TLDR
- Hong Kong regulators approved the first Solana spot ETF, managed by China Asset Management, launching October 27 on the Hong Kong Stock Exchange with ticker code 03460.
- The ETF requires a minimum investment of $100 for 100 shares, charges a 0.99% management fee, and will trade on OSL Exchange with custody by OSL Digital Securities.
- Solana joins Bitcoin and Ethereum as the third cryptocurrency with spot ETF approval in Hong Kong, positioning the city as a regional digital asset leader.
- The 21Shares Solana ETF received US approval this month, with VanEck, Bitwise, Grayscale, Fidelity, Franklin Templeton, and CoinShares also approved for SOL ETF listings.
- Solana ranks as the sixth-largest cryptocurrency with a $100.8 billion market cap, trailing Bitcoin, Ethereum, Tether, Binance Coin, and Ripple.
Hong Kong has approved its first Solana spot exchange-traded fund. The Securities and Futures Commission granted approval to China Asset Management for the product.
The ETF will begin trading on October 27. It will list on the Hong Kong Stock Exchange under ticker code 03460.
Solana becomes the third cryptocurrency to receive spot ETF approval in Hong Kong. Bitcoin and Ethereum received approval earlier in 2024.
The minimum investment stands at 100 shares. This equals approximately $100 or HK$780 per trading lot.
China Asset Management will charge a 0.99% management fee. The total annual expense ratio is estimated at 1.99%.
The fund will not pay dividends to investors. OSL Digital Securities will provide custody services for the ETF.
Investment Structure and Trading Details
The ETF will trade on the OSL Exchange. This platform is one of Hong Kong’s licensed virtual asset trading platforms.
Each trading unit contains 100 shares. The ETF will offer both RMB and USD trading counters for investors.
China Asset Management operates Bitcoin and Ethereum spot ETFs in Hong Kong. The firm introduced “Solala” as the Chinese name for Solana in the region.
Solana has a market capitalization of $100.8 billion. CoinGecko data shows it ranks as the sixth-largest cryptocurrency globally.
The blockchain sits behind Bitcoin, Ethereum, Tether, Binance Coin, and Ripple. It maintains a position above USD Coin in total market value.
Custody and administrative costs are capped at 1% of the fund’s net asset value. The ETF structure provides regulated access to Solana for traditional investors.
US Approvals and Global Expansion
The United States approved the 21Shares Solana Spot ETF earlier this month. The SEC cleared the Form 8-A filing for trading on a major exchange.
Multiple asset managers received approval for Solana ETF proposals. VanEck, Bitwise, Grayscale, Canary Capital, Franklin Templeton, Fidelity, and CoinShares are preparing to launch products.
These ETFs are expected to list in the coming weeks. Some products may include staking features to attract institutional capital.
Solana supports decentralized applications, decentralized finance protocols, and NFTs. The blockchain offers fast transaction speeds and low costs.
Market Performance and Outlook
Solana price declined 2% year-to-date in 2025. Bitcoin and Ethereum gained approximately 14% during the same timeframe.
Analysts suggest the ETF approvals could change the price trajectory. Forecasts indicate SOL could reach $300 if institutional demand grows.
Hong Kong now offers spot ETFs for three major cryptocurrencies. The city competes with other financial centers for digital asset business.
The approval strengthens Hong Kong’s position as Asia’s leading hub for regulated crypto products. Traditional investors gain exposure to Solana through compliant investment vehicles.
China Asset Management manages some of Hong Kong’s largest funds. The firm’s crypto ETF portfolio now includes Bitcoin, Ethereum, and Solana.
The OSL Exchange will facilitate all trading activity for the new product. Trading begins on October 27 with both local and international investor access.
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