Hong Kong SFC Approves First SOL ETF in Asia Issued by ChinaAMC

The Hong Kong Securities and Futures Commission (SFC) has approved the launch of Asia’s first Solana (SOL) spot ETF, issued by ChinaAMC (Hong Kong). The ETF is set to begin trading on the Hong Kong Stock Exchange on October 27.

This development follows the earlier rollout of Bitcoin and Ethereum ETFs. Now, Solana has become the third cryptocurrency to gain ETF approval under Hong Kong’s regulated digital asset framework. The fund will trade under ticker codes 03460 (HKD), 83460 (RMB), and 9460 (USD). It will be available in 100-share lots across multiple currency counters.

The management fee is set at 0.99% annually, with licensed firms OSL Exchange and OSL Digital Securities overseeing custody and trading operations.

Expanding the Crypto ETF Market

The approval of the Solana ETF issued by ChinaAMC, a digital asset management firm, shows Hong Kong’s strong commitment to becoming a leading hub for regulated digital assets. By extending ETF offerings beyond Bitcoin and Ethereum, the city is opening up more choices for both institutional and individual investors seeking exposure to cryptocurrencies through regulated channels.

Through this ETF, investors can participate in Solana’s growth without directly holding or managing digital tokens, reducing security and storage risks. The move also demonstrates Hong Kong’s ongoing effort to bridge traditional finance with blockchain innovation, giving digital assets a clearer regulatory structure and wider market accessibility.

With this milestone, the city’s continued progress in creating a balanced environment encourages innovation while maintaining strong investor protection standards.

Wen U.S.?

Unlike Hong Kong, the United States has yet to approve the trading of spot Solana ETFs. Since last year, various investment companies have submitted applications to the U.S. Securities and Exchange Comission (SEC) requesting the listing of the SOL-backed financial product.

Recently, the SEC has taken various moves that suggest an incoming approval for the investment vehicle. One of them is the agency’s new generic listing procedure, which has scraped 19b-4 forms, saving 240 days of waiting for applicants. This has led ETF experts like Eric Balchunas to predict that the Solana ETF will debut on the U.S. market soon.

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