The approval of Hong Kong’s first Solana ETF reinforces the city’s growing dominance in digital asset regulation, widening the gap with the United States, which still lacks a similar product.
Hong Kong has made another decisive move in the global crypto race by approving its first spot Solana (SOL) exchange-traded fund (ETF) — a milestone that puts the city ahead of the United States in adopting regulated crypto investment products. The approval by the Securities and Futures Commission (SFC) signals Hong Kong’s continued commitment to becoming Asia’s digital asset hub, building on earlier spot Bitcoin and Ethereum ETF launches.
According to the Hong Kong Economic Times, the newly approved China Asset Management (Hong Kong) Solana ETF will be listed on the Hong Kong Stock Exchange on October 27. The ETF allows investors to trade and settle in both USD and RMB, with each trading unit consisting of 100 shares and a minimum investment near $100.
The fund will operate through OSL Exchange, with OSL Digital Securities serving as sub-custodian. Management fees are set at 0.99%, while overall expenses are capped at 1.99% annually.
“This approval cements Hong Kong’s status as one of the most progressive regulators in digital assets,” said a financial strategist at a major Hong Kong investment firm. “It’s a clear signal to global investors that Asia is ready to lead the next phase of institutional crypto adoption.”
Hong Kong’s regulatory progress stands in sharp contrast to the United States, where the Securities and Exchange Commission (SEC) has yet to authorize a Solana spot ETF. Analysts say the U.S. continues to move cautiously amid concerns about liquidity, custody, and market manipulation.
Meanwhile, other countries — including Brazil, Canada, and Kazakhstan — have already launched similar Solana or Bitcoin spot ETFs, further underscoring the global shift toward regulated crypto exposure.
“Institutional investors increasingly see Solana as the go-to blockchain for tokenization and stablecoin settlements,” said Bitwise CIO Matt Hougan. “Its speed and scalability make it an attractive infrastructure for real-world asset applications.”
By becoming one of the first major markets to approve a Solana ETF, Hong Kong continues to set the pace for global crypto regulation. As investors await U.S. approval, experts believe the move could accelerate institutional interest in Solana and reinforce Asia’s role as the center of innovation in blockchain finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.