Hong Kong SFC Approves First Spot Solana ETF, Set for October Debut

The Securities and Futures Commission (SFC) of Hong Kong has officially approved the region's first-ever spot Solana (SOL) exchange-traded fund (ETF), issued by ChinaAMC (Hong Kong). The approval was confirmed on October 22, 2025, marking a significant milestone for digital asset markets and positioning Hong Kong as a frontrunner in Asia's regulated crypto investment landscape.

The ChinaAMC Solana ETF is scheduled to debut on the Hong Kong Stock Exchange (HKEX) on October 27, 2025, with three currency tickers: 3460 (HKD), 83460 (RMB), and 9460 (USD). It carries a management fee of 0.99%, with total recurring annual expenses estimated at 1.99%, and will not distribute dividends to shareholders. The minimum investment size is 100 units, costing approximately US$100 per lot.

This approval expands Hong Kong's crypto ETF offerings beyond Bitcoin and Ethereum, making Solana the third cryptocurrency to receive such approval in the city. Solana, known for its ultra-fast transaction speeds, low fees, and applications in decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain-based payments, has a market capitalization of around US$101.4 billion, ranking as the sixth-largest crypto globally.

ChinaAMC, which has previously launched spot Bitcoin and Ethereum ETFs under SFC supervision, aims to bridge traditional finance and the on-chain economy. The ETF will be traded on the OSL Exchange, with OSL Digital Securities serving as the sub-custodian for secure asset management. Analysts believe this move could attract inflows from investors in Hong Kong, mainland China, and other Asia-Pacific markets, enhancing liquidity and institutional confidence in alternative blockchains.

Hong Kong's progressive regulatory stance is seen as a model for other jurisdictions, potentially paving the way for more diversified blockchain ETFs. Despite Solana's price declining slightly by 2% year-to-date in 2025, compared to gains in Bitcoin and Ethereum, the ETF approval is expected to positively impact its adoption and market narrative.