Hong Kong Greenlights First Solana ETF, SOL Trading Volume Soars 40%

Hong Kong has officially approved its first Solana spot ETF, marking another step in the city’s plan to become Asia’s leading crypto hub. The Hong Kong Securities and Futures Commission (SFC) granted approval on October 22 for the ChinaAMC Solana ETF. According to a report by the Hong Kong Economic Times, the ETF will offer both RMB and USD trading counters, allowing investors to trade and settle in their preferred currency. Each unit will consist of 100 shares, with a minimum investment of around $100. ...