Hong Kong Approves First Solana-Based ETF
Date: 2025-10-23 Author: Oliver Abernathy Categories: IN WORLD
A new Solana-based ETF will begin trading on the Hong Kong Stock Exchange on October 27. The management fee will be 0.99% per annum, and the product will be available in three currencies: Hong Kong dollars, Chinese yuan, and US dollars. The minimum investment amount is approximately $100, with each trading unit comprising 100 shares or units in a fixed currency.
BOCI-Prudential Trustee is responsible for custody of the assets, with OSL Digital Securities providing additional custodial services. This move continues the trend of expanding crypto assets in Asia: in the spring, ChinaAMC already introduced the region's first Bitcoin and Ethereum spot ETFs in Hong Kong, receiving approval from local regulators.
Hong Kong thus became the next jurisdiction where Solana has received official recognition at the stock market level. Similar funds were previously launched in Brazil, which became the first country to approve a Solana spot ETF. Furthermore, in Canada, the Ontario Securities Commission (OSC) has authorized companies such as Purpose, Evolve, CI, and 3iQ to offer their Solana ETFs to investors.
Despite this rapid development, local authorities continue to focus on regulatory issues. In September, the Hong Kong Monetary Authority (HKMA) announced its intention to tighten requirements for companies applying to issue stablecoins. Licenses will now be issued only to issuers that strictly comply with new transparency and reliability standards.
The launch of a Solana-focused ETF demonstrates Hong Kong's commitment to cementing its status as one of Asia's leading financial centers, poised to combine traditional investment mechanisms with the rapidly evolving world of digital assets. This move could strengthen the region's position as a platform where cryptocurrencies gain institutional recognition and access to regulated financial instruments.
Hong Kong thus becomes an important link in the chain of international financial centers actively integrating cryptocurrency solutions into traditional exchange systems, opening up new opportunities for both investors and the entire digital asset market.
