Hong Kong's first Solana spot ETF has been listed, with an initial issuance of HK$21.29 million

On October 27th, Hong Kong's first Solana spot ETF, the ChinaAMC Solana ETF (stock code: HKD 3460, RMB 83460, USD 9460), officially listed on the Hong Kong Stock Exchange.

This product is the third category of cryptocurrency spot ETF approved by the Hong Kong Securities and Futures Commission (SFC), following Bitcoin and Ethereum.

According to SoSoValue data, the ETF's trading volume on its first day of listing was HK$11.39 million, with a total net asset value of HK$21.29 million, equivalent to approximately 13,461 Sol. The Hong Kong dollar counter closed at a -0.60% discount, reflecting relatively strong selling pressure. Its first-day trading volume was approximately half of the total trading volume of the first-day Ethereum spot ETF in Hong Kong on April 30th of this year, when three similar products were simultaneously listed.

The ChinaAMC Solana ETF, issued by ChinaAMC (Hong Kong), was officially approved by the SFC on October 22nd.

The main features of the product include: supporting cash or physical redemption, not providing Solana staking income, a management fee of 0.99%, and three trading counters for Hong Kong dollars, RMB, and US dollars, providing investors with multi-currency trading options.