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Hong Kong to launch new Solana ETF as U.S. Solana funds see record $24.8M outflows

Market News
12 Oct 2026
Coinpaper
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Neutral
Hong Kong to launch new Solana ETF as U.S. Solana funds see record $24.8M outflows

Hong Kong will launch a new spot Solana ETF on October 13, offering direct SOL exposure without staking rewards. This comes amid a sharp reversal in U.S. Solana ETFs, which experienced their largest weekly outflows of $24.8 million, led by Bitwise. The launch expands regulated Solana investment options in Asia even as U.S. institutional demand weakens, highlighting differing regional interest in Solana assets.

The Solana ETF launch in Hong Kong contrasts with U.S. Solana ETFs facing $24.8 million outflows. For readers following major cryptocurrencies on Pluang as of Oct 13, 2026 01:41 WIB, only 8 of 50 major cryptocurrencies rose today while 41 fell. Notably, EOS increased by 8.13% to Rp12.649 with a typical hold time of 87 days, whereas CRV dropped 7.31% to Rp6.197 with 91% buy order activity, and GRT fell 6.55% to Rp469 with 78% sell order activity.

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