Solana Hong Kong Spot ETF Debuts October 27
- Solana spot ETF listed in Hong Kong from October 27.
- ChinaAMC product with an annual rate of 0,99% and lots of 100 shares.
- Initial inflow into Solana ETFs estimated to be close to $1,5 billion.
Hong Kong's securities regulator has authorized the region's first Solana (SOL)-based cash exchange-traded fund (ETF). The product, launched by the asset manager, ChinaAMC , begins trading on October 27 on the Hong Kong Stock Exchange (HKEX).
Second official statement from the Securities and Futures Commission (SFC) , approval was granted on October 17th—marking the ETF as the first of its kind in the Hong Kong jurisdiction. The fund will have a management fee of 0,99% per year, under primary custody of BOCI-Prudential Trustee Limited, with OSL Digital Securities acting as sub-custodian and a virtual asset trading platform linked to the product.
The ETF will be available for trading in Hong Kong dollars (HKD), Chinese yuan (CNY), and US dollars (USD), with each trading lot consisting of 100 shares for each currency. The fund's launch follows expectations that the US Securities and Exchange Commission (SEC) will soon approve spot ETFs for Solana and other altcoins, following the simplification of listing processes in the US market.
JPMorgan analysts estimate that net capital inflows into Solana ETFs in the first year will be around $1,5 billion—approximately one-seventh of the volume recorded by Ethereum ETFs in the same inaugural period. They note that: "A similar ratio emerges if one looks at the relative size of Solana's DeFi TVL to that of Ethereum."
With this product, Hong Kong expands its regulated crypto asset offering by including a Solana spot ETF, in addition to existing Bitcoin and Ethereum ETFs. The initiative signals that networks like Solana are increasingly integrated into the regulated investment universe, allowing exposure to the asset without the need for direct custody or a crypto wallet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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