What happened?
Hong Kong’s Securities and Futures Commission approved the city’s first Solana (SOL) spot ETF, managed by China Asset Management (Hong Kong), and it will begin trading on October 27 on the OSL Exchange. The ETF is the third crypto spot product cleared in Hong Kong after Bitcoin and Ethereum, carries an estimated annual expense ratio of about 1.99% and has a roughly $100 minimum investment per trading unit of 100 shares. This approval follows growing global momentum for Solana spot ETFs, with several issuers filing or receiving clearance in other markets.
Who does this affect?
Retail investors in Hong Kong get a regulated, relatively low-cost way to gain direct exposure to SOL, while institutional investors gain a custody-backed vehicle that’s easier to trade and allocate into portfolios. Fund managers, exchanges, and custodians like OSL will see increased business from listings, custody, and settlement activity. Solana developers and token holders could benefit if ETF inflows raise on-chain activity and demand for SOL.
Why does this matter?
ETF approval can unlock new pools of capital and bring more liquidity to Solana, which tends to put upward pressure on price and reduce trading frictions. With parallel approvals and filings globally, wider ETF availability raises the chance of significant inflows that could drive SOL’s market cap higher and increase institutional adoption. More tradable, regulated products also boost competition among issuers, likely expand retail participation, and make crypto a more mainstream allocation in investor portfolios.