- Hong Kong approved the first-ever Solana spot ETF under ChinaAMC, set to launch on Oct 27.
- SOL’s 24-hour trading volume jumped 40% to $8B as investors piled in ahead of the ETF debut.
- Analysts expect a U.S. Solana ETF by 2025, with potential inflows up to $1.5B in its first year.
Hong Kong just made a major move — officially approving its first-ever Solana spot ETF. The Hong Kong Securities and Futures Commission (SFC) granted ChinaAMC the go-ahead to launch the product, marking a big milestone for both Solana and Asia’s growing role in the crypto ETF scene. According to the Hong Kong Economic Times, the ETF will be tradable in both USD and RMB, with each unit consisting of 100 shares and a minimum investment of around $100. Launch day? October 27 on the Hong Kong Stock Exchange.
OSL Exchange will serve as the trading platform, while OSL Digital Securities takes on sub-custodian duties. Management fees are set at 0.99%, with custody and admin fees capped at 1%, giving the ETF a total annual expense ratio near 1.99%. It’s not the cheapest product out there, but it’s a signal that Hong Kong’s aiming to build a serious framework for digital asset investing. This approval follows months of speculation, and the timing couldn’t be better for Solana — which has seen trading activity heating up fast.
Solana’s trading volume surges as ETF excitement spreads
Right after the ETF announcement, Solana’s 24-hour trading volume spiked 40%, jumping to $8 billion even though the token itself stayed flat around $184. It’s a clear sign that investors are positioning early, anticipating potential inflows once the ETF starts trading. Solana had reached above $230 earlier this month but pulled back around 16% with the rest of the market. Still, analysts like BitGuru say SOL remains in strong technical shape, holding firm above $180 — and that a push past $195 could set up a quick rebound toward $210 or even $220 in the short term.
On-chain data also shows renewed activity across the Solana ecosystem. After a few slow weeks dominated by meme coins on BSC, traders are flowing back into Solana platforms like Pump.fun, adding fuel to the bullish narrative. It feels like momentum is quietly building again, with the ETF news only adding to the excitement.
Could the U.S. be next in line?
While Hong Kong and Brazil have already paved the way with Solana ETFs, the United States still hasn’t pulled the trigger. Several big asset managers, including Bitwise, 21Shares, and VanEck, have pending applications for spot SOL ETFs, but the SEC’s progress has been slow — reportedly due to staffing shortages tied to the ongoing government shutdown.
Still, optimism is rising. Analysts expect a U.S. approval could land sometime in 2025, with JPMorgan estimating up to $1.5 billion in inflows during the first year alone. Institutional interest is clearly growing, and with Hong Kong now setting the tone for Asia, the pressure on U.S. regulators to keep up is higher than ever.
