Hong Kong Solana ETF Approved Before US Launch

October 22, 2025 – The Hong Kong Solana ETF has officially been approved by the Securities and Futures Commission (SFC), positioning the city ahead of the United States in the race to list a spot Solana exchange-traded fund (ETF).

The approval, granted to China Asset Management (Hong Kong), follows the region’s earlier launches of spot Bitcoin and Ethereum ETFs, strengthening Hong Kong’s role as Asia’s most progressive digital-asset hub.

Inside the Hong Kong Solana ETF

The ChinaAMC Solana ETF will list on the Hong Kong Stock Exchange (HKEX) and offer dual-currency settlement in USD and RMB.
Each trading unit will comprise 100 shares, with a minimum investment near $100, making it accessible to both institutional and retail investors.

The fund’s management fee is 0.99%, and total annual expenses are limited to 1.99% of net asset value.

Its trading platform, OSL Exchange, will manage execution, while OSL Digital Securities acts as the sub-custodian to ensure full compliance with Hong Kong’s virtual asset framework.

Hong Kong’s Crypto ETF Momentum

The Solana ETF marks the third crypto spot ETF approved in Hong Kong following Bitcoin (BTC) and Ethereum (ETH) funds earlier in 2025.
With this latest approval, Hong Kong strengthens its foothold as a regional leader in digital asset innovation, leveraging its clear regulatory regime and international capital access.

Meanwhile, Canada, Brazil, and Kazakhstan have all launched spot Solana or crypto ETFs, while US regulators have yet to authorize one, creating a widening performance gap in global ETF competitiveness.

Why Solana Is Gaining Institutional Attention

According to Bitwise CIO Matt Hougan, Solana is becoming the preferred blockchain for tokenization and stablecoins, thanks to its high throughput, low fees, and rapid transaction finality.

He emphasized that institutions see Solana as a foundation for the next phase of tokenized assets spanning equities, commodities, and real estate due to its ability to process thousands of transactions per second.

As of press time, SOL trades near $185, showing stable momentum despite broad market fluctuations.

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Global and Market Implications

Hong Kong’s approval could accelerate institutional adoption of Solana in Asia, attracting asset managers seeking compliant exposure to blockchain-based ecosystems.

Analysts predict the ETF may catalyze higher trading volumes and liquidity inflows, especially as Solana continues to expand into tokenized finance and decentralized payments infrastructure.

The move also reinforces Hong Kong’s strategy to remain competitive amid regulatory tightening in mainland China, positioning itself as a global bridge between crypto innovation and institutional finance.

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