Hong Kong has cemented its position as a leading digital asset hub in Asia with the launch of the region’s first Solana (SOL) spot Exchange-Traded Fund (ETF). The ChinaAMC Solana ETF, approved by the city’s Securities and Futures Commission (SFC), began trading on Monday on the Hong Kong Stock Exchange (HKEX), Daily Coin reported.
The new fund is designed to physically hold SOL tokens, providing investors with regulated exposure to the popular cryptocurrency. Shares are available for trading in Hong Kong Dollar (HKD), Renminbi (RMB), and US Dollar (USD). The ETF mirrors the performance of the CME CF Solana-USD Index, which tracks the Asia-Pacific closing price of Solana.
According to its prospectus, the ChinaAMC Solana ETF is structured to offer straightforward access to the asset, strictly avoiding staking, leverage, or derivatives trading. All virtual asset transactions for the fund are conducted exclusively through SFC-licensed platforms. The fund has set its annual management fee at 0.99%, with OSL Digital Securities serving as the virtual asset sub-custodian.
The launch is a significant moment for Solana’s global institutional expansion, following closely behind Brazil’s earlier rollout of its own spot Solana ETF. The news immediately spurred investor interest, with SOL trading volumes jumping 40% to $8 billion within a day of the announcement. While the price of SOL saw a modest rise of 2.4% to $202.66 over the past 24 hours, the long-term outlook is bullish, with projections anticipating up to $1.5 billion in global inflows into Solana spot ETFs by the end of 2025.
The introduction of a regulated Solana spot ETF in a major financial center like Hong Kong underscores the growing acceptance of cryptocurrencies in mainstream financial markets. It provides investors, particularly institutional players, with a secure, regulated vehicle to gain exposure to SOL, further integrating the digital asset ecosystem with traditional finance.
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