Hong Kong’s Securities and Futures Commission (SFC) approved the territory’s first solana spot exchange-traded fund (ETF), expanding its crypto ETF offerings beyond bitcoin and ether .
ChinaAMC Solana ETF (03460) will start trading on the Hong Kong Stock Exchange on October 27 under three currency counters: HKD (3460), RMB (83460) and USD (9460). Each lot will represent 100 SOL.
ChinaAMC already operates Bitcoin and Ether spot ETFs in Hong Kong, which were among the first of their kind in Asia.
US regulators are delaying approval of a solana ETF as the Securities and Exchange Commission (SEC) is currently operating with minimal staff, due to a prolonged government shutdown.
In the US, JPMorgan expects Solana spot ETFs to attract around $1.5 billion in inflows in the first year, a modest amount compared to their ether counterparts, due to the large number of other crypto ETFs already in the market.
