Hong Kong SFC Approves Tokenized ETFs: A New Era for Blockchain in Finance and Solana’s Price Outlook

The Hong Kong Securities and Futures Commission has granted approval for tokenized money market ETFs developed by HashKey and Bosera. This will reshape the future of investment and financial markets. These ETFs combine blockchain technology with traditional money market products. It provides a secure, transparent, and efficient platform for investment. The SFC has recognized the potential of blockchain to enhance the transparency of financial systems. As the blockchain space continues to grow assets like Solana could benefit from such advancements. It is influencing the Solana price prediction in the near future.

Hong Kong SFC Approves Innovative Tokenized Money Market ETFs

The approval by the Hong Kong SFC is a major step in integrating blockchain technology with traditional financial tools. These ETFs are intended to give investors access to money market funds via blockchain. While ensuring higher transparency and efficiency compared to traditional money market investments. Blockchain technology guarantees secure transactions offering an advantage in a market that is increasingly looking to innovate. 

The approval by the SFC sets a benchmark for future regulatory standards for blockchain-based products. This move is expected to inspire other regulatory bodies worldwide to explore the potential of blockchain in improving financial infrastructure. This opens the door for further advancements in digital finance. Additionally, the integration of such technology could influence the Solana price prediction. The SOL blockchain remains a strong contender for supporting similar financial innovations.

Solana Price Prediction for 28th March

The trading day of March 27th started with an upward trend. Overbought situations at 2:00 UTC, 2:50 UTC, and 2:45 UTC pushed the price to a resistance of $140.22. A death cross on the MACD line at 3:00 UTC initiated a downward move. The price fluctuated downwards, hitting an oversold condition at 13:35 UTC. It found support at $135.64 before a golden cross at 14:00 UTC triggered an upward trend. Another golden cross at 4:00 UTC kept the price moving up, but a death cross at 15:30 UTC initiated another drop.

Chart 1, analyzed by ShwetaCW, published on TradingView, March 28, 2025

The oversold situation on RSI at 19:25 UTC caused price fluctuations, followed by another death cross at 22:05 UTC, driving a downward trend. On March 28th, continuous oversold conditions at 00:05 UTC and 00:25 UTC pushed prices lower. A death cross at 2:40 UTC led to further declines, breaking the support level. Another death cross at 7:25 UTC continued the downward trend, with the price finding new support at $130.61. According to the Solana price prediction, if the downtrend persists, the price could break $130.61. If momentum shifts, the SOL price may test the previous support at $135.64, now acting as resistance.

The Future of Blockchain and SOL’s Price Outlook

The Hong Kong SFC’s approval of tokenized money market ETFs by HashKey and Bosera marks a turning moment for blockchain in finance. This approval shows the growing acceptance of blockchain as a tool for increasing transparency in traditional financial products. As blockchain technology continues to reshape the investment landscape. It could have a positive impact on crypto like Solana. Given SOL’s robust blockchain and its potential for supporting similar innovations, the Solana price prediction remains optimistic.

The post Hong Kong SFC Approves Tokenized ETFs: A New Era for Blockchain in Finance and Solana’s Price Outlook appeared first on Coinfomania.