Hong Kong’s Securities and Futures Commission (SFC) has approved the territory’s first solana spot exchange-traded fund (ETF), extending its crypto ETF offerings beyond bitcoin and ether .
The ChinaAMC Solana ETF (03460) will begin trading on the Hong Kong Stock Exchange on Oct. 27 under three currency counters — HKD (3460), RMB (83460), and USD (9460). Each lot will represent 100 SOL.
ChinaAMC already operates spot bitcoin and ether ETFs in Hong Kong, which were among the first of their kind in Asia.
U.S. regulators are delayed in approving a solana ETF, as the Securities and Exchange Commission (SEC) is currently operating with minimal staff, owing to a prolonged government shutdown.
In the U.S., JPMorgan expects Solana spot ETFs to attract around $1.5 billion in first-year inflows, a modest amount compared to their ether counterparts, due to so many other crypto ETFs already on the…
