The first Solana (SOL) ETF in Hong Kong is scheduled to launch on October 27. Hong Kong’s Securities and Futures Commission gave the green light for the crypto product on October 17, marking the first such crypto ETF to get trading authorization in the region.
Meanwhile, in the US, there are currently 155 crypto ETF filings waiting for approval, according to official reports.
Despite the recent market volatilty, optimism is still present in the industry due to multiple factors.
1st SOL ETF in Hong Kong Launches Next Week
Hong Kong’s Securities and Futures Commission (SFC) authorized ChinaAMC Solana ETF last week, and according to ChinaAMC’s official website, the crypto product will go live next Monday, October 27, on the Hong Kong Stock Exchange.
The management fee for the crypto product will be 0.99% per year.
The product overview on the website shows that the SOL ETF’s custodian will be BOCI-Prudential Trustee Limited, and the sub-custodian will be OSL Digital Securities Limited, acting via its associated entity OSL Custody Services Limited.
The SOL ETF will be traded in HKD, RMB, and USD.
The announcement of the first SOL ETF to be launched in Hong Kong comes as the crypto industry in the US expects the green light from the SEC for 155 crypto ETFs.
Crypto ETF Season Expected to Start in the US
On October 22, Bloomberg’s Eric Balchunas shared information from analyst James Seyffart, revealing that there are 155 crypto ETP filings tracking 35 different cryptos waiting for approval in the US since the beginning of 2024.
There are reportedly 23 ETF filings for SOL ETFs, another 23 filings for BTC ETFs, 20 filings for XRP ETFs, 10 filings for ETH ETFs, and more. Other digital assets include LTC, AVAX, DOGE, SUI, BNB, ADA, INJ, TRX, and others.
There’s now 155 crypto ETP filings tracking 35 different digital assets. Could easily end up seeing over 200 hit mkt in next 12mo. Total land rush. Here’s the list by coin, amazing work from @JSeyff pic.twitter.com/dKyiySxn0H
— Eric Balchunas (@EricBalchunas) October 21, 2025
Optimism is Still Present in the Crypto Industry
The crypto industry was expecting the debut of the altseason in the US once the SEC had given its approval for these crypto ETFs. Recently, the US SEC has shown a more crypto-friendly approach and simplified the approval process for new crypto ETFs.
However, the bullish expectations were paused by a US Government partial shutdown, which began on October 1st. The Government has been shut down for 22 days so far. The longest US government shutdown in history lasted for 35 days – it began in late 2018 and lasted until 2019.
Despite a pause in Uptober, there are still many reasons for optimism regarding the crypto industry, including the following:
- Multiple crypto ETFs are waiting for SEC approval.
- The US Fed’s recent conference showed strong support for crypto and DeFi.
- The US expects more interest rate cuts this year (chances of over 96% of upcoming rate cuts).
- Institutional interest in Bitcoin resumed following a pause, as BTC ETFs recorded renewed inflows on October 21 of over $477 million.
