Hong Kong’s Securities and Futures Commission (SFC) has approved the launch of China Asset Management Company’s (ChinaAMC) spot Solana (SOL) exchange-traded fund (ETF), marking the first Solana ETF in Asia. The product, named “ChinaAMC Solana ETF (03460)”, was authorized on October 17 and is set to begin trading on October 27 on the Hong Kong Stock Exchange.
This approval makes Solana the third cryptocurrency to receive a spot ETF in Hong Kong, following the earlier listings of Bitcoin and Ethereum.
According to details on the SFC’s website, the ETF will be listed in Hong Kong dollars, Chinese yuan, and U.S. dollars. Each trading unit will consist of 100 shares, and investors can begin trading with as little as $100 (about HK$780). The fund offers a low-cost entry point for retail investors interested in Solana exposure through traditional market channels.
The ChinaAMC Solana ETF will charge a 0.99% annual management fee and an estimated total expense ratio of 1.99%. It will not pay out dividends but will operate under an accumulation model, meaning earnings are reinvested into the fund which is similar to other digital asset ETFs in the region.
BOCI-Prudential Trustee Limited will act as the custodian of the fund, while OSL Digital Securities will oversee both trading and digital asset storage. The ETF will be traded on OSL Exchange, one of Hong Kong’s licensed platforms for virtual assets.
A ChinaAMC spokesperson described the launch as “a major milestone for digital asset development in Hong Kong,” emphasizing that it offers investors a regulated and safer way to gain exposure to Solana without directly purchasing the token.
Globally, regulators are still reviewing similar applications. Although, in the United States, the Securities and Exchange Commission (SEC) has delayed approvals for spot Solana and other altcoin ETFs due to the recent government shutdown. On the other hand, Swiss firm 21Shares has gained U.S. approval for its Solana ETF after filing Form 8-A, though trading is yet to begin.
As of now, Solana trades at $184.26, slightly down 0.12% in the past 24 hours, with a market capitalization of $100.7 billion.
Analysts at JPMorgan estimate Solana ETFs could attract up to $1.5 billion in their first year, around one-seventh of Ethereum ETF inflows.
Also Read: Kadena Ends Operations as Token Value Falls Nearly 60%
