Hong Kong Approves Asia’s First Solana Spot ETF

• Hong Kong launches Asia’s first Solana spot ETF under ChinaAMC, broadening crypto access.
• The ETF trades in USD, RMB, and HKD with a minimum investment set at around $100.
• JPMorgan projects Solana ETFs could attract about $1.5B in inflows in their first year.

Hong Kong has approved the first-ever Solana spot exchange-traded fund (ETF) in Asia, expanding retail access to the digital asset alongside Bitcoin and Ethereum. The ChinaAMC Solana ETF, authorized by the Securities and Futures Commission (SFC) on October 17, will begin trading on the Hong Kong Stock Exchange on October 27, another milestone for regulated altcoin exposure.

Expanding Retail Access Through Regulated Markets

According to the SFC’s official filing, the ETF, issued by China Asset Management (Hong Kong), will trade under ticker code 03460. It will be available in Hong Kong dollars, Chinese yuan, and U.S. dollars, making it open to both local and international investors. Each unit includes 100 shares, with a minimum investment of about $100 or HK$780. 

It has a yearly management fee of 0.99%, while custody and administrative costs are limited to 1% of the fund’s total value. The total annual recurring expense ratio is at 1.99% and the fund will not distribute dividends. The OSL Exchange will oversee trading, while OSL Digital Securities will manage custody and settlements.

This approval adds Solana (SOL) to Hong Kong’s expanding list of spot ETFs, which already features Bitcoin and Ethereum. The expansion shows Hong Kong’s effort to build a regulated gateway for digital asset investments in Asia’s financial markets.

Institutional Adoption Boosts Solana’s Market Position

Institutional interest in Solana has risen quickly in recent months, thanks to its high speed and low transaction costs. Solana is now the sixth-largest cryptocurrency, valued at around $100.8 billion. Its network processes more than 90 million transactions daily, strengthening its position in decentralized finance and NFTs.

ChinaAMC also launched a localized Chinese name, “Solala,” to strengthen its regional branding and better connect digital asset innovation with Chinese-speaking users. The firm already manages spot ETFs for Bitcoin and Ethereum, making Solana its third product under Hong Kong’s regulatory framework.

According to filings, BOCI-Prudential Trustee Limited will serve as the ETF’s main custodian, ensuring asset security within regulated infrastructure. The launch also comes as the U.S. Securities and Exchange Commission (SEC) considers its first batch of Solana and altcoin spot ETFs following its recent regulatory streamlining.

JPMorgan analysts recently projected that Solana ETFs could attract around $1.5 billion in net inflows within their first year, about one-seventh of Ethereum ETF inflows. They based their estimate on Solana’s current decentralized finance (DeFi) total value locked (TVL), which is smaller than Ethereum’s.

Related: SEC Streamlines Process for Spot Crypto and Altcoin ETFs

Global ETF Approvals Accelerate 

The Hong Kong approval follows a similar move in the United States, where the 21Shares Solana Spot ETF received regulatory clearance earlier this month after the SEC accepted its Form 8-A filing. The product will trade on a major American exchange and may feature staking components to attract institutional participation.

Several asset managers including VanEck, Bitwise, Grayscale, Canary Capital, Franklin Templeton, Fidelity, and CoinShares have also secured approvals for Solana ETF proposals, with listings expected in the coming weeks. This indicates growing regulatory confidence in Solana’s market across major financial jurisdictions.

The CME Group’s launch of Solana futures options on October 13 further shows how the network is being linked to traditional finance. Experts pointed out that Hong Kong’s earlier approval highlights its forward-thinking approach to digital asset regulation, unlike the U.S., where unclear rules have slowed ETF approvals.

With Bitcoin, Ethereum, and now Solana ETFs available, Hong Kong has become Asia’s main center for regulated crypto trading. Its well-structured system, supported by licensed platforms like OSL, gives both institutional and retail investors clear and secure access to blockchain-based products.

Meanwhile, Solana’s inclusion in Hong Kong’s ETF lineup is a new phase of crypto market development. The move bridges traditional finance and decentralized technology, expanding regulated investment opportunities while strengthening the city’s global competitiveness in digital asset innovation.