Hong Kong Approves First Solana Spot ETF: Institutional Exposure Now Available

The Hong Kong Securities and Futures Commission has granted approval for the first Solana (SOL) spot ETF, issued by China Asset Management (Hong Kong). This landmark decision will list the ETF on the HKEX on October 27. 03460 is the trading ticker for this groundbreaking fund. 📈 This marks the third crypto spot ETF approved in Hong Kong, following Bitcoin and Ether funds, and the first Solana ETF in Asia. 🌏 The fund carries a management fee of 0.99%, aiming to provide institutional investors with a regulated pathway to access the growing DeFi and NFT ecosystem of Solana.