- Hong Kong’s SFC approved ChinaAMC’s Solana ETF, Asia’s first spot Solana listing on HKEX.
- The ETF lists on October 27 with a 0.99% management fee and a 1.99% annual recurring expense ratio.
- Analysts expect $1.5 billion inflows as institutional demand for Solana grows amid expanding DeFi adoption.
Hong Kong has approved the region’s first Solana spot ETF, making it the third crypto to receive such recognition after Bitcoin and Ethereum. The Securities and Futures Commission (SFC) granted authorization to China Asset Management (Hong Kong) on October 17. The ChinaAMC Solana ETF will list on the Hong Kong Stock Exchange (HKEX) on October 27, offering investors exposure to Solana’s native token under a fully regulated framework.
Retail Access Through Regulated Structures
According to the SFC’s official website, the ChinaAMC Solana ETF (03460) will be available in Hong Kong dollars, Chinese yuan, and U.S. dollars. Each trading unit will represent 100 shares, with a minimum investment of roughly US$100, or about HK$780.
The ETF’s structure resembles ChinaAMC’s earlier Bitcoin and Ethereum spot funds, reinforcing its leadership in digital asset management within the region. The main custodian for the fund will be BOCI-Prudential Trustee Limited, while OSL Digital Securities will act as sub-custodian and provide trading support through OSL Exchange.
The ETF carries a management fee of 0.99% per year, with custody and administrative fees capped at 1% of its net asset value. Combined, these result in an annual recurring expense ratio of approximately 1.99%. The fund will not issue dividends to shareholders.
Institutional Confidence in Solana
The approval comes amid rising institutional demand for Solana-based financial products. On October 13, the CME Group introduced Solana futures options, further signaling institutional confidence in the network’s growth.
According to ChinaAMC, the ETF aims to provide straightforward access to Solana’s ecosystem while supporting broader Web3 market development. JPMorgan analysts estimated that Solana ETFs could attract around $1.5 billion in net inflows during their first year.
The figure is roughly one-seventh of Ethereum ETF inflows during their debut year. Analysts cited the smaller DeFi total value locked (TVL) on Solana compared to Ethereum as a primary reason for the difference in scale.
Why Solana Gained Early Approval
Industry observers attribute Hong Kong’s approval to Solana’s network performance, which features high-speed transactions and low fees. The blockchain handles more than 90 million transactions daily, strengthening its position in decentralized finance and NFT applications. Institutional interest has surged by over 230%, with firms like Forward Industries and Helius expanding their holdings for staking and treasury reserves.
ETF specialist Nate Geraci noted that Hong Kong remains ahead of the United States in providing regulatory clarity for digital asset funds. He added that Solana’s approval could pave the way for additional blockchain ETFs, including Cardano and Avalanche, once frameworks advance.
