In a groundbreaking Solana News update, Hong Kong’s Securities and Futures Commission has officially approved the China Asset Management Solana ETF, making it the third spot crypto ETF after Bitcoin and Ethereum.
The fund, set to debut on the Hong Kong Stock Exchange, allows trading in both Chinese yuan and U.S. dollars, with each unit consisting of 100 shares and a minimum investment of around $100.
Hong Kong’s Solana ETF Ignites Global Interest
This milestone positions Hong Kong ahead of the United States, which has yet to approve a Solana spot ETF. The Solana ETF will operate through OSL Exchange, while OSL Digital Securities will act as the sub-custodian.
The management fee is fixed at 0.99%, with total annual expenses estimated at 1.99%, offering investors a cost-effective way to gain exposure to the fast-growing Solana coin ecosystem.
ChinaAMC’s approval highlights Hong Kong’s commitment to becoming a digital asset hub, following earlier Bitcoin and Ethereum ETF launches. In contrast, the U.S. continues to lag behind, underscoring the growing gap in crypto regulatory progress.
Institutional Adoption and Future Potential
Institutional investors are increasingly drawn to Sol crypto due to its speed, scalability, and potential for real-world asset tokenization. Bitwise CIO Matt Hougan even called Solana “the new Wall Street”, citing its ability to revolutionize financial markets.
Currently, the Solana price USD stands at $187.97, up 1.37% in the last 24 hours, with over $7 billion in daily trading volume.
Solana Price Prediction 2025
According to Coinpedia’s Solana price forecasts, it could reach a high of $400, averaging around $325, if market momentum continues. The much-anticipated Alpenglow upgrade, expected by early 2026, could speed up block finalization to just 150 milliseconds, enhancing scalability and adoption.
