Hong Kong’s Securities and Futures Commission (SFC) has approved Asia’s first spot Solana (SOL) exchange-traded fund (ETF). This approval marks a new milestone in the city’s effort to expand its role as a regional crypto finance hub.
The ETF, managed by ChinaAMC (Hong Kong), will begin trading on October 27. The minimum investment threshold is around $100.
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Expanding Crypto ETF Options in Hong Kong
The SFC has approved the launch of a spot Solana (SOL) ETF. It becomes the third cryptocurrency-based spot ETF authorized in Hong Kong, following Bitcoin (BTC) and Ethereum (ETH).
ChinaAMC will fully back the product with physical Solana holdings, giving investors direct exposure to the token’s market performance.
Solana Spot ETFs Are Heating Up
• Early market traction: +$409 M net inflows so far
• Last week’s surge: +$156 M (week ending Oct 20)
• Small dip (–$4.5 M on Oct 21) — brief cooldown before the next wave?
Hong Kong’s first SOL ETF launches Oct 27 — global… pic.twitter.com/ZUOWnD7eBw— Block2050HQ (@Block2050HQ) October 23, 2025
The approval makes Hong Kong the first jurisdiction in Asia to list a 100% spot Solana ETF — ahead of any comparable initiative in the United States, where regulators have yet to approve similar products.
Strengthening Hong Kong’s Role as a Regional Crypto Hub
ChinaAMC (Hong Kong) already manages spot ETFs for Bitcoin and Ethereum, giving it operational experience in the crypto-ETF space. The addition of a Solana-based product broadens the offering available to both institutional and retail investors seeking diversification beyond the major tokens.
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In February 2025, the Hong Kong government published its “A-S-P-I-Re” roadmap. The plan outlines 12 measures across five strategic pillars to develop the virtual-asset ecosystem.
Earlier, in April 2024, Hong Kong approved six spot ETFs for Bitcoin and Ethereum, making it the first Asian market to do so. The latest approval is viewed as a significant extension of that momentum.
Analysts suggest the Solana ETF could draw investors interested in high-performance layer-1 blockchain exposure. While actual trading volumes will determine success, the regulatory clarity and relatively low threshold may encourage uptake.
The move also signals that Hong Kong is continuing to strike a balance between innovation and investor protection — a factor that could help attract further institutional interest in the region’s digital-asset markets.
Solana (SOL) Price Update
At the time of writing, Solana (SOL) was trading at $186. According to aggregated market data, the price remains far below its January 2025 all-time high of around $295, representing a decline of roughly 35%-40%.
Solana Price Performance. Source: BeInCrypto
Some market watchers see the ETF approval as a factor behind a modest 24-hour uptick in SOL’s price. However, broader crypto-market trends and macro-economic conditions continue to influence the token’s performance.
Nonetheless, the fund launch appears to have added a degree of investor interest and liquidity sentiment around Solana.
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