Hong Kong's Securities and Futures Commission granted approval for the China Asset Management Solana exchange-traded fund on Wednesday, marking the third spot crypto ETF authorized by the city following Bitcoin and Ethereum products. The fund is set to be listed on the Hong Kong Stock Exchange with an expected debut on Monday.
The product offers both Chinese yuan and U.S. dollar counters, enabling trading and settlement in both currencies. Each trading unit consists of 100 shares with a minimum investment requirement of approximately $100, making the fund accessible to a broad range of investors seeking exposure to the blockchain network.
OSL Exchange will operate the ETF's virtual asset trading platform, while OSL Digital Securities serves as sub-custodian. ChinaAMC established a management fee of 0.99%, with custody and administrative fees capped at 1% of the sub-fund's net asset value, resulting in an estimated annual expense ratio of 1.99%.
Global Regulatory Landscape for Crypto ETFs
ChinaAMC previously launched Asia's first Bitcoin and Ethereum spot ETFs earlier in 2025. Hong Kong's approval of the Solana ETF comes as multiple jurisdictions advance similar products, with Brazil debuting its spot Solana ETF on the Brazilian stock exchange last year ahead of other global markets.
Canada launched spot Solana ETFs in April after the Ontario Securities Commission greenlighted asset managers Purpose, Evolve, CI and 3iQ to issue funds holding the cryptocurrency. Kazakhstan recently introduced its first spot Bitcoin ETF on the Astana International Exchange, with BitGo serving as the regulated crypto custodian.
The United States remains without a confirmed Solana spot ETF approval or launch. This widening gap between Hong Kong and the U.S. highlights diverging regulatory approaches to cryptocurrency investment products as global demand for diversified digital asset exposure grows among institutional and retail investors.
Solana's Potential in Institutional Finance
Bitwise chief investment officer Matt Hougan suggested Solana is positioned to become the primary blockchain for stablecoins and real-world asset tokenization. Speaking with the Solana Foundation earlier this month, Hougan described how traditional finance players are recognizing the network's massive potential to transform payments and revolutionize markets for stocks, bonds, commodities, and real estate.
Institutional investors evaluating blockchain infrastructure find the network's speed, throughput, and transaction finality especially appealing. Hougan characterized Solana as "the new Wall Street," emphasizing its technical capabilities that differentiate it from other blockchain networks competing for institutional adoption and capital flows.