Hong Kong has approved its first spot Solana exchange-traded fund (ETF), becoming one of the few global jurisdictions to authorize institutional-grade Solana investment products — and once again outpacing the United States in crypto market innovation.
The Hong Kong Securities and Futures Commission (SFC) granted approval on Wednesday for the China Asset Management (Hong Kong) Solana ETF, which will debut on the Hong Kong Stock Exchange (HKEX) as early as Monday, according to the Hong Kong Economic Times.
Earlier coverage: Crypto ETP Inflows Hit $48.7B in 2025, Surpassing 2024 Record as Ether and Altcoins Surge
The new Solana ETF will feature both RMB and USD trading counters, allowing investors to buy and settle shares in either currency. Each trading unit will comprise 100 shares, with a minimum investment of roughly $100 USD.
The product’s virtual asset trading infrastructure will be operated by OSL Exchange, one of Hong Kong’s regulated digital asset platforms, while OSL Digital Securities will serve as sub-custodian. ChinaAMC has set a management fee of 0.99%, with total custody and administrative costs capped at 1% of the fund’s net asset value, bringing the total annual expense ratio to 1.99%.
This marks the third crypto spot ETF approved in Hong Kong, following the successful launch of Bitcoin and Ethereum spot ETFs earlier this year — both of which attracted strong institutional interest from across Asia.
Hong Kong Extends Its Lead in Global Crypto ETF Race
ChinaAMC (Hong Kong) has established itself as the regional pioneer in digital asset ETFs, launching Asia’s first spot Bitcoin and Ether ETFs earlier in 2024. The addition of Solana strengthens Hong Kong’s position as Asia’s most progressive crypto investment hub.
Globally, other markets have already begun embracing Solana ETFs. Brazil led the way last year, debuting the world’s first spot Solana ETF on its stock exchange. In April, Canada’s Ontario Securities Commission (OSC) approved a suite of Solana ETFs from asset managers Purpose, Evolve, CI, and 3iQ.
More recently, Kazakhstan joined the movement by launching its Fonte Bitcoin ETF on the Astana International Exchange, marking another step in the global expansion of regulated crypto investment vehicles.
In contrast, the United States continues to lag behind. Despite approving spot Bitcoin and Ethereum ETFs earlier this year, U.S. regulators have yet to authorize any Solana-based investment product, leaving investors waiting amid ongoing regulatory uncertainty.
Bitwise: Solana Is ‘Wall Street’s New Blockchain’
Industry leaders are increasingly bullish on Solana’s future. Matt Hougan, chief investment officer at Bitwise, recently called Solana the blockchain most likely to become “Wall Street’s go-to network” for real-world asset tokenization and stablecoin adoption.
Speaking with the Solana Foundation’s Akshay BD, Hougan explained that while Bitcoin remains viewed as an abstract store of value, Solana’s speed, low costs, and high throughput make it ideal for powering stablecoin transactions and tokenized markets.
“When traditional finance looks at blockchain infrastructure, Solana’s performance and scalability stand out,” Hougan said. “It’s where we expect the next wave of institutional adoption to unfold.”