Hong Kong joins Canada, Brazil and Kazakhstan in approving a spot Solana ETF, further widening the gap with the US, which has yet to authorize one.
Hong Kong approved its first spot Solana exchange-traded fund (ETF), marking the third spot crypto ETF approved by the city after Bitcoin and Ethereum.
On Wednesday, the Hong Kong Securities and Futures Commission (SFC) granted approval for the China Asset Management (Hong Kong) Solana ETF, which will be listed on the Hong Kong Stock Exchange, according to a report by the Hong Kong Economic Times.
The product will include both Chinese yuan counters and US dollar counters, meaning it can be traded and settled in both currencies. Each trading unit will consist of 100 shares, with a minimum investment of about $100. The fund is expected to debut on Monday.
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