Institutional inflows could reach $1.5B as Solana gains ETF traction globally and in the U.S.
Hong Kong’s Securities and Futures Commission has approved the region’s first Solana (SOL) spot exchange-traded fund, scheduled to launch on October 27. The fund, managed by China Asset Management (Hong Kong), becomes the third spot crypto ETF in the region after Bitcoin and Ethereum.
The Solana ETF will list on the Hong Kong Stock Exchange under ticker 03460, with each unit representing 100 SOL. Investors can enter the fund for approximately $100, and the ETF will operate under full regulatory oversight using real SOL tokens.
Trading and settlement will be handled by OSL Exchange, while OSL Digital Securities serves as sub-custodian for secure asset storage. The total expense ratio is capped at 1.99%, with a 0.99% management fee and no dividend distribution expected.
The ETF approval follows the 21Shares Solana Spot ETF gaining clearance in the U.S. earlier this month, further boosting institutional access. Analysts expect SOL prices to benefit, with forecasts suggesting a potential rally toward $300 if inflows continue.
Major firms like VanEck, Fidelity, and Grayscale also await U.S. approval, while JPMorgan projects $1.5 billion in global ETF inflows into Solana. Hong Kong’s confidence in SOL reflects its growing role in DeFi, NFTs, and high-speed blockchain activity.
Separately, Gemini launched a Solana Card offering up to 6.77% rewards via auto-staking on purchases. Uniswap has added Solana support, allowing wallet connections and direct SOL swaps via its web app interface.
Meanwhile, the Jito Foundation secured $50 million from a16z crypto to scale its Solana staking infrastructure. With over 90 million daily transactions, rising institutional exposure, and retail support, Solana continues gaining ground as a key layer-1 network.
