Hong Kong has approved its first Solana spot exchange-traded fund (ETF), becoming the city’s third crypto spot ETF after Bitcoin and Ethereum.
On Wednesday, the Hong Kong Securities and Futures Commission (SFC) granted approval for the China Asset Management (Hong Kong) Solana ETF, which will list on the Hong Kong Stock Exchange, according to the Hong Kong Economic Times.
The ETF will feature both RMB and USD counters, allowing trading and settlement in either currency. Each trading unit will consist of 100 shares, with a minimum investment of around $100, and the fund is expected to debut on Monday.
The virtual asset trading platform will be operated by OSL Exchange, with OSL Digital Securities serving as sub-custodian. ChinaAMC has set a management fee of 0.99%, while custody and administrative fees are capped at 1% of the sub-fund’s net asset value, resulting in an estimated annual expense ratio of 1.99%.
Hong Kong continues to lead in crypto ETFs
ChinaAMC (Hong Kong) previously launched Asia’s first Bitcoin and Ethereum spot ETFs, both approved earlier this year.
Hong Kong’s approval of a Solana spot ETF strengthens its position as a hub for crypto ETFs, following a trend seen in other regions. For comparison, Brazil became the first country to debut a spot Solana ETF on its stock exchange last year, ahead of many global markets.
Global crypto ETF landscape: Solana gains momentum
In April 2025, spot Solana ETFs also launched in Canada, after the Ontario Securities Commission (OSC) approved asset managers Purpose, Evolve, CI, and 3iQ to issue ETFs holding Solana.
Meanwhile, Kazakhstan introduced its first spot Bitcoin ETF, the Fonte Bitcoin Exchange Traded Fund (BETF), on the Astana International Exchange, with BitGo acting as the regulated crypto custodian.
The United States has yet to approve or launch a Solana spot ETF, leaving it behind other global markets in offering institutional access to SOL via ETFs.
Bitwise: Solana as Wall Street’s preferred blockchain
Matt Hougan, chief investment officer at Bitwise, said Solana is positioned to become the primary blockchain for stablecoins and real-world asset tokenization, dubbing it “the new Wall Street.”
Speaking with the Solana Foundation’s Akshay BD, Hougan noted that while Bitcoin is often viewed as too abstract by traditional finance players, stablecoins and tokenized assets have transformative potential for payments, stocks, bonds, commodities, and real estate markets.
He added that institutional investors favor Solana’s speed, throughput, and transaction finality, making it especially attractive for enterprise and large-scale financial applications.
