Core Perspective - Solana aims to establish itself as the execution layer for "internet capital markets" in Asia, facilitating online asset issuance, trading, borrowing, lending, and settlement without traditional financial intermediaries [1] Group 1: Event Insights - The Solana Accelerate APAC event in Hong Kong featured a focus on institutional themes, emphasizing payments, tokenization, and the necessary infrastructure for integrating traditional finance [2] - Discussions included topics such as SOL staking ETFs, digital asset trusts, stablecoin infrastructure, tokenized securities, and regulated exchange-traded products [2][3] Group 2: Industry Collaboration - Asset managers like Mirae Asset and ChinaAMC participated alongside infrastructure firms such as CME Group and Fireblocks, indicating a strong interest from traditional financial institutions in the blockchain ecosystem [3] - Payment systems were a significant focus, with sessions dedicated to compliant stablecoin infrastructure and cross-border applications, highlighting a shift towards real-world adoption rather than speculative trading [3] Group 3: Infrastructure and AI - The event showcased the intersection of blockchain settlement layers and AI applications, reinforcing Solana's emphasis on speed and scalability [4] - The overall sentiment was one of resilience and commitment to building infrastructure despite market downturns, with a focus on practical solutions [5][6] Group 4: Practical Challenges - Key discussions revolved around the scalability of stablecoins, compliance for institutional onboarding, and the metrics that matter for selling on-chain solutions to asset managers and banks [6] - The event highlighted the need for user-friendly wallets and robust tokenization infrastructure that can withstand regulatory scrutiny [6] Group 5: Market Sentiment - The prevailing attitude was that while Solana is not immune to market cycles, the builders on the platform are focused on what truly matters, regardless of market conditions [7]

Core Insights - Avalanche has been selected as the launch network for FUSD, a new yield-bearing stablecoin backed by real-world assets, specifically designed for regulated institutional capital in Asia [1] Group 1: FUSD Overview - FUSD is backed by compliant financial assets such as money market funds and government bonds, structured to deliver native yield while remaining fully liquid and usable across decentralized finance (DeFi) applications [2] - Unlike traditional stablecoins, FUSD passes through returns generated by its underlying assets, which include high-liquidity money market funds from institutions like BNY Mellon, ChinaAMC, and Taikang [3] Group 2: Institutional Use and Functionality - The structure of FUSD allows institutional holders to earn yield without sacrificing liquidity, functioning as a cash-management tool while being deployable across DeFi lending, trading, and collateralization strategies [4] - FUSD is issued through Fosun Wealth's Web3 platform, targeting family offices, private equity firms, and pension funds that require transparency, regulatory alignment, and rapid settlement [4] Group 3: Avalanche Network Features - Avalanche's C-Chain has been chosen as FUSD's primary liquidity hub due to its ability to meet institutional requirements while operating on a public blockchain [5] - The network offers sub-second transaction finality, supporting near-instant settlement cycles critical for professional treasury and cash-management operations [5] - Existing DeFi liquidity on Avalanche enables FUSD to integrate directly into established on-chain markets, positioning it as a high-velocity asset rather than a passive stablecoin [6] Group 4: Future Prospects - Avalanche's architecture supports permissioning, compliance tooling, and future application-specific deployments, making it suitable for regulated financial products that must operate across multiple jurisdictions [6] - The CEO of FinChain highlighted that FUSD provides an unprecedented yield-bearing stable token for trillions of dollars in financial assets, aiming to build a robust ecosystem for standardized financial assets that can move seamlessly across global markets [7]

Bloomberg Some of the exchange‑traded funds heavily owned by China’s so‑called national team saw record outflows on Thursday, a development that aligns with broader efforts to temper the stock market rally. The Huatai-Pinebridge CSI 300 ETF saw a record 20.2 billion yuan ($2.9 billion) of outflows on Thursday, the most since the fund’s inception in 2012, according to Bloomberg-compiled data. Outflows in other funds, such as the E Fund CSI 300 ETF and ChinaAMC CSI 300 ETF, also hit records. Most Read fr ...

RT HKEX 香港交易所 (@HKEXGroup)🎉Starting the week with the listing of the ChinaAMC Solana ETF (3460/83460/9460) on HKEX! This is the first spot #Solana #ETF in Asia-Pacific, broadening access to #digitalasset investments across the region. Congratulations and welcome to Hong Kong’s vibrant markets! https://t.co/Q3FQeSUizs ...

Core Insights - The world's first Solana spot exchange-traded fund (ETF) has been approved in Hong Kong, making Solana the third cryptocurrency to receive such regulatory approval after Bitcoin and Ethereum [1][2]. Group 1: ETF Details - The newly approved ChinaAMC Solana ETF will begin trading on October 27, 2025, and will be available in three currency options: Hong Kong Dollar (HKD 3,460), Chinese Yuan (RMB 8,346), and US Dollar (USD 9,460) [2]. - Each trading unit of the Solana ETF will consist of 100 SOL shares, with a management fee of 0.99% and capped custody and administrative expenses at 1% [4]. Group 2: Market Impact and Future Expectations - Following the approval, Solana's trading price is currently at $182.94, having reached a peak of $197.26 shortly after the news [2]. - There is significant anticipation for the approval of a Solana ETF in the US, with expectations that it may be granted soon, potentially driving Solana's price towards $300 [5]. - The approval of the Solana ETF in Hong Kong follows the recent approval of staked SOL ETFs in Canada, indicating a growing acceptance of Solana-related investment products [6].

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. ...

Core Insights - Hong Kong's market watchdog has approved ChinaAMC's Solana ETF, marking it as the city's first spot vehicle for direct exposure to SOL, with trading expected to commence by October 27 on the Hong Kong Stock Exchange [1] - The fund aims to closely track the performance of SOL and will invest all its assets in the cryptocurrency, following the CME CF Solana-USD Index [2] - The approval of the Solana ETF comes amid a tightening regulatory environment in Hong Kong's digital-asset sector, contrasting with delays in the U.S. regarding similar ETF approvals [3] Group 1: ETF Details - The ChinaAMC Solana ETF will trade under tickers 3460 (HKD), 83460 (RMB), and 9460 (USD) in 100-share lots on the HKEX Main Board [1] - Transactions will be conducted through SFC-licensed virtual-asset trading platforms, and the fund will not stake any portion of the SOL held by the sub-fund [2] Group 2: Market Implications - The approval is seen as a confidence booster for Solana in Hong Kong, differentiating it from other markets still deliberating on approval rules [4] - The new ETF is expected to attract retail interest in Asia, where Solana has a strong developer base and consumer-focused applications [5] - The listing may also draw institutional interest by providing a regulated channel for traditional finance investors, indicating that Solana is ready for broader adoption [6]

😯😯😯Whale Insider (@WhaleInsider):JUST IN: 🇭🇰 Hong Kong officially approves first $SOL spot ETF by ChinaAMC. https://t.co/KlXFOvtDqy ...

💡 What You Can Do Now:🔹 Reassess your trading strategy to adapt to the cooling market🔹 Track ChinaAMC's spot SOL ETF to spot new liquidity opportunities🔹 Connect your SOL wallet to Uniswap to trade and manage your Solana assetsStay informed, stay ahead 🌅https://t.co/4hWZWp1SyV6/6 ...

Breaking: Hong Kong Securities and Futures Commission (SFC) has officially approved the first Solana (SOL) spot ETF, issued by ChinaAMC (Hong Kong). This marks the third approved cryptocurrency spot ETF after Bitcoin and Ethereum, and the first of its kind in Asia. https://t.co/5CsqV1cUi7 ...