Hong Kong's first Solana ETF, the 「Huaxia Solana ETF」, has been approved and is set to be listed on the Hong Kong Stock Exchange on October 27th.

BlockBeats News, October 22, according to the Hong Kong Economic Times, the Securities and Futures Commission of Hong Kong has officially approved the first Solana (SOL) spot ETF. The ETF is issued by Huaxia Fund (Hong Kong) and becomes the third approved cryptocurrency spot ETF after Bitcoin and Ethereum. It is also the first similar product in Asia.

The ETF (code: 03460) is expected to be listed on the Hong Kong Stock Exchange on October 27, with a Renminbi counter (83460) and a US Dollar counter (9460). The minimum trading unit is 100 shares, with a minimum investment amount of about 100 USD. Its virtual asset trading platform is OSL Exchange, and the virtual asset's sub-custodian is OSL Digital Securities Limited. The management fee of the ETF is 0.99%, and the annual expense ratio is about 1.99%.