Hong Kong Officially Approves First Solana ETF, Alongside BTC & ETH
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Hong Kong has just made history by approving the world’s first spot Solana (SOL) exchange-traded fund (ETF), following the earlier approvals of Bitcoin and Ethereum spot ETFs, marking Solana as the third cryptocurrency to receive such recognition in the region.
Following the news, Solana’s SOL jumped into the green, trading around $184 after a long period of losses.
Solana ETF Makes Its Debut on HKEXThe ChinaAMC Solana ETF, issued by China Asset Management Company, will list on October 27 on the Hong Kong Stock Exchange under ticker 03460. Each trading unit represents 100 SOL, with a minimum investment of about US$100, making it accessible to all investors.
The Solana ETF will operate under a well-structured and regulated framework. OSL Exchange will handle trading and settlements, while OSL Digital Securities Ltd. will serve as the sub-custodian.
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