In a major move signaling Asia’s growing dominance in digital finance, Hong Kong has approved its first spot Solana ETF, giving investors regulated access to one of the fastest-growing blockchains.
Key Takeaways
- ChinaAMC’s Solana ETF will list on the Hong Kong Stock Exchange on October 27, trading in USD, yuan, and HKD.
- The ETF requires a minimum investment of $100 per 100-unit lot, with a management fee of 0.99% and total annual costs of about 1.99%.
- Hong Kong becomes the first in Asia to launch a spot Solana ETF, outpacing the United States, where similar products remain under review.
- Solana’s rising institutional appeal is gaining momentum amid bullish price forecasts and wider adoption for real-world asset tokenization.
What Happened?
Hong Kong’s Securities and Futures Commission (SFC) has approved the city’s first spot Solana exchange-traded fund, developed by China Asset Management (Hong Kong) Ltd. The ETF will go live on October 27, trading on the Hong Kong Stock Exchange. It is the third spot crypto ETF launched in the city, following ChinaAMC’s earlier Bitcoin and Ethereum ETFs.
After Bitcoin and Ethereum, Solana becomes the third approved crypto spot ETF.
— Henk (@Henk09298646192) October 22, 2025
The Hong Kong SFC has approved the first Solana spot ETF, issued by China Asset Management.
The ETF, trading is set to list on the Hong Kong Stock Exchange (HKEX) on October 27. pic.twitter.com/Qsk8mqB5La
Hong Kong Solidifies Its Role as Asia’s Crypto Leader
With this new listing, Hong Kong cements its place as a frontrunner in the regulated crypto investment space. The ChinaAMC Solana ETF offers investors an accessible entry point into Solana’s price performance without requiring direct token ownership. Investors can purchase lots of 100 units with an entry-level cost of approximately $100.
Key details include:
- Management Fee: 0.99%.
- Total Annual Expense Ratio: Estimated at 1.99% (includes custody and administrative fees).
- Currency Options: Trades available in USD, Chinese yuan, and HKD.
- Staking Not Supported Initially: Pending regulatory reassessment.
The fund’s trading operations will be managed by OSL Exchange, while OSL Digital Securities will serve as sub-custodian.
A Head Start Over the U.S. and Others
Hong Kong’s proactive stance stands in stark contrast to the United States, where regulators have not yet approved any spot Solana ETFs. While the U.S. Securities and Exchange Commission continues to review proposals like VanEck’s Spot Solana ETF filing, Asia is pushing ahead.
Other countries already ahead of the U.S. in this space include:
- Canada: Approved four Solana-based ETFs in April.
- Brazil: Launched its first Solana ETF last year.
- Kazakhstan: Recently introduced a spot Bitcoin ETF.
Hong Kong’s regulatory environment and fast-tracked crypto ETF approvals make it a rising hub for global digital asset adoption.
Solana’s Institutional Surge
The approval comes at a time of growing institutional confidence in Solana. According to Bitwise CIO Matt Hougan, Solana is poised to become “the new Wall Street”, highlighting its suitability for stablecoin payments and real-world asset tokenization. Hougan emphasized that while Bitcoin is digital gold, Solana’s speed and scalability position it as the foundation for modern financial infrastructure.
On the price front, SOL was trading near $186.24, down slightly by 0.25%, yet analysts remain optimistic. Some predict price targets between $300 and $400, citing what they call a “sweet zone” for entries below $200.
One crypto strategist stated:
🚀 $SOL Ready for Takeoff!
— CryptoPulse (@CryptoPulse_CRU) October 22, 2025
We’ve been loading up under $200 just as planned, and now it’s go time. Price is still sitting in the sweet zone, but not for long — this week is your window before the next explosive move.
With targets at $300–$400+ and stops under $150, the… pic.twitter.com/BqGigxYOSw
CoinLaw’s Takeaway
In my experience, few events shake up the crypto investment space like a major ETF approval, especially one that leaps ahead of U.S. regulators. This is more than just another product listing. It’s a strategic milestone that underscores how Asia is outpacing the West in digital asset innovation. The Solana ETF in Hong Kong offers a regulatory green light for institutions and retail investors alike who want exposure without the technical barriers of self-custody. I found it particularly telling that Hong Kong is already on its third spot crypto ETF, while the U.S. drags its feet. This isn’t just about Solana. It’s about the global race to lead the next era of finance, and Hong Kong is showing up strong.
