Solana ETF Edges Closer to U.S. Launch with NYSE Certification, as Hong Kong Debuts First

• NYSE Arca approves Bitwise’s Solana ETF listing on October 27, confirming readiness under SEC rules.

• Trading for U.S. products remains on hold until the federal government shutdown resolves.

• Hong Kong’s ChinaAMC spot Solana ETF debuted today, with a 0.99% management fee and multi-currency options, per Hong Kong Stock Exchange filings.

Discover the latest on Solana ETF approval: Bitwise gains NYSE certification while Hong Kong leads with the first spot ETF launch. Stay informed on crypto regulations and investment opportunities in 2025. Explore key impacts on SOL price now.

What is the Current Status of Solana ETF Approval in the U.S.?

Solana ETF approval advanced significantly with NYSE Arca certifying Bitwise’s Solana Staking ETF listing on October 27, 2025, as documented on the U.S. Securities and Exchange Commission website. This certification under the Securities Exchange Act of 1934 positions the product for launch once the ongoing U.S. government shutdown ends and final SEC reviews conclude. However, trading cannot commence until federal operations resume, which has been stalled for over two weeks despite multiple failed Senate votes.

How Does Hong Kong’s Solana ETF Launch Compare to U.S. Developments?

Hong Kong has taken the lead in Solana ETF innovation by approving and listing the world’s first spot Solana ETF through ChinaAMC on the Hong Kong Stock Exchange, starting at 9:30 a.m. local time. The fund supports trading in HKD, RMB, and USD with an annual management fee of 0.99%, building on Hong Kong’s established framework that already includes approved spot ETFs for Bitcoin and Ethereum. This move underscores Asia’s progressive regulatory environment for digital assets, providing investors with immediate, regulated exposure to Solana. In contrast, U.S. progress, while promising with Bitwise’s certification, faces delays due to the government shutdown entering its third week. According to data from the Hong Kong Stock Exchange, initial trading volumes for such products have shown strong interest, highlighting regional momentum. Experts from the financial sector note that these approvals could accelerate global adoption, with one analyst stating, “Hong Kong’s swift actions set a benchmark for efficient crypto integration into traditional markets.”

Source: X

Bitwise’s ETF includes a unique staking feature, planning to stake its Solana holdings for an estimated annual yield of 7.3%, which differentiates it from existing Bitcoin and Ethereum spot ETFs. The firm has set a management fee of 0.20%, with a three-month waiver for early adopters, enhancing its appeal to institutional investors. By switching its listing venue from Cboe BZX to NYSE Arca, Bitwise aligns with major cryptocurrency ETFs, potentially boosting liquidity upon approval. Once the shutdown resolves, exchanges can proceed with independent launches, clearing the path for U.S. investors to access Solana via standard brokerage accounts.

Institutional interest in Solana remains robust, with digital asset treasuries accumulating over $2 billion in SOL during September 2025 alone. Balances surged by more than 260% in that month, based on Coingecko data. Solana’s current price stands at $202.26, reflecting a 1.09% increase today from $177.67, driven by ETF anticipation. Analysts project potential growth to $300-$400 as U.S. products enter the market, though this depends on regulatory clearance.

October’s Broader ETF Momentum

The cryptocurrency ETF landscape in October 2025 is experiencing significant activity, with over 90 spot ETF applications covering 24 different coins pending at the SEC. Most decision deadlines cluster in this month, following September’s new rules that streamline ETF listings. Filings for Solana ETFs extend beyond Bitwise to include VanEck, Grayscale, Franklin Templeton, Fidelity, and others. 21Shares has also obtained provisional approval for its Solana product on the Cboe BZX Exchange. Prediction markets indicate 100% probability for U.S. Solana ETF approval before year-end, with XRP and Litecoin at over 90% and Dogecoin exceeding 80%. These developments signal a maturing regulatory approach, potentially expanding access to a wider array of digital assets for retail and institutional investors alike.

Frequently Asked Questions

Did Bitwise’s Solana ETF Just Get Approved in the U.S.?

Bitwise’s Solana Staking ETF received listing certification from NYSE Arca on October 27, 2025, as confirmed on the SEC website. This approval verifies compliance with exchange rules but does not initiate trading, which awaits the end of the U.S. government shutdown and final SEC oversight. Investors should monitor federal updates for launch timelines.

Who Launched the First Solana Spot ETF?

Hong Kong’s ChinaAMC launched the world’s first spot Solana ETF on the Hong Kong Stock Exchange this morning, available in HKD, RMB, and USD with a 0.99% fee. This debut highlights Asia’s leadership in crypto ETFs, following approvals for Bitcoin and Ethereum products, and provides seamless access for global investors seeking Solana exposure without direct holdings.

Key Takeaways

• NYSE Arca Certification for Bitwise: This step confirms Bitwise’s Solana Staking ETF readiness, including staking yields up to 7.3%, but delays trading due to the ongoing U.S. government shutdown.
• Hong Kong’s Market Lead: ChinaAMC’s spot ETF launch offers immediate trading options, reinforcing Asia’s role as a crypto innovation hub with low fees and multi-currency support.
• Institutional Buildup: Over $2 billion in SOL accumulated in September 2025, with treasury balances up 260%, signaling strong confidence ahead of U.S. approvals—consider diversifying portfolios accordingly.

Conclusion

The Solana ETF approval process marks a pivotal moment for cryptocurrency integration into mainstream finance, with Bitwise’s NYSE Arca certification and Hong Kong’s ChinaAMC launch demonstrating global regulatory progress. As the U.S. navigates shutdown hurdles, Asia’s first-mover status could influence broader adoption trends. Investors are advised to track SEC updates and institutional flows, positioning themselves for potential Solana price appreciation in the coming months.