Hong Kong Approves First Solana ETF, Listing Set for Oct. 27

Hong Kong’s Securities and Futures Commission (SFC) has approved the region’s first Solana (SOL) spot exchange-traded fund, signaling growing institutional confidence in the cryptocurrency ￰0￱ product, issued by ChinaAMC (Hong Kong), will officially list on the Hong Kong Stock Exchange next ￰1￱ development makes Solana the third cryptocurrency, after Bitcoin and Ethereum, to gain ETF approval in ￰2￱ ETF Set for Launch Next Week According to details from ChinaAMC’s filings , the Solana ETF will trade under the ticker 3460 and be available in Hong Kong dollars, Chinese yuan, and ￰3￱ fund carries a 0.99% annual management fee. BOCI-Prudential Trustee Limited serves as its main custodian, while OSL Digital Securities acts as the sub-custodian and trading platform ￰4￱ launch date is set for October 27, making it the first Solana ETF to be listed anywhere in ￰5￱ trading lot will consist of 100 shares per ￰6￱ milestone comes as regulators worldwide continue to embrace digital assets, with Hong Kong taking a clear lead in the region’s ETF ￰7￱ Anticipation and Global Outlook The approval also arrives as investors await the ￰8￱ and Exchange Commission’s decision on spot Solana ￰9￱ SEC had delayed its ruling due to the government shutdown earlier this month.

However, analysts expect the ￰10￱ follow Hong Kong’s lead soon after simplifying listing procedures for digital asset ￰11￱ analysts estimate that Solana ETFs could attract around $1.5 billion in inflows during their first year, about one-seventh of Ethereum ETF ￰12￱ attributed this projection to Solana’s smaller DeFi ecosystem relative to ￰13￱ Eye Solana’s Price Consolidation