Home
Cryptocurrency
Cryptocurrency News
Hong Kong’s Securities Regulator Approves First Spot Solana ETF

Hong Kong’s Securities Regulator Approves First Spot Solana ETF

ChinaAMC launches Solana ETF in Hong Kong, letting investors trade in yuan and dollars by October 27

Written by Rahul Dhingra, Edited by David Delima | Updated: 23 October 2025 17:31 IST

Hong Kong’s Securities Regulator Approves First Spot Solana ETF

Photo Credit: Unsplash/GuerrillaBuzz

Solana’s new Hong Kong ETF will trade in both yuan and US dollars starting October 27

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Solana ETF to trade in multiple currencies with 100-share units
Management and custody fees are capped at 1.99 percent annual
SOL token now has a Chinese name, “Solala”

Hong Kong's securities regulator has approved its first spot Solana exchange-traded fund (ETF), becoming the first Asian market to do so, ahead of the US. The China Asset Management (Hong Kong) Solana ETF will be listed on the Hong Kong Stock Exchange and adds to the city's expanding lineup of regulated crypto products. The approval strengthens Hong Kong's position as a major regional centre for innovation and digital assets, and comes after the Securities and Futures Commission previously authorised spot Bitcoin and Ethereum ETFs.

Solana ETF Broadens Investor Access Beyond Bitcoin, Ethereum

The ChinaAMC Solana ETF will be offered in both Chinese yuan and US dollar counters, and each trading unit will consist of 100 shares. The minimum investment is about $100 (roughly Rs. 8,800). The fund is expected to begin trading on October 27. OSL Digital Securities will serve as sub-custodian, and OSL Exchange will run the online asset trading platform.

The Solana ETF expands investor access to digital assets beyond Bitcoin and Ethereum, strengthening Hong Kong's regulated crypto market and offering a new route for both retail and institutional participants to gain exposure to Solana.

Bitcoin Price Stabilises Around $110,000 Amidst Ongoing Trade Tensions

The report by ChinaAMC further added that the fund carries a management fee of 0.99 percent, and custody and administrative fees are capped at 1 percent of the sub-fund's net asset value, giving an estimated annual expense ratio of about 1.99 percent. The ETF provides direct exposure to Solana's market performance without investors holding the token themselves.

As per CoinGecko, Solana's native token (SOL) has a capitalisation of more than $102 billion (roughly Rs. 8,78,800 crore), making it one of the top cryptocurrencies by market value at the moment. This week, Solana revealed on social media that SOL will be known as “Solala” in Chinese.

Hong Kong's move builds on the SFC's earlier approvals of spot Bitcoin and Ethereum ETFs, a development that was hailed by parts of India's Web3 community as a landmark decision for Asia. Spot Solana ETFs are also allowed in other jurisdictions, such as Kazakhstan, Canada, and Brazil.

Industry experts such as Bitwise CIO Matt Hougan note that Solana's speed, throughput, and transaction finality could make it a preferred blockchain for stablecoins. He describes Solana as "the new Wall Street," highlighting its potential to become the preferred blockchain for traditional financial markets.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Solana, ETFs, crypto news, Hong Kong

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More