ChinaAMC's spot Solana ETF to list in Hong Kong
ChinaAMC’s spot Solana exchange‑traded fund, authorized by Hong Kong’s Securities and Futures Commission, is scheduled to begin trading on the Hong Kong Stock Exchange on October 27.
The fund carries a management fee of 0.99% per year. It will trade in Hong Kong dollars, Chinese yuan and U.S. dollars, with a board lot size of 100 shares for each currency.
BOCI‑Prudential Trustee Limited is listed as the fund’s main custodian; OSL Digital Securities is named as sub‑custodian and will provide the virtual asset trading platform for the product, according to ChinaAMC.
The SFC authorization makes the ChinaAMC product the first spot Solana ETF approved for trading in Hong Kong. The listing arrives as market participants pursue spot crypto ETF approvals in multiple jurisdictions.
U.S. regulators recently introduced generic listing standards that remove the need for token‑specific filings for some crypto ETFs, a change that has led to a wave of new proposals. Timelines for several U.S. decisions on spot altcoin ETFs were pushed back amid an extended government shutdown.
Unlike U.S. spot crypto ETFs that must use cash creation, Hong Kong permits in-kind creations and redemptions, which can reduce frictions and tracking error. The SFC set conditions for staking by funds in April 2025 under guidance.
JPMorgan analysts forecast roughly $1.5 billion in net inflows into Solana ETFs in the first year, about one‑seventh of the inflows seen for Ethereum ETFs during their debut year.
Solana was trading near $184 and held a market capitalization of about $100.6 billion, ranking it as the sixth‑largest cryptocurrency by market value. The analysts noted the ratio is similar to the relative size of Solana’s decentralized finance total value locked compared with Ethereum.
U.S. regulators recently introduced generic listing standards that remove the need for token‑specific filings for some crypto ETFs, a change that has led to a wave of new proposals. Timelines for several U.S. decisions on spot altcoin ETFs were pushed back amid an extended government shutdown.
Unlike U.S. spot crypto ETFs that must use cash creation, Hong Kong permits in-kind creations and redemptions, which can reduce frictions and tracking error. The SFC set conditions for staking by funds in April 2025 under guidance.
JPMorgan analysts forecast roughly $1.5 billion in net inflows into Solana ETFs in the first year, about one‑seventh of the inflows seen for Ethereum ETFs during their debut year.
Solana was trading near $184 and held a market capitalization of about $100.6 billion, ranking it as the sixth‑largest cryptocurrency by market value. The analysts noted the ratio is similar to the relative size of Solana’s decentralized finance total value locked compared with Ethereum.
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