Hong Kong Approves Solana Spot ETF as Trading Set to Begin October 27

Highlights:

• Hong Kong has approved a Solana ETF that will start trading next week.
• The Solana Spot ETF tracks the CME CF Solana Index with licensed custodians ensuring transparent and regulated trading.
• The Solana ETF launch in Brazil and Canada shows rising institutional demand for regulated crypto exposure.

Hong Kong’s Securities and Futures Commission (SFC) has approved the city’s first Solana exchange-traded fund (ETF) managed by China Asset Management (ChinaAMC). The approval marks Hong Kong’s third crypto spot ETF after Bitcoin and Ethereum. Trading is set to begin on October 27 on the Hong Kong Stock Exchange.

BREAKING: 🇭🇰 Hong Kong has approved first Solana $SOL ETF. pic.twitter.com/nTabA4E4Wm

— Ash Crypto (@Ashcryptoreal) October 22, 2025

The ETF will list under three tickers — 3460 for HKD, 83460 for RMB, and 9460 for USD. Investors may trade 100-share lots in Hong Kong dollars, yuan, or U.S. dollars. The product will enable settlement in all three currencies, and this will give the local and international investors more flexibility. ChinaAMC confirmed that the ETF will closely track Solana’s performance and provide direct exposure to the token.

The approval underscores Hong Kong’s increasing interest in developing a controlled market for digital assets. The city still aims to establish itself as a regional crypto innovator, even though it faces stricter monitoring by mainland regulators. The SFC has recently passed three spot crypto ETFs this year, which has solidified its position ahead of many of the global markets.

Inside Hong Kong’s First Solana Spot ETF Structure

The Solana Spot ETF will track the CME CF Solana-USD Index, making it transparent and consistent with world pricing. ChinaAMC set a management fee of 0.99%, while overall annual expenses will be around 1.99% of the fund’s net asset value. Each trading lot will consist of 100 shares, and investors can buy or sell through licensed trading platforms.

OSL Exchange will operate the ETF’s virtual asset trading platform, while OSL Digital Securities will act as the sub-custodian. Main custody operations will be managed by BOCI-Prudential Trustee Limited. These licensed companies will handle any crypto-related transactions to ensure compliance with SFC regulations. The ETF will not stake any of its holdings in Solana, but will be solely tracking the market performance.

ChinaAMC, which has already launched the first Bitcoin and Ethereum ETFs in the Asian market earlier this year, is not stopping the further expansion of its crypto line. Those products attracted the attention of institutional and retail investors interested in regulated exposure to digital assets. The new Solana fund contributes to that trend by offering more choices to crypto investors.

Global Crypto ETF Landscape and U.S. Delays

Hong Kong’s approval of the Solana ETF follows similar developments in other global markets. Brazil introduced its first Solana ETF last year, becoming the earliest country to offer the product. Canada soon followed when regulators approved asset managers Purpose, Evolve, CI, and 3iQ to issue Solana-based ETFs. Most recently, Kazakhstan added its name to the list by debuting its first Bitcoin ETF on the Astana International Exchange.

In the meantime, the United States is lagging. The U.S. Securities and Exchange Commission (SEC) has yet to approve any spot Solana ETF proposals. The decision, expected earlier this month, has been delayed amid the ongoing government shutdown. Market analysts from JPMorgan estimate Solana ETFs could attract about $1.5 billion in inflows during their first year. That figure represents nearly one-seventh of Ethereum ETF inflows during their debut year.

There’s now 155 crypto ETP filings tracking 35 different digital assets. Could easily end up seeing over 200 hit mkt in next 12mo. Total land rush. Here’s the list by coin, amazing work from @JSeyff pic.twitter.com/dKyiySxn0H

— Eric Balchunas (@EricBalchunas) October 21, 2025

At the same time, regulatory tightening from mainland China has influenced Hong Kong’s cautious stance on tokenization and stablecoin projects. Regulators have requested certain companies to suspend new projects related to the real-world tokenization of assets. Regardless of this, Hong Kong is still developing regulated digital investment products, indicating a balanced form of innovation and control.