Hong Kong’s Securities and Futures Commission (SFC) has approved the territory’s first solana spot exchange-traded fund (ETF) expanding its crypto ETF offerings beyond bitcoin and ether .
The ChinaAMC Solana ETF (03460) will begin trading on the Hong Kong Stock Exchange on October 27 under three currency counters – HKD (3460), RMB (83460) and USD (9460). Each item 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.
US regulators are delayed in approving a solana ETF as the Securities and Exchange Commission (SEC) is currently operating with minimal staff due to an extended government shutdown.
In the US, JPMorgan expects Solana spot ETFs to attract about $1.5 billion in first-year inflows, a modest amount compared to their ether counterparts, due to so many other crypto ETFs already in the market.
