Hong Kong has approved its first spot Solana (SOL) exchange-traded fund (ETF), marking another milestone in the region’s expanding crypto ETF landscape. The city’s Securities and Futures Commission (SFC) confirmed that ChinaAMC’s Solana ETF, trading under ticker 3460, received authorization on October 17 and will debut on October 27.
The new fund joins ChinaAMC’s existing spot Bitcoin and Ethereum ETFs, with an annual management fee of 0.99%. BOCI-Prudential Trustee Limited will serve as the primary custodian, while OSL Digital Securities acts as sub-custodian and provides the virtual asset trading platform. Investors can trade the ETF in Hong Kong dollars, Chinese yuan, or U.S. dollars on the Hong Kong Stock Exchange, with a board lot size of 100 shares per currency.
The approval arrives as global anticipation builds for potential U.S. approval of spot Solana and other altcoin ETFs. Hong Kong’s streamlined regulatory framework, removing token-specific filing requirements, has already accelerated institutional interest in diversified crypto products.
This milestone follows earlier momentum in the region, such as MemeStrategy’s June investment in 2,440 SOL tokens worth about $377,000, signaling growing confidence in Solana’s role in blockchain, DeFi, and AI-driven Web3 innovation.
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