Spot Solana (SOL) ETF Gets Regulatory Green Light in Hong Kong

Hong Kong’s financial regulator has granted approval for ChinaAMC’s spot Solana (SOL) exchange-traded fund (ETF), setting the stage for its debut next ￰0￱ Securities and Futures Commission (SFC) confirmed on its website that the ChinaAMC Solana ETF, under ticker 3460, received authorization on October ￰1￱ is the first instance of a Solana spot ETF gaining regulatory approval in the ￰2￱ Kong’s First Spot Solana ETF According to ChinaAMC, the fund will be officially listed on October 27, with a management fee of 0.99% per ￰3￱ arrangements include BOCI-Prudential Trustee Limited as the primary custodian, while OSL Digital Securities acts as the sub-custodian and also provides the virtual asset trading platform for the much-anticipated ￰4￱ will be able to trade the product in Hong Kong dollars, Chinese yuan, and US dollars on the Hong Kong Stock Exchange, with a board lot size of 100 shares in each ￰5￱ already manages spot Bitcoin and Ethereum ETFs in Hong Kong, which were among Asia’s first crypto ￰6￱ approval of the Solana ETF comes at a time when market participants anticipate that the US Securities and Exchange Commission (SEC) may soon authorize its first batch of spot Solana and other altcoin ￰7￱ initial approval was expected around October 10, delays likely stemmed from the extended US government ￰8￱ month, the securities regulator streamlined the process by adopting generic listing standards and eliminating the need for token-specific ￰9￱ regulatory change has triggered a wave of new crypto ETF applications, amidst growing institutional interest in diversified digital asset products.

MemeStrategy’s $377K Investment on Solana The recent approval of the spot Solana ETF in the region builds on momentum set earlier this year when MemeStrategy became Asia’s first publicly listed company to invest in ￰10￱ in June, MemeStrategy acquired 2,440 SOL tokens, spending approximately $377,000 at an average price of $155 per ￰11￱ company had then cited the crypto asset’s long-term potential in blockchain, decentralized platforms, and AI-driven Web3 ￰12￱ transaction was facilitated through OSL Group, a fully licensed Hong Kong digital asset platform.