Hong Kong Approves First Spot SOL ETF: Trading to Commence in a Week
Hong Kong has sanctioned the world’s inaugural Solana spot exchange-traded fund (ETF), leading other significant crypto centers, including the US. After BTC (Bitcoin) and Ethereum (Ethereum), Solana (SOL) stands as the third to attain such regulatory endorsement for a spot ETF in Hong Kong.
The newly authorized Solana ETF by ChinaAMC (the premier local asset manager) under the Securities and Futures Commission will commence trading on 27 October 2025, within a week. Moreover, it will be offered in three currency denominations: Hong Kong Dollar (HKD 3,460), Chinese Yuan (RMB 8,346), and US Dollar (USD 9,460). Each trading unit will consist of 100 SOL shares.
Curious about the impact of this announcement on Solana? Currently, it is trading at $182.94, having previously peaked at $197.26 in the last few hours.
In the meantime, the US Securities and Exchange Commission (SEC) recognized Grayscale’s spot Solana ETF SOL19b-4 several months back.
JUST IN: $SOL HAS MORE ETF FILINGS THAN ANY OTHER CRYPTO SINCE 2024, WITH A TOTAL OF 23 ETF FILINGS!
INSTITUTIONS WANT SOLANA!#SOLANA
— curb.sol (@CryptoCurb) October 22, 2025
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SOL ETF Becomes Available for Retail and Institutional Investors Alike
ChinaAMC is already managing BTC and ETH spot ETFs in Hong Kong. Their new Solana offering features a management fee of 0.99%, with custody and administrative costs capped at 1%.
Excitement surrounding US regulatory approval for the SOL ETF is currently palpable, and an endorsement could be imminent. User @kale_abe on X remarked, “Everyone forgot about SOL but it sounds like the government is re-opening this week which indicates SOL ETF approval is likely very soon.”
With this sanction, could $300 be on the horizon for Solana? Solana ranks among the top cryptocurrencies by market value, boasting a total network valuation exceeding $100 billion.
Read More: Leah Wald of Sol Strategies- “All in on Sol”
Former CEO of Sol Strategies Bullish about SOL ETFs
Canada recently approved locking tokens SOL ETFs just about a month ago.
It is my belief that under the leadership of (new SEC Chair Paul) Atkins, the staff is working to grasp how staked products will function.
I’m quite uptrend that SOL ETFs will be released shortly as trading for SOL CME futures has already commenced. Additionally, both traditional and leveraged market fluctuation shares and ETFs, including those for SOL futures, are performing well. Hence, it seems logical that this will transition smoothly.
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Key Takeaways
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The ChinaAMC Solana ETF is forecasted to invigorate the regional crypto investment landscape and establish a benchmark for other altcoins aspiring to achieve equivalent regulated product status.
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This regulatory achievement occurs at a period when the US SEC exhibits caution, partly hindered by government shutdowns and staffing shortages, with multiple Solana ETF applications still awaiting approval.
The post Hong Kong Greenlights First-Ever Spot SOL ETF: Trading Begins Within A Week appeared first on 99Bitcoins.
