TLDR

• Hong Kong’s Securities and Futures Commission approved the first Solana spot ETF, managed by China Asset Management, set to begin trading on October 27 on the Hong Kong Stock Exchange.
• Solana becomes the third cryptocurrency to receive spot ETF approval in Hong Kong after Bitcoin and Ethereum, with a minimum investment of around $100 for 100 shares.
• The ETF carries a 0.99% management fee and 1.99% total annual expenses, with OSL Exchange handling trading and OSL Digital Securities providing custody services.
• In the US, the 21Shares Solana Spot ETF received SEC approval earlier this month, with several other issuers including VanEck, Bitwise, and Grayscale also receiving approval for Solana ETF proposals.
• Solana has a market capitalization of about $100.8 billion, ranking as the sixth-largest cryptocurrency globally behind Bitcoin, Ethereum, Tether, Binance Coin, and Ripple.

Hong Kong regulators have approved the first Solana spot exchange-traded fund. The Securities and Futures Commission granted approval to China Asset Management for the product.

Trading will begin on October 27 on the Hong Kong Stock Exchange. The ETF will trade under the code 03460.

Breaking: Hong Kong Securities and Futures Commission (SFC) has officially approved the first Solana (SOL) spot ETF, issued by ChinaAMC (Hong Kong). This marks the third approved cryptocurrency spot ETF after Bitcoin and Ethereum, and the first of its kind in Asia.…

— Wu Blockchain (@WuBlockchain) October 22, 2025

This makes Solana the third cryptocurrency to receive spot ETF approval in Hong Kong. Bitcoin and Ethereum were approved earlier this year.

The minimum investment is set at 100 shares. This equals approximately $100 or HK$780 per lot.

The ETF will trade on the OSL Exchange. OSL Digital Securities will handle custody and settlement services.

China Asset Management will charge a management fee of 0.99%. Custody and administrative costs are capped at 1% of net asset value.

The total estimated annual expense ratio stands at 1.99%. The fund will not distribute dividends to investors.

Structure and Investment Details

Each trading unit consists of 100 shares. The ETF will offer both RMB and USD trading counters.

China Asset Management already operates Bitcoin and Ethereum spot ETFs in Hong Kong. The firm introduced a localized Chinese name for Solana called “Solala” as part of its regional branding.

Solana currently has a market capitalization of $100.8 billion. This ranks it as the sixth-largest cryptocurrency globally according to CoinGecko data.

The blockchain sits behind Bitcoin, Ethereum, Tether, Binance Coin, and Ripple. It trades above USD Coin in market value.

US Market Developments

The 21Shares Solana Spot ETF received approval in the United States earlier this month. The SEC cleared the Form 8-A filing, allowing the product to custody SOL and trade on a major American exchange.

🚨 Solana Spot ETF approved – SEC approves @21shares 8-A. https://t.co/39k1jSAbJy pic.twitter.com/nOCm8eG5mf

— Solana Daily (@solana_daily) October 17, 2025

Several other asset managers have received approval for Solana spot ETF proposals. VanEck, Bitwise, Grayscale, Canary Capital, Franklin Templeton, Fidelity, and CoinShares are among the approved issuers.

These products are expected to list soon. The 21Shares product may include staking features, which could attract institutional investors.

Solana supports decentralized applications, decentralized finance, and non-fungible tokens. The blockchain is known for its transaction speed and scalability.

The Solana price has declined 2% year-to-date in 2025. This contrasts with Bitcoin and Ethereum, which have each risen around 14% during the same period.

Some analysts forecast SOL could rally toward $300 if institutional demand increases. The ETF approvals provide traditional investors with regulated access to Solana exposure.

Hong Kong now offers spot ETFs for three major cryptocurrencies. The city positions itself as a leading hub for regulated digital assets in Asia.

The OSL Exchange is one of the few licensed virtual asset trading platforms in Hong Kong. The platform will facilitate trading for the new Solana ETF.