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ChinaAMC’s Solana ETF begins trading on the Hong Kong Stock Exchange on Oct. 27.
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The ETF is the first of its kind authorized in Hong Kong.
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The approval follows growing global demand for altcoin investment products.
A Milestone for Solana ETFs
Hong Kong’s Securities and Futures Commission has approved the first-ever spot Solana ETF, issued by ChinaAMC. The product will begin trading on the Hong Kong Stock Exchange on Oct. 27 under the ticker 3460.
The ETF will trade in Hong Kong dollars, yuan, and U.S. dollars, with a 0.99% management fee. OSL Digital Securities will serve as sub-custodian and trading platform provider.
Part of Hong Kong’s Crypto Strategy
The launch strengthens Hong Kong’s position as a regional leader in digital asset regulation and innovation. The approval comes amid anticipation that the U.S. SEC could soon greenlight its own spot Solana ETFs following recent process simplifications.
Analyst Expectations
JPMorgan analysts estimate Solana ETFs will attract around $1.5 billion in net inflows in their first year — about one-seventh the scale of Ethereum ETF inflows during their debut year.
Solana currently trades near $184, ranking as the sixth-largest cryptocurrency by market cap at around $100.6 billion.
