Hong Kong has taken a significant step towards increasing crypto investment accessibility by approving the region’s first Solana exchange-traded fund (ETF). This regulatory move grants investors in Asia direct exposure to Solana’s potential without needing to directly purchase and manage the cryptocurrency itself. This comes amidst strong market momentum for Solana, with experts anticipating a price surge to $400 soon. 27th October marks the launch date of this new ETF, allowing for investment via a lot size of 100 units with a minimum investment of about $100. The product carries a management fee of 0.99%, alongside custodial and administrative costs adding up to another 1%, resulting in annual expenses of 1.99%. This new fund joins ChinaAMC’s existing Bitcoin and Ethereum ETFs, further diversifying the crypto investment options available in the region. 📈