Nikolas Sargeant
The Hong Kong Securities and Futures Commission approved on Wednesday, October 22 the China Asset Management (Hong Kong) Solana ETF. Thus Hong Kong joins Canada, Brazil and Kazakhstan, leaving the US farther behind as the government continues to be shut down.
According to the report from the Hong Kong Economic Times, the Solana ETF will be listed on the Hong Kong Stock Exchange and will include both RMB and USD counters, allowing investors to settle transactions in either currency.
ChinaAMC has structured the ETF with a management fee of 0.99 percent, while custody and administrative fees are capped at one percent of the sub-fund's net asset value, resulting in an estimated annual expense ratio of 1.99 percent. The company previously made history by launching Asia's first Bitcoin and Ether spot ETFs earlier in 2025.
Hong Kong as a Crypto Hub
Hong Kong has been expanding crypto regulatory infrastructure in a bid to compete internationally as a crypto hot spot. Earlier this year, they expanded their crypto regulatory staff as part of the 2025-6 budgets.
This expansion led to increased licensing, Hong Kong reached the milestone of ten licensed cryptocurrency platforms in February of this year.
Then again only three months ago, the nation renewed its dedication to crypto regulation with a bold new Policy Statement 2.0 on the Development of Digital Assets.
Hong Kong, as well as many other countries, are working to position themselves as regulatory environments that welcome innovation and provide stability.
