The post Hong Kong Clears First Spot Solana ETF For Trading, Overtaking The US ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Hong Kong’s securities regulator has officially approved its first spot Solana exchange-traded fund (ETF) issued by leading asset management firm ChinaAMC. The approval marks Asia’s inaugural SOL fund, expanding institutional access to the high-performance Solana blockchain. First SOL-Based ETF To Hit Hong Kong Market Next Week The Securities and Futures Commission (SFC) approved the ChinaAMC Solana ETF (3460) on October 17, the agency’s official website shows. It is the first product of its kind in Hong Kong and among the first SOL-based ETPs globally. The fund will be listed on the Hong Kong Stock Exchange. It will be officially launched for trading on Oct. 27, with a management fee of 0.99% per year, according to a report by the Hong Kong Economic Times. The investment vehicle will be traded in Hong Kong dollars, Chinese yuan, and U.S. dollars. Each trading unit will consist of 100 shares per currency, with a minimum investment of around $100. Its main custodian is BOCI-Prudential Trustee Limited, while OSL Digital Securities will serve as the sub-custodian. US-Listed Solana ETF Next? ChinaAMC is already known for debuting Asia’s first Bitcoin and Ether spot ETFs, both of which were given the regulatory nod in April. Advertisement &nbsp Hong Kong’s approval of spot SOL ETFs follows similar moves by other regions. Brazil became the first nation to launch spot Solana ETFs on the Brazilian stock exchange late last year, outpacing all the other global jurisdictions. Earlier this year, the Ontario Securities Commission (OSC) approved asset managers Purpose, Evolve, CI, and 3iQ to introduce ETFs holding Solana to Canadian investors.  However, the most important question is whether we’ll see a US Solana ETF before the end of this year. Asset managers in the U.S., including WisdomTree, Bitwise, 21Shares, Grayscale, Franklin Templeton, and Canary Capital,… The post Hong Kong Clears First Spot Solana ETF For Trading, Overtaking The US ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Hong Kong’s securities regulator has officially approved its first spot Solana exchange-traded fund (ETF) issued by leading asset management firm ChinaAMC. The approval marks Asia’s inaugural SOL fund, expanding institutional access to the high-performance Solana blockchain. First SOL-Based ETF To Hit Hong Kong Market Next Week The Securities and Futures Commission (SFC) approved the ChinaAMC Solana ETF (3460) on October 17, the agency’s official website shows. It is the first product of its kind in Hong Kong and among the first SOL-based ETPs globally. The fund will be listed on the Hong Kong Stock Exchange. It will be officially launched for trading on Oct. 27, with a management fee of 0.99% per year, according to a report by the Hong Kong Economic Times. The investment vehicle will be traded in Hong Kong dollars, Chinese yuan, and U.S. dollars. Each trading unit will consist of 100 shares per currency, with a minimum investment of around $100. Its main custodian is BOCI-Prudential Trustee Limited, while OSL Digital Securities will serve as the sub-custodian. US-Listed Solana ETF Next? ChinaAMC is already known for debuting Asia’s first Bitcoin and Ether spot ETFs, both of which were given the regulatory nod in April. Advertisement &nbsp Hong Kong’s approval of spot SOL ETFs follows similar moves by other regions. Brazil became the first nation to launch spot Solana ETFs on the Brazilian stock exchange late last year, outpacing all the other global jurisdictions. Earlier this year, the Ontario Securities Commission (OSC) approved asset managers Purpose, Evolve, CI, and 3iQ to introduce ETFs holding Solana to Canadian investors.  However, the most important question is whether we’ll see a US Solana ETF before the end of this year. Asset managers in the U.S., including WisdomTree, Bitwise, 21Shares, Grayscale, Franklin Templeton, and Canary Capital,…