Securities and Futures Commission (SFC) of Hong Kong has approved the China Asset Management Spot Solana Exchange-Traded Fund, marking a milestone in crypto investment products.
The fund will begin trading on the Hong Kong Stock Exchange on October 27 under three currency counters: HKD (ticker 3460), RMB (83460), and USD (9460). Each lot will represent 100 SOL.
The management fee is set at 0.99%, with custody and administrative fees capped at 1% of net assets, for a total expense ratio of around 1.99%. Trading and settlement will be supported by OSL Exchange and its sub-custodian, OSL Digital Securities.
With this approval, Hong Kong now offers spot-ETF exposure to three major cryptos, Bitcoin, Ethereum, and now Solana, placing it ahead of the U.S., where Solana-spot ETFs remain stalled.
Solana (SOL) was trading around $184 at time of publication, with a market cap above $100 billion, underscoring its status as a top-tier blockchain asset.
What to Watch
As the October 27 launch approaches, key focus areas include actual investor demand (especially from Asia), potential upward pressure on SOL itself, and whether other altcoin spot-ETF applications will move faster in jurisdictions such as the U.S. or Europe. The approval also adds to the narrative of regulated crypto finance expanding beyond Bitcoin and Ethereum, opening the door to broader token-based investment products.
