Hong Kong has officially approved the world’s first Spot Solana Exchange-Traded Fund (ETF), marking another major milestone for the city as it cements its position as Asia’s leading hub for digital asset innovation. The ETF, issued by China Asset Management (Hong Kong) Co., Ltd. (ChinaAMC), will be listed on the Hong Kong Stock Exchange (HKEX), making it the third spot crypto ETF in the city — following those for Bitcoin and Ethereum.
This groundbreaking approval highlights Hong Kong’s progressive approach toward cryptocurrency regulation and its ambition to attract institutional investors seeking exposure to digital assets through regulated financial products. The move also puts Hong Kong ahead of the United States, where a spot Solana ETF has not yet been approved, despite growing investor demand.
Details of the Solana Spot ETF
The Solana ETF operates under a dual-currency trading mechanism, allowing investors to trade in both Renminbi (RMB) and U.S. dollars (USD). Each trading lot consists of 100 ETF units, and the minimum investment is approximately $100 USD. The ETF carries a management fee of 0.99%, with an estimated total expense ratio of 1.99% per year.
The trading platform will be managed by OSL Exchange, while OSL Digital Securities will serve as the sub-custodian responsible for securely holding the underlying Solana (SOL) assets. The ETF is expected to launch officially on October 27, offering investors a new way to gain direct, regulated exposure to Solana without the need to hold the cryptocurrency directly.
The approval was granted by the Securities and Futures Commission (SFC) of Hong Kong, signaling strong regulatory confidence in the country’s framework for crypto-based financial instruments.
Global Context and Competitive Edge
While Brazil and Canada have already listed Solana ETFs, Hong Kong’s launch marks the first spot Solana ETF in Asia and the first globally to receive approval in a major financial center. Meanwhile, U.S. regulators have yet to approve any spot Solana ETF applications, despite the country’s recent approval of Bitcoin and Ethereum spot ETFs earlier this year.
This development further enhances Hong Kong’s position as a gateway for global investors looking to participate in the digital asset economy. The city continues to distinguish itself from mainland China’s stricter stance on cryptocurrencies by fostering a regulated yet innovative environment for blockchain finance.
Why Solana?
Solana (SOL) has emerged as one of the most promising blockchain networks, known for its high transaction speed, low costs, and scalability. Its architecture allows for thousands of transactions per second, making it one of the leading alternatives to Ethereum for decentralized applications, NFTs, and DeFi platforms.
The launch of a Solana spot ETF is expected to attract both institutional and retail investors who seek exposure to high-performance blockchain assets through traditional financial channels. By tracking the price movements of Solana directly through spot holdings, the ETF provides a transparent and regulated entry point into one of the fastest-growing ecosystems in crypto.
Hong Kong’s Expanding Role in Digital Finance
This approval underscores Hong Kong’s long-term strategy to become the premier digital asset hub in Asia, combining strong regulatory oversight with a forward-looking financial market infrastructure. With Bitcoin, Ethereum, and now Solana ETFs available to investors, Hong Kong continues to bridge the gap between traditional finance (TradFi) and digital assets (DeFi).
As the global race to approve more spot crypto ETFs intensifies, Hong Kong’s move not only sets a precedent for other regions but also signals to the world that Asia is leading the next wave of institutional crypto adoption.
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