Hong Kong’s Securities and Futures Commission (SFC) has approved China Asset Management Company’s (ChinaAMC) application to launch a Solana Exchange-Traded Fund (ETF).
This marks Hong Kong’s first spot ETF tied directly to Solana, one of the world’s leading blockchain networks.
The ChinaAMC Solana ETF will debut on the Hong Kong Stock Exchange (HKEX) Main Board on October 27. It will be listed under three ticker codes: 3460 for Hong Kong dollars, 83460 for yuan, and 9460 for USD. Each trading lot will consist of 100 shares.
Fund Structure and Investment Approach
According to an HKEX filing, the ETF aims to replicate the performance of Solana’s native token, SOL. The fund will invest all of its assets directly in SOL. It will subsequently track the CME CF Solana-USD Index, which represents an Asia-Pacific (APAC) reference rate.
All transactions will take place through SFC-licensed virtual-asset trading platforms, ensuring regulatory oversight. The filing also clarifies that the ETF won’t engage in staking or earn rewards from holding SOL tokens.
Regulatory Tensions in the Background
The approval comes amid increased scrutiny of digital assets from Beijing. For instance, in recent weeks, mainland regulators have directed state-backed brokers to suspend real-world asset tokenization initiatives.
At the same time, they have urged major technology firms to discontinue their stablecoin development plans.
Nevertheless, Hong Kong has continued to carve out a distinct regulatory path, aiming to balance investor protection with innovation.
Thus, the launch of the Solana ETF reflects the city’s determination to attract both institutional and retail crypto investors under a supervised framework.
Hong Kong Moves Ahead of the United States
The move also places Hong Kong ahead of the United States, where the Securities and Exchange Commission (SEC) has yet to approve any spot Solana or altcoin ETFs. The SEC was anticipated to issue its initial decisions by October 10. However, ongoing government shutdown delays have necessitated a postponement of this timeline.
This development gives Hong Kong an early advantage in offering regulated crypto exposure, strengthening its status as a gateway between traditional finance and digital assets.
Solana Market Snapshot
As of Wednesday, SOL ranked as the world’s sixth-largest cryptocurrency, according to data from CoinGecko. The token’s market capitalization stood just above $100 billion, with SOL trading around US$186.
The cryptocurrency has fallen about 2.7% in 2025 but remains 10% higher than a year ago, highlighting its long-term resilience despite short-term volatility.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
