Hong Kong has officially approved its first spot Solana exchange-traded fund (ETF), making it the city’s third spot crypto ETF after Bitcoin and Ethereum — and once again placing Hong Kong ahead of the United States in regulatory progress.
The approval, granted by the Hong Kong Securities and Futures Commission (SFC) on Wednesday, allows China Asset Management (Hong Kong) to launch the ChinaAMC Solana ETF, which will be listed on the Hong Kong Stock Exchange, according to the Hong Kong Economic Times.
The ETF will offer both yuan (RMB) and U.S. dollar trading counters, enabling investors to buy and settle shares in either currency. Each trading lot will contain 100 shares, with the minimum entry investment sitting around $100. The fund’s official debut is scheduled for Monday.
The OSL Exchange will handle the ETF’s virtual asset trading operations, while OSL Digital Securities will act as the sub-custodian. ChinaAMC set its management fee at 0.99%, with total annual expenses estimated at 1.99% when including custody and administrative costs.
Hong Kong cements its position in the crypto ETF race
ChinaAMC (Hong Kong) already holds a first-mover advantage in the region, having launched Asia’s inaugural spot Bitcoin (BTC) and Ether (ETH) ETFs earlier in 2025.
The Solana (SOL) ETF approval continues Hong Kong’s momentum as a leading hub for regulated digital asset products. Other nations have also moved in this direction: Brazil introduced the world’s first spot Solana ETF on its national stock exchange last year, and Canada followed suit in April when the Ontario Securities Commission authorized asset managers Purpose, Evolve, CI, and 3iQ to launch Solana-based ETFs.
In another recent development, Kazakhstan unveiled its first spot Bitcoin ETF — the Fonte Bitcoin Exchange Traded Fund (BETF) — on the Astana International Exchange, with BitGo acting as the regulated custodian.
Meanwhile, the United States continues to lag behind, with no Solana ETF approved or listed to date.
Bitwise: “Solana is becoming Wall Street’s favorite chain”
Matt Hougan, Chief Investment Officer at Bitwise, believes Solana is positioned to become the blockchain backbone of Wall Street.
In a conversation with Akshay BD of the Solana Foundation earlier this month, Hougan said traditional finance players find Bitcoin too abstract but are increasingly drawn to Solana’s ecosystem for its practical applications in stablecoin payments and real-world asset tokenization.
According to Hougan, institutions see Solana’s high throughput, low latency, and fast finality as major advantages for integrating blockchain technology into traditional markets — from equities and bonds to commodities and real estate.
“Solana offers what traditional finance understands best — speed, reliability, and real-world utility,” Hougan emphasized.
Hong Kong’s approval marks another major milestone for Solana’s institutional adoption — and a clear signal that the race for global crypto ETF leadership is heating up.
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