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Hong Kong's Securities Regulator Approves First Solana ETF

Hong Kong beats the U.S. to listing a Solana ETF, though J.P. Morgan expects inflows to be modest compared to its BTC and ETH counterparts.

Oct 22, 2025, 8:16 a.m.
Hong Kong's skyline (Chris Lam/CoinDesk)
Hong Kong's Securities and Futures Commission has approved the territory's first solana spot ETF (Chris Lam/CoinDesk)

What to know:

  • Hong Kong's securities regulator has approved the first Solana spot ETF, expanding its crypto offerings beyond Bitcoin and Ether.
  • The ChinaAMC Solana ETF will trade on the Hong Kong Stock Exchange starting Oct. 27 in HKD, RMB, and USD.
  • U.S. regulators have delayed approving a Solana ETF due to a government shutdown affecting the SEC.

Hong Kong's Securities and Futures Commission (SFC) has approved the territory's first solana spot exchange-traded fund (ETF), extending its crypto ETF offerings beyond bitcoin and ether .

The ChinaAMC Solana ETF (03460) will begin trading on the Hong Kong Stock Exchange on Oct. 27 under three currency counters — HKD (3460), RMB (83460), and USD (9460). Each lot will represent 100 SOL.

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ChinaAMC already operates spot bitcoin and ether ETFs in Hong Kong, which were among the first of their kind in Asia.

U.S. regulators are delayed in approving a solana ETF, as the Securities and Exchange Commission (SEC) is currently operating with minimal staff, owing to a prolonged government shutdown.

In the U.S., JPMorgan expects Solana spot ETFs to attract around $1.5 billion in first-year inflows, a modest amount compared to their ether counterparts, due to so many other crypto ETFs already on the market.