Hong Kong's Securities and Futures Commission (SFC) has approved the territory's first solana SOL$184.46 spot exchange-traded fund (ETF), extending its crypto ETF offerings beyond bitcoin BTC$108,143.41 and ether ETH$3,857.97. The ChinaAMC Solana ETF (03460) will begin trading on the Hong Kong Stock Exchange on Oct. 27 under three currency counters — HKD (3460), RMB (83460), and USD (9460). Each lot will represent 100 SOL. ChinaAMC already operates spot bitcoin and ether ETFs in Hong Kong, which were among the first of their kind in Asia. U.S. regulators are delayed in approving a solana ETF, as the Securities and Exchange Commission (SEC) is currently operating with minimal staff, owing to a prolonged government shutdown. In the U.S., JPMorgan expects Solana spot ETFs to attract around $1.5 billion in first-year inflows, a modest amount compared to their ether counterparts, due to so many other crypto ETFs already on the market.
Crypto ETF Boom: 155 Filings Across 35 Assets, Analyst Backs Index Funds
3 hour ago
DraftKings taps Polymarket to clear trades in prediction markets play
4 hour ago
Crypto Market Prediction: Shiba Inu (SHIB) Fundamental Support Here, XRP's Chance for $3 Springboard, Ethereum (ETH) $3,500 Comes Next
4 hour ago
Are Bitcoin whales holding back BTC’s next bull run?
4 hour ago
Polymarket eyes new investment round that could value it as high as $15B
4 hour ago
Crypto market sees $371M in long positions liquidated in 24 hours
4 hour ago