Solana Price Soars 1.6%, Driven by Hong Kong ETF Approval

The Solana price surged 1.6% in the past 24 hours, reaching $187, as a new spot Solana ETF approved in Hong Kong fueled market excitement. This marks a significant milestone for the cryptocurrency, placing it ahead of US regulatory hurdles and potentially attracting fresh investment from both institutional and retail investors. The Hong Kong Stock Exchange will host the launch of the first-ever $SOL Spot ETF managed by ChinaAMC on October 27th. This groundbreaking decision positions Hong Kong as a leader in crypto innovation, with the potential to attract new capital to the Solana ecosystem.