- Hong Kong‘s securities regulator has approved the first solana spot exchange-traded fund (ETF) in the region.
- The ChinaAMC Solana ETF will begin trading on the Hong Kong Stock Exchange starting October 27 under three currency options.
- Each trading lot of the ETF represents 100 solana tokens (SOL).
- The ETF expands crypto investment options in Hong Kong beyond existing Bitcoin and ether ETFs operated by ChinaAMC.
- US approval for a solana ETF is delayed due to regulatory staffing issues linked to a government shutdown.
Hong Kong’s Securities and Futures Commission (SFC) has authorized the territory’s first solana (SOL) spot exchange-traded fund (ETF). The fund, offered by ChinaAMC, will start trading on the Hong Kong Stock Exchange on October 27. It will be available under three currency counters: Hong Kong dollars, Chinese yuan, and U.S. dollars.
The ChinaAMC Solana ETF carries the codes 3460 (HKD), 83460 (RMB), and 9460 (USD). Each lot represents 100 SOL tokens. This new ETF broadens the existing crypto investment landscape in Hong Kong, which already includes spot bitcoin (BTC) and ether (ETH) ETFs offered by the same company.
The SFC previously approved these bitcoin and ether ETFs, marking some of the earliest crypto ETFs in Asia. With the Solana ETF, investors now have direct access to spot trading exposure to the fourth-largest cryptocurrency by market capitalization.
Meanwhile, U.S. regulatory approval for a solana spot ETF faces delays. The U.S. Securities and Exchange Commission (SEC) currently operates with limited staff because of an extended government shutdown. Despite this, JPMorgan projects that solana spot ETFs in the U.S. could see roughly $1.5 billion in first-year inflows, which is smaller in scale compared to ether-based ETFs due to the number of crypto ETFs already available.
This development marks a significant step in expanding regulated crypto investment products in Hong Kong, offering investors more options beyond the dominant bitcoin and ether ETFs.
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