Hong Kong has approved its first Solana spot ETF, to be launched by China Asset Management (Hong Kong) Ltd. on October 27, 2025. Regulatory filings confirm that the ETF excludes staking, aligning with prior Bitcoin and Ethereum ETFs.
The Hong Kong Securities and Futures Commission (SFC) conducted a comprehensive review of the ETF’s design and compliance. ChinaAMC will manage and trade the ETF on both the Hong Kong Stock Exchange and the OSL Exchange.
ETF Structure and Market Impact
Excluding staking from the ETF means investors will not earn staking rewards, concentrating purely on the asset's spot price. This decision mirrors previous regional ETFs in offering simplified investment exposure.
JP Morgan estimates inflows of $1-1.5 billion for Hong Kong's crypto ETFs, providing Solana with increased legitimacy among institutional investors, without impacting SOL's on-chain activity or staking yields.
Potential Price and Supply Dynamics
The spot ETF launch could elevate Solana's market presence by increasing institutional participation. The uptake is expected to reduce SOL's circulating market supply, potentially impacting its market price trajectory.
Historical trends from Bitcoin and Ethereum ETFs suggest potential upward price pressure due to reduced liquid supply. The absence of staking aligns with the preference for simpler regulatory compliance, avoiding complications associated with yield-generation mechanisms.
Regulatory Perspective
"The ETF structure required custody infrastructure, compliance safeguards, and risk management."
This statement from the Hong Kong Securities and Futures Commission (SFC) underscores the rigorous requirements met for the ETF's approval.
Key Takeaways
- •Hong Kong approves Solana spot ETF; no staking is included.
- •ChinaAMC is set to launch the SOL ETF on October 27, 2025.
- •The ETF is expected to impact the institutional market positively, while staking yields remain unaffected.