The first Solana spot ETF approved in Hong Kong.

Historic Step from Hong Kong Securities Regulator

The securities regulator of Hong Kong has granted approval for the first Solana spot exchange traded fund (ETF). This move further expands the range of cryptocurrency products in the region, removing the limitation to Bitcoin and Ethereum.

The approved ChinaAMC Solana ETF will start trading on the Hong Kong Stock Exchange on October 27. Investors will be able to purchase this product in Hong Kong Dollars, Chinese Yuan, and American Dollars.

On the other hand, United States regulators have postponed the approval of a similar Solana ETF. This situation is due to the ongoing government shutdown's impact on the U.S. Securities and Exchange Commission.