Key Takeaways
The Hong Kong Securities and Futures Fee (SFC) accepted the area’s first Solana spot ETF, issued by ChinaAMC.
This marks the primary Solana spot ETF in Asia, broadening institutional entry to the Solana blockchain community.
Share this text
The Hong Kong Securities and Futures Fee (SFC), Hong Kong’s major monetary regulator, accepted the primary spot Solana ETF issued by ChinaAMC, a number one asset administration agency. The approval marks Asia’s inaugural Solana spot ETF, increasing institutional entry to the high-performance blockchain community.
The ETF is predicted to start buying and selling on October 27, with a administration charge of 0.99%. Will probably be listed on the Hong Kong Inventory Alternate and supported by OSL Alternate because the digital asset buying and selling platform, whereas OSL Digital Securities Co., Ltd. will function the digital asset sub-custodian.
The SFC has beforehand accepted spot ETFs for Bitcoin and Ethereum, paving the best way for Solana’s inclusion as a part of Hong Kong’s technique to draw world crypto funding.
Hong Kong’s approval of the Solana spot ETF underscores Asia’s push towards mainstream crypto integration, following profitable Bitcoin and Ethereum ETF debuts within the area.
