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ChinaAMC’s Solana ETF becomes the region’s third approved crypto fund after Bitcoin and Ethereum, as US regulatory progress for the same product stalls. The Hong Kong Securities and Futures Commission (SFC) has officially approved the first Solana (SOL) spot exchange-traded fund (ETF), as reported by the Hong Kong Economic Times on Wednesday. Issued by ChinaAMC (Hong Kong), the new Solana ETF follows the earlier approvals of Bitcoin and Ethereum spot ETFs, becoming the third crypto fund sanctioned under the Chinese special jurisdiction’s virtual asset framework. Hong Kong greenlights first Solana Spot ETF in the world According to the Hong Kong Stock Exchange, the China Solana ETF is managed by China Capital Fund (Hong Kong) and will feature RMB counter 83,460 and US dollar counter 9,460. HKET news wrote that it is scheduled to debut on October 27, trading in lots of 100 units, with a minimum investment amount of approximately US$100, or HK$780. The ETF’s virtual asset trading will take place on OSL Exchange, while OSL Digital Securities Co., Ltd. is the sub-custodian for the fund’s digital assets. Its management fee is set at 0.99%, with custody and administrative fees capped at 1% of the sub-fund’s net asset value, which could result in an expected annual expenditure ratio of about 1.99%.  The fund will not issue dividends to shareholders, similar to the accumulation model seen in other spot crypto ETFs. Earlier this week, Solana announced on its official social media X account that its Chinese name will be “Solara.” Hong Kong Stock Exchange oversight tightened Hong Kong may have embraced three regulated spot crypto ETFs. However, the city’s main bourse is cracking down on companies attempting to turn their businesses into digital asset storage without proper authorization.  According to Bloomberg, the Hong Kong Stock Exchange (HKEX), one of the three…

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Filed under: News - @ October 22, 2025 8:26 am