Hong Kong's first Solana exchange-traded fund approved

ChainCatcher news, according to the Hong Kong Economic Journal, the Hong Kong Securities and Futures Commission has officially approved the first Solana (SOL) spot ETF, issued by Huaxia Fund (Hong Kong), becoming the third approved cryptocurrency spot ETF after Bitcoin and Ethereum, and the first of its kind in Asia.

The ETF (code: 03460) is expected to be listed on the Hong Kong Stock Exchange on October 27, with a RMB counter (83460) and a USD counter (9460). The trading unit is 100 shares, with a minimum investment amount of approximately 100 USD. Its virtual asset trading platform is OSL Exchange, with a management fee rate of 0.99% and an annual recurring expense ratio of approximately 1.99%.