- Hong Kong approved the first spot Solana ETF from ChinaAMC, listing October 27 with HKD 3460, RMB 83460, USD 9460 tickers.
- Twenty-three spot SOL ETFs await SEC decisions in the United States, led by major issuers across TradFi.
- Institutional demand builds on SOL’s liquidity, TVL near $11 billion, and expanding staking and custody rails.
Solana looks like the next altcoin to win broad ETF access after Bitcoin and Ethereum. Hong Kong has approved the ChinaAMC Solana ETF for an October 27 listing, Canada and Europe already list SOL products, and the U.S. queue shows 23 spot Solana filings at the SEC.
On the demand side, nine treasury holders have accumulated more than 13.5 million SOL worth roughly $2.5 billion, pointing to real balance-sheet use and deeper liquidity. Together, those signals frame Solana as the leading non-BTC, non-ETH candidate for regulated wrappers in multiple regions today.
Related: XRP and Solana Front 155 ETF Filings as SEC Backlog Grows
Solana ETF Hype Goes Global
The Hong Kong Securities and Futures Commission (SFC) recently approved the first Solana ETF. The SFC approved the first Solana ETF by ChinaAMC, a leading asset management firm, dubbed the ChinaAMC Solana ETF.
The ChinaAMC Solana ETF will be managed by China Asset Management and will be listed on October 27. The new Solana product will be trading on the Hong Kong Stock Exchange under three currencies, including HKD (3460), RMB (83460), and USD (9460).
After the official listing, each lot for the ChinaAMC Solana ETF will represent 100 SOL coins. The management fee for the ChinaAMC Solana ETF will be 0.99% per year and an administrative fee set at 1%, thus an annual resulting expense of 1.99%.
According to ChinaAMC’s website, the main custodian is set as BOCI-Prudential Trustee Limited, while the sub-custodian is OSL Digital Securities. Worth noting that ChinaAMC already has spot Bitcoin and Ethereum ETFs trading in Hong Kong.
SOL ETF Rush In Different Jurisdictions
United States
In the United States, Solana has the highest number of ETF applications, amounting to 23, according to a recent compilation. Only Bitcoin and Ethereum have outpaced Solana in the listed and non-approved ETFs in the United States.
Some of the spot Solana ETF applications in the United States awaiting final approval in the coming months include:
- Canary Marinade Solana ETF.
- VanEck Solana Trust.
- 21Shares Core Solana ETF.
- Bitwise Solana ETF.
- Grayscale Solana Trust.
- Franklin Solana Trust.
- Fidelity Solana Fund.
Canada
In Canada, the Ontario Securities Commission (OSC) has already approved several spot Solana ETFs, including:
- Purpose Solana ETF (SOLL), which was launched earlier this year to give investors exposure to SOL in addition to its staking.
- Evolve Solana ETF (SOLA).
- Cl Galaxy ETF (SOLX).
- 3iQ Solana Staking ETF (SOLQ)
Europe
The demand for Solana has also grown organically in Europe following the implementation of the Markets in Crypto-Assets (MiCA) regulations. Some of the Solana exchange-traded products (ETPs) include:
- The Bitwise Europe GmbH – Solana Staking ETP, which is listed on Deutsche Börse (Xetra) under ticker BSOL.
- The VanEck Europe GmbH – Solana ETN (VSOL) is already listed in Germany and France.
Why Now?
The demand for Solana by institutional investors through ETFs globally is heavily influenced by the coin’s deep liquidity, regulatory compliance, and development initiatives. At the time of this writing, the Solana network had a total value locked of about $11 billion and a stablecoin market cap of around $15 billion.
The rising adoption of Solana by global institutional investors will fuel its macro bullish outlook amid economic uncertainties.
Related: SOL Price Eyes New Highs as Solana Leads Asia’s DePIN Revolution
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