Hong Kong has approved Asia’s first spot Solana exchange-traded fund (ETF), marking a major milestone in the region’s crypto investment landscape. The ETF, issued by Hong Kong’s China Asset Management (ChinaAMC), is set to begin trading on October 27 as part of the city’s growing effort to expand regulated and easy access to digital assets.

Hong Kong Grants First Solana ETF Approval

Hong Kong has taken a decisive step toward cementing its status as Asia’s hub for regulated digital assets, with the Securities and Futures Commission (SFC) approving the region’s first spot Solana ETF.

The product, issued by Hong Kong’s China Asset Management (ChinaAMC), is set to debut on the Hong Kong Stock Exchange on October 27, making Solana the third cryptocurrency after Bitcoin and Ethereum, which both gained approval on April 15 and began trading on the 30th of the same month, to gain approval for a spot ETF in the city.

The SFC’s authorization, granted on October 17, positions Hong Kong ahead of the United States, which has yet to approve any Solana-based ETFs despite growing market anticipation. This milestone adds Hong Kong to a short list of global jurisdictions, including Brazil, which approved the world’s first Solana spot exchange-traded fund, Canada’s provincially regulated Solana ETF, and Kazakhstan’s BitGo-backed spot ETF, that have already permitted the trading of spot ETFs.

ChinaAMC’s Solana ETF Launches With Multi-Currency Access

ChinaAMC discloses that the Solana ETF will trade under multiple currencies, including Hong Kong dollars, Chinese yuan, and US dollars, with each unit comprising 100 shares. The minimum investment is set at around $100, making it accessible to retail investors. The ETF carries a management fee of 0.99%, while total annual expenses, including custody and administrative costs, are capped at approximately 1.99% of the fund’s net asset value.

The fund’s structure reflects a growing commitment by Hong Kong regulators to balance accessibility with investor protection. OSL Digital Securities, a licensed virtual asset service provider, will handle sub-custody and trading platform operations, while the trustee, fund administration, and custody firm BOCI-Prudential Trustee Limited will serve as the main custodian. This combination underscores the city’s approach of embedding traditional financial oversight within its digital asset framework.

ChinaAMC’s new Solana ETF builds on the firm’s success with Bitcoin and Ethereum spot funds, both launched earlier this year. Its entry into Solana marks not only the third major crypto ETF in Hong Kong but also the first spot Solana ETF to be listed in Asia. This forms part of a broader effort by Hong Kong to expand retail access to virtual assets under strict regulatory supervision, a contrast to the more cautious approach taken by neighboring markets.

Global Momentum and Hong Kong’s Growing Leadership in Digital Assets

Globally, Solana ETFs are gaining momentum. Several major asset managers, including VanEck, Bitwise, Fidelity, Franklin Templeton, and Grayscale, are awaiting listing approvals for their Solana products pending the end of the partial US government shutdown, which has halted SEC functions since it began on October 1. This wave of activity highlights a growing institutional recognition of Solana’s potential as a high-performance blockchain network.

With this approval, Hong Kong not only widens its lead in Asia’s regulated crypto ETF race but also signals its readiness to integrate blockchain-based financial products into mainstream investment portfolios. The upcoming October 27 launch is expected to showcase investors’ confidence in Solana and in Hong Kong’s digital asset vision and the evolving financial landscape it is building.