Iris Coleman
Oct 22, 2025 10:38
Hong Kong’s first Solana (SOL) ETF is about to launch on October 27, whereas the US awaits SEC approval for 155 crypto ETFs, signaling a possible surge in crypto funding merchandise.
The primary Solana (SOL) exchange-traded fund (ETF) in Hong Kong is poised to begin buying and selling on October 27, following the approval by the Hong Kong Securities and Futures Fee on October 17. This marks a big milestone because the area’s inaugural crypto ETF, in accordance with Crypto.ro.
With a administration price of 0.99% per yr, the ChinaAMC Solana ETF can be obtainable on the Hong Kong Inventory Change and traded in HKD, RMB, and USD. The custodian of the ETF is BOCI-Prudential Trustee Restricted, whereas OSL Digital Securities Restricted acts because the sub-custodian.
Crypto ETF Season Anticipated within the US
As Hong Kong prepares for the launch of its first SOL ETF, america sees a burgeoning panorama of crypto ETF filings awaiting regulatory approval. In response to Bloomberg’s Eric Balchunas, there are at the moment 155 crypto exchange-traded merchandise (ETP) filings monitoring 35 totally different cryptocurrencies, together with 23 filings every for Solana (SOL) and Bitcoin (BTC) ETFs, and others for Ethereum (ETH), XRP, and extra.
The US Securities and Change Fee (SEC) has been anticipated to approve these crypto ETFs, which might herald a brand new period of funding alternatives within the digital asset house.
Optimism Stays Regardless of Market Hurdles
Regardless of market volatility and a partial US authorities shutdown that started on October 1, optimism within the crypto sector persists. The SEC’s evolving stance in the direction of a extra crypto-friendly regulatory framework, alongside potential rate of interest cuts by the US Federal Reserve, fosters a optimistic outlook for the business.
Institutional curiosity in cryptocurrencies, notably Bitcoin, has seen a resurgence with renewed inflows into BTC ETFs, amounting to over $477 million as of October 21. This uptick underscores the rising institutional urge for food for digital property regardless of momentary market setbacks.
The convergence of those components suggests a promising future for crypto ETFs each in Hong Kong and the US, as buyers and establishments alike put together for broader entry to crypto funding autos.
Picture supply: Shutterstock
