Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has officially approved the launch of the first spot ETF based on Solana (SOL). The product will be managed by China Asset Management (Hong Kong) and is scheduled to begin trading on OSL Exchange on October 27, 2025.

This ETF opens new opportunities for institutional investors to gain exposure to Solana’s digital assets in a more structured and regulated manner. Each ETF unit consists of 100 shares, with a minimum investment of approximately US$100 (around HK$780). The fund will carry an annual management fee of 0.99%, plus a custody fee of up to 1% of net asset value.

The approval makes Solana the third cryptocurrency to receive a spot ETF license in Hong Kong, following Bitcoin and Ethereum. This move further strengthens Hong Kong’s position as one of Asia’s most progressive financial hubs in opening access to digital asset investments.

Solana Ecosystem Updates: Jupiter Ultra v3 and Zcash Integration

Beyond regulatory developments, the Solana ecosystem continues to demonstrate major technological progress. Jupiter Ultra, one of the largest DEX aggregators on the Solana network, has just launched its third version (Jupiter Ultra v3), bringing significant improvements in efficiency and user experience.

The new features include up to 34x better MEV protection, lower transaction fees, and near-zero slippage, making Solana even more competitive in the decentralized finance (DeFi) space.

Additionally, Zcash (ZEC) has officially joined the Solana network through liquidity integration on Raydium, marking a key step in cross-chain collaboration and expanding Solana’s ecosystem to include major privacy-focused assets.

Despite ongoing innovation and growing institutional support, Solana’s market has recently faced price pressure. Its market capitalization reportedly fell around 6% to US$235 billion, while weekly trading volume dropped by as much as 50%.

Nevertheless, the approval of the Solana spot ETF in Hong Kong serves as a strategic milestone—one that could attract new investor interest and further solidify Solana’s position in the global digital asset landscape.

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Disclaimer
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