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Hong Kong Approves First Spot Solana ETF
Asia • Crypto ETFs • Solana

Hong Kong Approves First Spot Solana ETF

Published · ~3 min read
Hong Kong skyline and Solana ETF concept
Hong Kong becomes the first Asian market to approve a spot Solana ETF.

The Hong Kong Securities and Futures Commission (SFC) has officially approved the launch of the first spot Solana ETF in Asia, marking a major step forward for institutional cryptocurrency adoption and regional digital finance innovation.

Key Details

  • The ETF is managed by China Asset Management (Hong Kong) and will be listed on the Hong Kong Stock Exchange (HKEX) on October 27.
  • It will trade in HKD, RMB, and USD with three ticker codes: 3460, 83460, and 9460.
  • Management fees are set at 0.99% annually, with total expenses capped at 1%.

Strategic Importance

The approval makes Solana (SOL) the third major cryptocurrency—after Bitcoin and Ethereum—to secure a regulated ETF listing in Hong Kong. This move further reinforces the region’s ambition to position itself as a leading hub for digital asset innovation.

“This is a clear sign that Hong Kong intends to lead Asia in compliant crypto investment vehicles,” said a spokesperson for ChinaAMC.

Global Context

While U.S. regulators continue to delay spot ETF approvals for non-Bitcoin assets, Hong Kong’s proactive stance is attracting institutional investors across Asia. Market analysts suggest that the Solana ETF could pave the way for additional altcoin-based ETFs in the near future.

Market Reactions

Following the announcement, Solana’s price briefly rose 6% as investor sentiment strengthened. Experts say this ETF will provide regulated exposure for investors seeking blockchain projects with strong scalability and DeFi potential.

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