TL;DR
- Hong Kong officially launched the ChinaAMC Solana ETF, becoming the third approved crypto spot ETF after Bitcoin and Ethereum.
- The ETF debuted on the Hong Kong Stock Exchange with a trading volume of HKD 11.39 million.
- The fund allows cash and in-kind subscriptions, charges a 0.99% management fee, and supports trading in HKD, RMB, and USD.
Hong Kong has officially launched its first Solana spot ETF, the ChinaAMC Solana ETF, approved by the Hong Kong Securities and Futures Commission (SFC) as a Category III product. With this, it becomes the third crypto spot ETF authorized in the city, following those of Bitcoin and Ethereum.
How Did Solana’s ETF Debut Perform?
The ETF began trading on the Hong Kong Stock Exchange with a first-day volume of HKD 11.39 million, while the fund’s initial net assets totaled HKD 21.29 million, equivalent to approximately 13,461 SOL. The HKD counter closed at a –0.60% discount, signaling selling pressure. By comparison, its debut volume was about half that of the Ethereum spot ETF launched in April 2024, when three products went live simultaneously.
The ChinaAMC Solana ETF supports both cash and in-kind creations and redemptions, although it does not support staking for additional yield. The fund charges a 0.99% management fee and enables multi-currency trading, supporting Hong Kong dollars, Chinese yuan, and US dollars. These features aim to offer investors greater flexibility and more direct access to the crypto market.
The ETF was approved on October 22, 2025, and issued by China Asset Management (Hong Kong). Analysts note that its launch reflects the strong institutional adoption of digital assets in Hong Kong and the city’s push to diversify investment vehicles within its regulated financial market.
Hong Kong: A Financial Hub for Crypto
The ETF’s debut also demonstrates the ability of spot products to attract liquidity and gauge initial market demand. While the first-day trading volume was moderate compared to Ethereum’s ETF, the introduction of Solana broadens opportunities for investors interested in the third-largest cryptocurrency by market capitalization and its expanding decentralized application ecosystem.
Hong Kong continues to strengthen its role as a financial hub integrating regulated digital assets into traditional portfolios, offering structured and supervised alternatives for accessing the crypto market
