🤝 Hong Kong is set to mark a new milestone in digital asset investing as China Asset Management Company (ChinaAMC) launches the city’s first-ever spot Solana Exchange-Traded Fund (ETF) 🔥 on October 27. The move signals continued progress in Hong Kong’s ambition to become a leading hub for regulated crypto investment products.
According to the Securities and Futures Commission (SFC), the ChinaAMC Solana ETF (3460) received official approval on October 17, making it the first Solana-based spot ETF authorized in the region.
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The fund, listed on the Hong Kong Stock Exchange (HKEX), will carry a management fee of 0.99% annually. BOCI-Prudential Trustee Limited will act as the primary custodian, while OSL Digital Securities will serve as the sub-custodian and trading platform provider — ensuring strong institutional backing and compliance.
The ETF will be available for trading in three currencies — Hong Kong dollars (HKD), Chinese yuan (CNY), and U.S. dollars (USD) — with each trading board lot consisting of 100 shares per currency.
This approval comes amid rising optimism that the U.S. Securities and Exchange Commission (SEC) could soon approve its own lineup of spot Solana and altcoin ETFs. An initial decision had been expected by October 10, but speculation suggests the timeline was delayed due to the prolonged U.S. government shutdown.
In a move that could accelerate such launches, the SEC recently introduced generic listing standards that remove the need for token-specific ETF filings — simplifying approvals and fueling a surge in crypto ETF applications.
Analysts at JPMorgan estimate that Solana ETFs could attract approximately $1.5 billion in net inflows in the first year, about one-seventh of what Ethereum ETFs pulled in during their debut year. They noted this aligns with Solana’s relatively smaller DeFi total value locked (TVL) when compared with Ethereum’s ecosystem.
As of today, Solana (SOL) is trading at $184.2, down 0.28% over the past 24 hours, with a market capitalization of $100.6 billion—ranking it as the sixth-largest cryptocurrency in the world.
Market observers view this launch as a pivotal step in bridging traditional finance with digital assets, positioning Hong Kong as a key gateway for institutional crypto exposure in Asia.
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