Hong Kong listed a Solana ETF on October 13: What it means for the Solana price

Published on 10/23/2026 at 07:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A Hong Kong fund began trading with HKD 1.99 million in turnover. The Solana price is 103.71 USD on October 23, 2026, down 4.19 percent.

ETF flows and network data

Pando Finance started trading a Hong Kong Solana ETF on October 13, 2026, with HKD 1.99 million in turnover.
U.S. spot Solana funds recorded 24.8 million USD in weekly outflows from October 5 through October 9, 2026.
The Solana price stands at 103.71 USD as of October 23, 2026, 4.19 percent below the UTC daily close of October 22, 2026.
Solana Foundation introduced an open-source settlement program on October 6, 2026, with input from J.P. Morgan.

Solana, XCCRYPTOSOL6, Illustration mit AI erstellt.

Solana (SOL) gained a new Hong Kong-listed spot ETF on October 13, 2026, with HKD 1.99 million in first-session turnover. The listing was reported by AltcoinBuzz, which said the Pando Finance fund traded 268,300 units on the Hong Kong Stock Exchange.

The Solana price stands at 103.71 USD as of October 23, 2026, down 4.19 percent compared with the UTC daily close of October 22, 2026, according to Investing.com.

Hong Kong fund records HKD 1.99 million turnover

Pando Finance's fund tracks the CME CF Solana-Dollar Reference Rate, Asia Pacific Variant, and uses physical replication, according to AltcoinBuzz. The product has a U.S. dollar base currency and is domiciled in Hong Kong. It does not stake SOL or use derivatives or leverage, the report said.

The October 13, 2026, listing adds a regulated market product outside the U.S. spot fund data commonly tracked by market participants. The fund's first-session turnover was HKD 1.99 million, a figure reported by AltcoinBuzz.

U.S. spot funds record 24.8 million USD outflow

U.S. spot Solana ETFs, funds designed to track SOL directly, recorded 24.8 million USD of net outflows from October 5 through October 9, 2026, according to Solana Compass. The week ended a 14-week run of inflows based on SoSoValue data cited in the report.

The same report said the largest single daily outflow was 9.2 million USD on October 5, 2026. Bitwise's BSOL accounted for 20.9 million USD of the weekly withdrawals, while the report also noted that Farside Investors recorded a slightly different total of 25.0 million USD for the same five sessions.

Solana DvP program launches on October 6

On October 6, 2026, the Solana Foundation launched Solana DvP, an open-source escrow program for delivery-versus-payment settlement. The program is designed to move an asset and its payment in the same transaction, according to the Solana Foundation.

The program supports SPL Token and Token-2022, and J.P. Morgan provided input on institutional settlement practices, the Foundation said on October 6, 2026. The Foundation described the program as externally audited and ready for use with real funds.

SOL market data shows 60.83 billion USD capitalization

According to Investing.com, SOL trades at 103.71 USD as of October 23, 2026. The daily high is 107.47 USD and the daily low for the UTC day is 103.05 USD. Market capitalization is 60.83 billion USD, ranking Solana seventh, while 24-hour volume is 2.47 billion USD. Circulating supply is 589.65 million SOL.