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- Hong Kong’s SFC approved its first Solana spot ETF.
- The ETF allows trading in RMB and USD with a minimum investment of $100.
- Solana’s speed and scalability make it attractive for institutional investors.
Hong Kong has once again made headlines in the crypto world by approving its first Solana (SOL) spot exchange-traded fund (ETF). The approval marks the third crypto spot ETF sanctioned by the city, following Bitcoin and Ethereum ETFs earlier this year. Investors can now gain direct exposure to Solana through a regulated, exchange-listed fund, signaling growing mainstream acceptance of digital assets in Asia.
Details of the Solana Spot ETF
The China Asset Management (Hong Kong) Solana ETF will debut on the Hong Kong Stock Exchange on Monday. Investors will have the flexibility to trade and settle in either RMB or USD, with each unit comprising 100 shares and a minimum investment of approximately $100.
The ETF’s virtual asset trading platform will be managed by OSL Exchange, with OSL Digital Securities serving as sub-custodian. ChinaAMC has set the management fee at 0.99%, with total custody and administrative costs capped at 1% of the sub-fund’s net asset value, resulting in an estimated annual expense ratio of 1.99%.
Hong Kong Strengthens Its Crypto ETF Leadership
ChinaAMC is no stranger to pioneering crypto investment products in Asia, having launched the region’s first Bitcoin and Ethereum spot ETFs earlier this year. With Solana joining the lineup, Hong Kong is clearly positioning itself as a global hub for crypto ETFs, ahead of other jurisdictions like the United States, where no Solana spot ETF has been approved yet.
Internationally, Solana spot ETFs have already been introduced in Brazil and Canada, reflecting growing global demand. In Kazakhstan, the first spot Bitcoin ETF recently launched, further illustrating the international momentum for regulated crypto investment products.
Also Read: APAC Stablecoin Market Hits $2.4T, Singapore & Hong Kong Lead
Solana’s Appeal to Institutional Investors
Experts see Solana as a blockchain poised to attract institutional attention. Bitwise CIO Matt Hougan recently described Solana as “the new Wall Street,” highlighting its speed, high throughput, and transaction finality as key advantages. Traditional financial players, he noted, are drawn to Solana’s potential for stablecoin payments and real-world asset tokenization, areas where Bitcoin and Ethereum are considered less practical.
The approval of Hong Kong’s first Solana spot ETF underscores the city’s commitment to bridging traditional finance with the evolving crypto market. For investors, it opens a new, regulated path to gain exposure to one of the fastest-growing blockchain networks. With Solana ETFs already gaining traction globally, Hong Kong’s move could accelerate mainstream adoption and attract institutional interest in Asia.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
