Hong Kong’s regulator has approved the first solana etf, due to start trading on Oct 27, 2025 on the HKEX under issuer ChinaAMC.
The fund will list on https://www.hkex.com.hk with trading set to begin on Oct 27, 2025. ChinaAMC will act as the issuer and the structure is designed to support cross‑border participation while simplifying access for local investors.
Trading will be available in three counters — HKD, RMB and USD — and the lot size is set at 100 SOL, aiming to balance liquidity and tradability for retail and institutional participants.
The multi‑currency counters and the 100 SOL lot seek to reduce currency friction and order‑size issues for different investor types.
The approval offers regulated, spot exposure to Solana, removing some custody and on‑chain operational burdens for allocators. For institutions, the HKD/RMB/USD counters simplify currency management and hedging choices.
Market analysts expect modest demand compared with BTC and ETH products. Notably, JPMorgan forecast about $1.5 billion in first‑year inflows, a baseline used by market participants to set expectations (CoinDesk, Oct 22, 2025).
Institutional uptake will depend on segregated, insured custody and transparent proof‑of‑reserves; market makers and authorised participants will be central to secondary liquidity given the 100 SOL lot size.
For wider context, see our weekly crypto news report on market flows and ETF demand.
US approvals were postponed after an administrative interruption: the SEC’s review was delayed amid a recent US government shutdown, which slowed US listings and review timelines. That pause opened a window for Hong Kong to proceed ahead of US approvals.
The Hong Kong listing gives ChinaAMC an early‑mover position for a solana spot etf outside the United States, underscoring divergent regulatory timetables.
The regulatory pause and JP Morgan inflow estimate were reported in a CoinDesk‑style article by Sam Reynolds on Oct 22, 2025.
For related regulatory reactions and market moves, read our piece on how crypto firms adapt to shifts in oversight here.
The ChinaAMC‑managed Solana spot ETF will begin trading on Oct 27, 2025 on HKEX with multi‑currency counters (HKD/RMB/USD) and a 100 SOL lot, entering the market as US listings were delayed by the SEC amid the government shutdown.