Hong Kong Approves First Solana Spot ETF, Listing Set for October 27

Key TakeawaysThe Hong Kong Securities and Futures Commission (SFC) has approved the first Solana (SOL) spot ETF, issued by China Asset Management (Hong Kong).The ETF, trading under ticker: 03460, is set to list on the Hong Kong Stock Exchange (HKEX) on October 27.This marks the third crypto spot ETF approved in Hong Kong — following Bitcoin and Ether funds — and the first Solana ETF in Asia.The fund will carry a management fee of 0.99%, targeting investors seeking institutional exposure to the Solana ecosystem.Hong Kong Expands Crypto ETF Offerings with Solana ApprovalAccording to Wu Shuo, the Hong Kong Securities and Futures Commission (SFC) has officially approved the region’s first Solana (SOL) spot exchange-traded fund (ETF), further cementing Hong Kong’s role as a regulated hub for digital asset investment products.Issued by China Asset Management (Hong Kong), the Solana ETF represents a major milestone for multi-asset crypto exposure in traditional financial markets. It joins previously approved Bitcoin and Ether spot ETFs, marking Hong Kong’s third crypto spot fund and the first in Asia to feature Solana.ETF Launch Signals Institutional Expansion into SolanaThe Solana ETF, listed under ticker 03460, will debut on the Hong Kong Stock Exchange (HKEX) on October 27. With a management fee of 0.99%, it provides institutional and retail investors a regulated vehicle to gain exposure to Solana’s growing DeFi and NFT ecosystem without direct token custody.Market observers note that the approval reflects rising institutional demand for diversified blockchain investments beyond Bitcoin and Ethereum. Hong Kong continues to position itself as a regional leader in crypto financial innovation, with more multi-asset ETF applications expected in the coming months.