Hong Kong has officially approved Asia’s first spot Solana (SOL) exchange-traded fund (ETF), marking another major milestone in the city’s efforts to position itself as a global digital-asset hub.
According to the Securities and Futures Commission (SFC), the ChinaAMC Solana ETF (ticker: 03460) was authorized on October 17 and is scheduled to begin trading on October 27 on the Hong Kong Stock Exchange (HKEX).
The ETF, issued by China Asset Management Company (ChinaAMC), makes Solana the third cryptocurrency after Bitcoin and Ethereum to gain spot ETF approval in Hong Kong.
ChinaAMC’s official listing details show the ETF will trade in Hong Kong dollars, Chinese yuan, and U.S. dollars, with a board lot size of 100 shares and a management fee of 0.99% per year.
BOCI-Prudential Trustee Limited serves as the fund’s main custodian, while OSL Digital Securities acts as sub-custodian and provides the virtual-asset trading platform.
Unlike futures-based products, the Solana ETF will hold actual SOL tokens in regulated custody accounts, tracking the Solana Market Price Index.
The structure allows investors to gain direct exposure to Solana’s price movements without needing to hold or manage the cryptocurrency themselves.
The approval comes amid rising global interest in Solana as a fast and cost-efficient blockchain supporting decentralized finance (DeFi), NFTs, and tokenized assets. Solana’s network currently processes over 90 million transactions daily, attracting increasing institutional participation.
Market analysts say Hong Kong’s move could set a precedent for other jurisdictions. “This approval reinforces Hong Kong’s position as a digital-asset leader in Asia, ahead of the U.S. in launching altcoin spot ETFs,” said ETF analyst Nate Geraci.
The SFC’s decision follows growing expectations that the U.S. Securities and Exchange Commission (SEC) may soon greenlight similar spot Solana ETFs, after already approving Bitcoin and Ethereum products.
With Solana now recognized alongside the top two cryptocurrencies, Hong Kong continues to expand its regulated crypto-ETF landscape, bridging traditional finance with the next wave of blockchain-based innovation.