETF permits buyers to trace its worth with out holding the cryptocurrency immediately.
Institutional Confidence Rising On Solana
The approval comes amid rising institutional demand for Solana-based merchandise following the CME Group’s current itemizing of Solana futures choices on October 13, 2025.
Based on ChinaAMC, the SOL ETF goals to offer buyers quick access to Web3 property and assist the expansion of high-speed blockchain networks.
Main monetary establishments, together with JPMorgan, have projected that Solana ETFs might entice over $1.5 billion in inflows over the subsequent 12 months.
Why Hong Kong Authorised Solana First
Analysts consider that Solana was authorised because of its quick transactions, low charges, and rising use in DeFi and NFTs. Its community handles over 90 million transactions every day.
Institutional holdings have risen 230%, with corporations like Ahead Industries and Helius shopping for SOL for staking and reserves.
ETF analyst Nate Geraci mentioned Hong Kong is forward of the U.S., and the Solana ETF might result in different blockchain ETFs like Cardano and Avalanche, as soon as frameworks mature.
With main ETF issuers like VanEck, Constancy, and 21Shares nonetheless awaiting U.S. clearance, Hong Kong’s regulatory confidence in Solana might form the subsequent wave of cryptocurrency-led monetary innovation worldwide.
