Hong Kong's Securities Regulator Approves First Solana ETF
CoinDesk
Hong Kong's SFC approved the territory's first spot Solana ETF, which will begin trading on October 27.Summary
Hong Kong's Securities and Futures Commission (SFC) has approved the region's first spot exchange-traded fund (ETF) based on Solana (SOL), expanding its crypto ETF offerings beyond Bitcoin and Ether. The ChinaAMC Solana ETF (03460) is set to commence trading on the Hong Kong Stock Exchange on October 27, available under HKD, RMB, and USD counters, with each lot representing 100 SOL. This approval places Hong Kong ahead of the U.S. in listing a Solana ETF, as U.S. regulators face delays due to a government shutdown. Despite the approval, J.P. Morgan anticipates that first-year inflows for Solana spot ETFs in the U.S. will be modest, around $1.5 billion, compared to Ether ETFs due to existing market saturation.
(Source：CoinDesk)