The Securities and Futures Commission (SFC) of Hong Kong has given its approval for the territory’s inaugural Solana spot exchange-traded fund (ETF), enhancing its crypto ETF portfolio which previously included bitcoin and ether .
The ChinaAMC Solana ETF (03460) is set to start trading on the Hong Kong Stock Exchange on October 27 under three currency counters — HKD (3460), RMB (83460), and USD (9460). Each lot will comprise 100 SOL.
ChinaAMC is already managing spot bitcoin and ether ETFs in Hong Kong, which were among Asia’s pioneers.
In contrast, U.S. regulators are experiencing delays in approving a Solana ETF, with the Securities and Exchange Commission (SEC) currently functioning with reduced staff due to an extended government shutdown.
In the United States, JPMorgan anticipates that Solana spot ETFs could garner approximately $1.5 billion in introductory year inflows, which is relatively modest in comparison to their ether equivalents, owing to the saturation of existing crypto ETFs in the market.
