Hong Kong SFC approves first Solana spot ETF issued by ChinaAMC
Hong Kong's SFC approved Asia's first Solana spot ETF, issued by ChinaAMC, set to begin trading on October 27.Summary
The Hong Kong Securities and Futures Commission (SFC) has approved the region's first spot Solana Exchange-Traded Fund (ETF), issued by the asset management firm ChinaAMC. This approval signifies Asia's inaugural Solana spot ETF, which is designed to enhance institutional adoption of the Solana blockchain network. The fund is scheduled to commence trading on October 27 with a management fee set at 0.99%. It will be listed on the Hong Kong Stock Exchange, utilizing OSL Exchange as the virtual asset trading platform and OSL Digital Securities Co., Ltd. as the sub-custodian. This move follows the SFC's prior approvals of Bitcoin and Ethereum spot ETFs, reinforcing Hong Kong's strategy to become a key gateway for digital asset investment in Asia.
(Source：Crypto Briefing)