Solana Joins Bitcoin, Ethereum as Hong Kong Approves Spot ETF

The Hong Kong Securities and Futures Commission has officially approved the first Solana spot ETF. This marks a historic milestone for the cryptocurrency market in Asia. This makes Solana the third cryptocurrency to receive approval for a spot ETF in Hong Kong. It follows Bitcoin and Ethereum.

The ETF is issued by China Asset Management. It is expected to debut on the Hong Kong Stock Exchange (HKEX) on October 27 under the code 03460. With this listing Hong Kong strengthens its position as a leading global hub for digital asset innovation.

Hong Kong Expands Its Crypto ETF Offerings

The approval signals Hong Kong growing openness toward digital asset investment. China Asset Management (Hong Kong), also known as ChinaAMC. It has already launched spot ETFs for Bitcoin and Ethereum earlier this year. Now, with Solana joining the lineup, Hong Kong becomes the first Asian market to host spot ETFs for three major cryptocurrencies. According to reports from the Hong Kong Economic Journal, the Solana ETF will include RMB (83460) and USD (9460) trading counters. 

The minimum investment size is 100 units. Analysts estimate it to cost around US$100 (HK$780) per lot. Furthermore, the OSL Exchange, one of the few licensed virtual asset trading platforms in Hong Kong, will trade the ETF. In addition, OSL Digital Securities will serve as the sub-custodian, ensuring secure management of digital assets. The management fee is 0.99%, consequently, with total recurring annual expenses are estimated at 1.99%. Finally, the fund will not distribute dividends to shareholders.

Why Solana Matters

Solana has emerged as one of the most promising blockchain networks. It is known for its speed, scalability and low transaction costs. It supports dApps, DeFi, and non-fungible tokens (NFTs). With a market capitalization of approximately US$101.4 billion, Solana ranks as the sixth-largest crypto globally, according to CoinGecko. It stands behind Bitcoin, Ethereum, Tether, Binance Coin, and Ripple but ahead of USD Coin.

Interestingly, ChinaAMC announced a localized Chinese name for Solana, “Solala,” as part of its branding strategy in the region. The fund manager described SOL as the native unit of account for a decentralized peer-to-peer network. It emphasizes that its value depends on market supply and demand. Rather than being backed by any government or institution.

Market Reaction and Performance

Despite the growing institutional attention, the SOL market performance has been relatively weak in 2025. While Bitcoin and Ethereum have risen around 14% year-to-date. Solana price has declined slightly by 2%. However, analysts believe the approval of a Solana spot ETF could help change that narrative. The listing provides traditional investors with easier access to Solana exposure through regulated markets. This could increase liquidity and confidence.

A Major Step for Asia’s Crypto Market

The introduction of the Solana ETF solidifies Hong Kong’s role as a regional leader in crypto finance. In other words, by allowing investors to trade Bitcoin, Ethereum, and now Solana ETFs, the city is bridging the gap between traditional finance and blockchain innovation.

Furthermore, with global asset managers like ChinaAMC driving institutional-grade crypto products, the approval signals Hong Kong’s intent to stay competitive in the rapidly evolving digital asset economy. Consequently, as Solana joins Bitcoin and Ethereum on the exchange, the city’s crypto ETF ecosystem is officially entering its next phase—one driven by regulation, innovation, and broader investor access.der investor access.