Hong Kong has approved Asia’s first spot Solana exchange-traded fund (ETF), opening the door for retail and institutional investors to gain regulated access to the fast-growing blockchain network. The Securities and Futures Commission (SFC) officially authorized the “ChinaAMC Solana ETF (03460)” on October 17, with trading set to commence on the Hong Kong Stock Exchange on October 27. This marks Solana as the third cryptocurrency to receive ETF approval in Hong Kong, following Bitcoin and Ethereum.
The ChinaAMC Solana ETF will be available in Hong Kong dollars, Chinese yuan, and U.S. dollars, allowing investors to participate with a minimum investment of roughly $100 (about HK$780). Each trading unit will include 100 shares. According to the fund’s prospectus, it carries a 0.99% annual management fee and an estimated total expense ratio of 1.99%. Like other crypto ETFs in the region, it will not issue dividends but instead follow an accumulation structure, enabling investors to reinvest returns within the fund.
BOCI-Prudential Trustee Limited will serve as the main custodian of the ETF, ensuring the safekeeping of assets, while OSL Digital Securities — one of Hong Kong’s licensed digital asset platforms — will handle both trading and custody operations. The ETF will trade on the OSL Exchange, further integrating Hong Kong’s regulated digital finance ecosystem.
A spokesperson for ChinaAMC described the approval as “a significant milestone in Hong Kong’s digital asset landscape,” emphasising the fund’s goal of simplifying and securing access to Solana investments. The move is part of Hong Kong’s broader effort to establish itself as a leading digital asset hub in Asia, providing investors with structured and transparent crypto investment options.
Globally, the approval comes amid growing competition among financial markets to roll out regulated crypto ETFs. In the United States, the Securities and Exchange Commission (SEC) has postponed decisions on several spot crypto ETFs — including Solana — due to a recent government shutdown. Although Swiss-based 21Shares received U.S. clearance to register its Solana ETF via Form 8-A, trading has yet to commence.
As of now, Solana trades at $184.26, reflecting a modest 0.12% decline over the past 24 hours, with a market capitalization of $100.7 billion. Analysts at JPMorgan predict that Solana ETFs could attract about $1.5 billion in inflows during their first year — roughly one-seventh of what Ethereum ETFs generated upon launch. With Hong Kong now taking the lead, the race for Solana-based financial products appears to be intensifying across global markets.
