Hong Kong Leads the Way: First Solana ETF Approved

Hong Kong has taken a significant step forward in the world of crypto ETFs, becoming the first jurisdiction to approve a spot Solana exchange-traded fund (ETF). This marks the third cryptocurrency-related ETF approved by Hong Kong’s Securities and Futures Commission, following Bitcoin and Ethereum. The China Asset Management (Hong Kong) Solana ETF, set for listing on the Hong Kong Stock Exchange, will offer exposure to both RMB and USD based counters, with trading units of 100 shares at a minimum investment of around $100. This product is scheduled to debut on October 27th.