Futu has integrated SOL into stock accounts, truly opening the door to incremental funds
Futu Securities announced the launch of retail trading services for Solana (SOL) on 'Futu NiuNiu':
• Spot Purchase: Qualified retail and professional investors in Hong Kong can buy and sell SOL directly with fiat currency.
• Simulation Trading: Beginners can familiarize themselves with the process using simulated trading first.
• One-stop Service: The platform also connects SOL CME futures / (subsequent) SOL ETF products, allowing spot + hedging to be completed in the same account.
The significance of this for SOL is not just 'an additional buying entry':
1) New compliant buying orders
Licensed brokers' fiat → crypto channels reduce the friction costs of account opening, depositing, and buying coins to a minimum, directly converting local Hong Kong stock users into potential SOL buyers.
2) Smoother liquidity and price discovery
Spot, futures, and ETF are interconnected on the same platform, making basis arbitrage/hedging easier, narrowing cross-market price spreads, enhancing liquidity and pricing efficiency, and increasing institutions' willingness to hold larger spot positions.
3) Elevated narrative and trust
Being included as a retail target by licensed brokers serves as an endorsement of compliance and maturity; combined with the landing of Asia's RWA and expectations for SOL ETF, it creates a positive feedback loop of 'compliance entry + diversified products + institutional funding pathways'.
Impact on price rhythm
• Short-term: Sentiment is bullish, favorable for breaking through the 200–210 range; pay attention to profit-taking after news.
• Medium-term: If trading volume and positions on Futu continue to increase, and can be transmitted to net inflows of USDC, RWA-related TVL, and on-chain activity, the valuation center of SOL will be significantly raised.
As SOL enters the era of 'buying with a stock account', the door to incremental funds has truly been opened. Whoever verifies the 'entry → on-chain' closed loop with data first will be able to reap this medium-term reward.