Hong Kong gives the green light to the first spot Solana ETF, beating the United States to the punch. The city’s regulator, the SSFC, signed off on 22 October 2025, and a fund that simply buys and stores SOL will list on the Hong Kong Stock Exchange five days later. Investors now have a regulated way to own Solana without handling wallets or private keys.
China Asset Management (Hong Kong) runs the new product, which will trade under separate ticker numbers for each currency: 3460 for Hong Kong dollars, 9460 for US dollars and a third code for renminbi. The yearly management charge is 0.99%.
In comparison to futures-based funds, this ETF holds real SOL tokens in custody and tracks their live price, offering physically backed exposure rather than derivatives.
Global context and market implications
Hong Kong already allowed spot Bitcoin and Ethereum ETFs, and adding Solana shows a clear plan to keep widening the menu of approved crypto funds. Across the Pacific, the US Securities or Exchange Commission still sits on a stack of Solana ETF applications from 21Shares, VanEck, Invesco Galaxy, Bitwise, Grayscale and Fidelity.
The SEC has pushed each deadline deeper into the fourth quarter, with the last one on 14 November 2025. Betting markets and Bloomberg surveys suggest approval probably arrives before year end, yet the wait drags on.
Fresh, fully regulated money can now flow straight into SOL, which should deepen spot market liquidity as the fund scales.
Investors wary of lost keys or unlicensed exchanges can bypass those worries by buying shares through ordinary brokerage accounts.
Hong Kong seizes a short-term lead among financial hubs, while the US trails for now, and prices may still swing on headlines about the SEC’s next move.
The next big marker arrives on 27 October when the ChinaAMC Solana ETF opens for trading. After that, global attention turns to the SEC and its verdict on the pending US applications before the quarter closes.
