Hong Kong Solana ETF: First Spot SOL Fund Approved for October 27 Trading
Hong Kong’s Securities and Futures Commission has approved the first spot for the Solana exchange-traded fund in Asia. The fund, issued by China Asset Management Company (ChinaAMC), received formal clearance earlier this week. This makes Solana the third cryptocurrency to receive spot ETF approval in Hong Kong, following Bitcoin and Ethereum.
The Solana ETF will debut on October 27 on the Hong Kong Stock Exchange. The ChinaAMC Solana ETF will trade under three currency counters: HKD (3460), RMB (83460), and USD (9460). Trading will occur in lots of 100 units, with a minimum investment amount of approximately $100.
The fund will invest all its assets in Solana and track the CME CF Solana-USD Index based on the APAC reference rate. Trading operations will be conducted through OSL Exchange, while OSL Digital Securities will serve as sub-custodian. The fund carries a management fee of 0.99%, with custody and administrative costs capped at 1% of net asset value.
Hong Kong Solana ETF Beats US Regulatory Approval
Hong Kong’s approval comes as U.S. regulators have delayed approving a Solana ETF due to a government shutdown affecting the SEC. This positions Hong Kong ahead of the United States in offering regulated Solana investment products. The SEC was expected to decide on its first batch of spot Solana ETFs by October 10, but has delayed amid the federal government shutdown.
Several U.S. issuers, including Bitwise and Grayscale, have withdrawn or amended their filings in response to the delay. Other issuers, including VanEck, Canary Capital, Franklin Templeton, Fidelity, and CoinShares, have received approval for Solana spot ETF proposals. Listings in the U.S. are expected to follow after regulatory processes are complete.
The approval reinforces confidence in Solana from Hong Kong, setting it apart from markets still debating approval rules. Hong Kong continues to be a leading digital asset hub in Asia. With this listing, Hong Kong becomes the first Asian market to host spot ETFs for three major cryptocurrencies.
Solana ETF Market Expectations and Global Impact
JPMorgan analysts forecast Solana ETFs may attract around $1.5 billion in first-year inflows. This represents a modest amount compared to Ethereum ETF counterparts, as many other crypto ETFs are already available on the market. Market analysts expect modest demand compared with Bitcoin and Ethereum products.
According to CoinGecko data, Solana has a market capitalization of about $100.8 billion. Solana ranks below Bitcoin, Ethereum, Tether, Binance Coin, and Ripple, but above USDC. In 2025, Solana has underperformed, declining slightly by 2% year-to-date. By contrast, Bitcoin and Ethereum have each gained around 14% over the same period.
The new Solana ETF may initially attract retail interest in Asia, where Solana’s developer base and consumer-focused apps have a strong following. Analysts believe Hong Kong’s move could accelerate global competition in the altcoin ETF segment and pressure U.S. regulators to act. Spot Solana ETFs have already launched in Canada, Brazil, and Kazakhstan.
Solana’s selection as the third spot ETF offering in Hong Kong reflects its technical progress and the market’s confidence in its long-term relevance. The approval offers regulated, spot exposure to Solana, removing some custody and on-chain operational burdens for allocators. This development marks a significant milestone for institutional cryptocurrency adoption in Asia.
Conclusion
The Hong Kong Solana ETF represents a milestone for cryptocurrency investment products in Asia. ChinaAMC’s successful approval demonstrates Hong Kong’s commitment to digital asset innovation. The October 27 launch date positions Hong Kong ahead of other major financial markets in offering Solana exposure.
