Hong Kong's first Solana spot ETF is listed, with an initial scale of 21.29 million HKD

ChainCatcher news, Hong Kong's first Solana spot ETF—China Asset Management Solana ETF—has been officially listed on the Hong Kong Stock Exchange, becoming the third type of cryptocurrency spot ETF approved by the Hong Kong Securities and Futures Commission after Bitcoin and Ethereum.

According to SoSoValue data, the first day's trading volume reached 11.39 million HKD, with total net asset value of 21.29 million HKD, equivalent to approximately 13,461 SOL. The HKD counter closed at a discount of -0.60%, indicating strong selling pressure.

From the perspective of first-day trading volume, it is about half of the trading volume on April 30, 2024, when the Hong Kong Ethereum spot ETF was listed (at that time, three products were listed simultaneously).

The China Asset Management Solana ETF is issued by China Asset Management (Hong Kong) and was approved by the Hong Kong Securities and Futures Commission on October 22. Its features include:

• Supports cash or physical redemption;
• Does not support additional yield through Solana staking;
• Management fee rate of 0.99%;
• Multi-currency trading: supports HKD (code 3460), RMB (code 83460), and USD trading (code 9460).