
Hong Kong’s financial regulator has approved the region’s first spot Solana (SOL) exchange-traded fund (ETF), making it the third crypto-spot product in the city following Bitcoin and Ethereum. The approval, granted by the Securities and Futures Commission (SFC) for China Asset Management (Hong Kong)’s Solana ETF, allows trading on the Hong Kong Stock Exchange in both Chinese-yuan and US-dollar counters.
Each trading unit will consist of 100 shares and requires a minimum investment of approximately US $100. The fund will employ a management fee of 0.99% and an estimated total annual expense ratio of 1.99% after custody and administrative costs.
The SFC’s approval of the Solana ETF underscores Hong Kong’s ambition to shape the regulatory path for regulated digital asset exposure. By adding Solana to its spot-ETF repertoire alongside Bitcoin (BTC) and Ethereum (ETH), Hong Kong deepens its role as a crypto-asset hub. The listing is scheduled for 27 October and offers counters in HK dollars,
RMB and USD. The virtual-asset trading platform will be operated by OSL Exchange, with OSL Digital Securities serving as sub-custodian. ChinaAMC already manages Hong Kong’s spot Bitcoin and spot Ethereum ETFs, so infrastructure for issuance, market-making, and custody is already in place. The minimum entry of about US $100 signals broad accessibility, while a board-lot size of 100 shares underlines standardization across counters.
The approval comes amid growing institutional interest in crypto-linked funds. Spot Bitcoin ETFs have recently recorded inflows of roughly $477.2 million, while spot Ethereum funds attracted about $141.7 million. While some analysts view the Solana approval as a meaningful addition to the digital-asset ecosystem, expectations for first-year inflows are more modest; for example, one estimate forecasts around $1.5 billion for Solana funds.
At the time of the announcement, Solana was trading around $186.24, dipping slightly by 0.25% in the past 24 hours. Despite this slight decline, certain market observers describe Solana as being in a “sweet zone” for entry, pointing to potential price targets of $300 to $400.
How will this controlled entrance for Solana change its broader acceptance and liquidity? The US continues to lag in the approval of spot-Solana ETFs, while other parts of the world, such as Canada and Brazil, have launched similar products. Thus, the approval places Hong Kong in front of many of the bigger Western markets in terms of altcoin ETF access.
The Solana ETF will trade in three currency counters – HKD, RMB, and USD – enabling both local and international participation. Each trading lot comprises 100 shares. The fund’s management fee is set at 0.99%, and when custody and administrative charges are added, the total expense ratio rises to an estimated 1.99%.
The virtual-asset trading platform is operated by OSL Exchange, with OSL Digital Securities acting as sub-custodian, ensuring a regulated digital-asset infrastructure. The ETF issuance by ChinaAMC represents its ongoing proliferation of its spot crypto products; its previously established Bitcoin and Ethereum spot ETFs laid the framework for the listing of Solana.
It provides traditional investors with regulated market exposure to Solana's market performance without direct ownership of SOL tokens, creating a new channel into the blockchain high-performance ecosystem.
With the addition of the market-leading Solana ETF by ChinaAMC, this represents a watershed moment for regulated digital assets in Hong Kong. With ChinaAMC as the leading ETF issuer and OSL Exchange managing trading operations, the listing will improve access to investors while furthering Hong Kong's ascent as a crypto ETF domicile.
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