Hong Kong SFC approves first Solana spot ETF issued by ChinaAMC

Key Takeaways

• The Hong Kong Securities and Futures Commission (SFC) approved the region’s first Solana spot ETF, issued by ChinaAMC.
• This marks the first Solana spot ETF in Asia, broadening institutional access to the Solana blockchain network.

The Hong Kong Securities and Futures Commission (SFC), Hong Kong’s primary financial regulator, approved the first spot Solana ETF issued by ChinaAMC, a leading asset management firm. The approval marks Asia’s inaugural Solana spot ETF, expanding institutional access to the high-performance blockchain network.

The ETF is expected to begin trading on October 27, with a management fee of 0.99%. It will be listed on the Hong Kong Stock Exchange and supported by OSL Exchange as the virtual asset trading platform, while OSL Digital Securities Co., Ltd. will serve as the virtual asset sub-custodian.

The SFC has previously approved spot ETFs for Bitcoin and Ethereum, paving the way for Solana’s inclusion as part of Hong Kong’s strategy to attract global crypto investment.

Hong Kong’s approval of the Solana spot ETF underscores Asia’s push toward mainstream crypto integration, following successful Bitcoin and Ethereum ETF debuts in the region.

Source: https://cryptobriefing.com/hong-kong-sfc-approves-solana-spot-etf-chinaamc/