- Hong Kong approves the first Solana spot ETF with trading to begin on October 27, managed by China Asset Management with OSL custody.
- Each lot will include 100 shares priced around $100, offering multi-currency counters in HKD, RMB, and USD for retail and institutional access.
- The fund applies a 0.99% management fee, keeping total yearly costs near 1.99%, and will not distribute dividends to investors.
Hong Kong has taken another decisive step in its digital-asset journey by approving the first Solana spot exchange-traded fund. The product, managed by China Asset Management (Hong Kong), strengthens the city’s position as a regulated hub for virtual assets in Asia and opens access for both retail and institutional investors. Trading will begin on October 27 on the Stock Exchange of Hong Kong, with each lot comprising 100 shares priced at about $100, or roughly HK$780. The fund is supported by OSL Digital Securities for custody and settlement, ensuring regulatory compliance under Hong Kong’s Securities and Futures Commission framework. With this approval, Solana becomes the third cryptocurrency listed as a spot ETF in Hong Kong after Bitcoin and Ethereum, confirming the city’s commitment to expanding regulated crypto investment products for broader participation in Asia.
Hong Kong Solana spot ETF: listing date, lot size, and access
China Asset Management (Hong Kong) will list the ChinaAMC Solana ETF on the Stock Exchange of Hong Kong with three currency counters in HKD, RMB, and USD, and each board lot set at 100 shares to keep entry simple for smaller accounts as well as institutions. The official product page confirms the October 27, 2025 listing date, the multi-counter setup with stock codes 3460 (HKD), 83460 (RMB), and 9460 (USD), and the 100-share trading lot that underpins the fund’s minimum order size on exchange. Local coverage has noted that the typical cash outlay for a single lot sits around $100, or roughly HK$780, depending on where the ETF prints relative to its in-kind NAV and currency, which aligns with the fund’s goal of broad inclusion under Hong Kong’s regulated virtual-asset framework.
Structure, fees, and OSL trading mechanics in Hong Kong
The ETF aims to match the SOL spot market via the CME CF Solana-Dollar Reference Rate (APAC variant), and it charges a 0.99% management fee while capping custody plus administrative costs at 1% of NAV, yielding an estimated recurring expense ratio near 1.99% for holders who keep exposure over a full year. The prospectus materials state that no distribution will be made to shareholders, so investors should expect total return to track price rather than income, which fits the asset’s nature and Hong Kong’s existing crypto ETF lineup. For creation and redemption, the fund uses an SFC-licensed virtual-asset trading platform operated by OSL Digital Securities; the product page lists “OSL Exchange” as the platform used to execute the underlying SOL, while the ETF itself trades on SEHK like any other listed fund, which keeps settlement and market-making consistent with local rules. Custody sits with BOCI-Prudential Trustee Limited, and OSL Digital Securities acts as sub-custodian, an arrangement already familiar to Hong Kong’s first spot Bitcoin and Ether ETFs from the same manager.
U.S. 21Shares status, exchange approval, and staking discussions
In the United States, 21Shares advanced its Solana Spot ETF by securing SEC effectiveness on a Form 8-A12B registration on October 15, which registers the fund’s shares under the Exchange Act and notes that Cboe BZX has approved the listing; trading still requires the S-1 to go effective before the product can begin quoting on the exchange. That step-by-step progress aligns with the SEC’s recent move to allow generic listing standards for spot digital-asset ETFs, which shortened timelines but left final launches contingent on registration statements and operational readiness across issuers. Several sponsors, including VanEck, Bitwise, and Grayscale, have kept their filings current under the updated framework, while industry chatter has focused on whether some Solana ETF designs could layer staking features after launch, a topic that appeared in sponsor materials and trade-press notes but remains subject to exchange and regulator acceptance.
Market context, capitalization, and who this ETF targets
Solana enters Hong Kong’s market with a market capitalization around $100.8 billion, which places it below Bitcoin, Ethereum, Tether, Binance Coin, and Ripple, and above USDC by size, a context that helps explain why an access product can serve both portfolio diversification and a measured tactical sleeve. For retail investors who operate in Hong Kong and prefer listed wrappers, the fund’s multi-currency counters, 100-share lots, and single-fee structure reduce friction while leaving price discovery to SEHK’s order book and the fund’s market makers across HKD, RMB, and USD. For professional allocators, Hong Kong’s ability to source underlying SOL on an SFC-licensed VATP, combined with recognized trusteeship and clear creation-redemption channels, offers operational clarity that aligns with compliance teams’ expectations for auditability and counterparty oversight. If U.S. ETFs proceed from exchange approval to live trading as their registration statements clear, the cross-regional menu could widen further, and some forecasts in market commentary have suggested price targets near the $300 area if inflows sustain; as always, flows, basis costs, and market depth will decide how those projections play out on both sides of the Pacific.
Conclusion
Hong Kong’s approval of the Solana spot ETF signals how far the city’s virtual-asset market has matured since the first Bitcoin and Ethereum listings earlier this year. The new product, managed by China Asset Management (Hong Kong), combines a 0.99% management fee with transparent custody and administration capped at 1%, producing a 1.99% annual expense ratio that aligns with peer benchmarks. Trading will start on October 27 under OSL Digital Securities’ custody through OSL Exchange, using 100-share lots and multi-currency counters to make participation accessible across investor tiers. Solana’s roughly $100.8 billion capitalization adds institutional weight to the listing, while the ETF’s low minimum—about $100 per lot—anchors retail inclusion within Hong Kong’s regulatory framework. Across the Pacific, the United States’ 21Shares Solana ETF continues its final registration steps, a move that could create a trans-regional benchmark for SOL exposure. As both jurisdictions refine oversight and infrastructure, Solana’s listing momentum illustrates how regulated exchanges can integrate digital assets into traditional markets without compromising compliance or investor protection.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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