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

On October 27, it was reported that Hong Kong's first Solana spot ETF—China Asset Management Solana ETF—was 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 assets 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. In terms of first-day trading volume, this is about half of the trading volume generated by the listing of Hong Kong's Ethereum spot ETFs on April 30, 2024 (when 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: supporting cash or in-kind subscription and redemption, not supporting additional yield through Solana staking, a management fee rate of 0.99%, and multi-currency trading: supporting HKD (code 3460), RMB (code 83460), and USD trading (code 9460).