đ„ #HONG KONG JUST APPROVED THE FIRST SOLANA ($SOL ) ETF! đđđ°
Hong Kongâs Securities and Futures Commission just gave the green light to the first-ever Solana (SOL) spot ETF a massive step for crypto adoption in Asia. Until now, only Bitcoin and Ethereum ETFs had approval. Now, Solana joins the elite club.
đ° Hereâs Whatâs Happening
The new ChinaAMC Solana ETF (03460) will start trading on October 27 on the Hong Kong Stock Exchange. Itâll be available in three currencies HKD (3460), RMB (83460), and USD (9460) and each lot represents 100 SOL. Thatâs a big deal for both retail and institutional players who want exposure to Solana without touching crypto wallets.
đ„ Why It Matter
ChinaAMC already runs Bitcoin and Ethereum ETFs in Hong Kong some of the first in Asia and now theyâre expanding into Solana. This shows growing confidence in Layer-1 networks beyond the big two. Solanaâs blazing speed and massive DeFi growth might finally be getting the recognition it deserves.
đșđž Meanwhile in the U.S.
The SEC is basically asleep at the wheel right now still stuck on Solana ETF approvals due to the ongoing U.S. government shutdown and staffing shortages. Even JPMorgan expects U.S. Solana ETFs to bring in around $1.5B in inflows during their first year, though thatâs modest compared to Ethereumâs ETF hype.
đŹ Bottom Line
Hong Kong just beat the U.S. again. Solana ETFs are officially real, and this could ignite fresh institutional interest in one of cryptoâs fastest blockchains.
What do you think... will this push SOL past $200 next? đ
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