Hong Kong Laughs in the Face of Regulator Fuss: Solana ETF Gets a Green Light

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What to know:

  • Hong Kong’s securities reggie-beast has finally waved its big sticky paw and approved the very first Solana spot ETF. Yes, beyond Bitcoin and Ether, because apparently, the crypto buffet has too many desserts now.
  • The ChinaAMC Solana ETF (also known as “Hey, look at this!”) is gearing up to hit the Hong Kong Stock Exchange on October 27, trading in HKD, RMB, and USD-because your money likes to travel.
  • Meanwhile, over in the land of Uncle Sam, regulators are busy playing hide and seek with a giant government shutdown, which makes approving a Solana ETF seem about as urgent as rearranging deck chairs on the Titanic.

In a move that would make even the most hardened regulators blush, the Securities and Futures Commission (or SFC, if you’re feeling lazy) has given the green light for Hong Kong’s first Solana spot ETF. Yep, it now extends the crypto buffet beyond Bitcoin and Ether-because why not add more digital spices?

The ChinaAMC Solana ETF (03460, because numbers are fun) is set to moonwalk onto the stock exchange on October 27, with three shiny new currency options: HKD (3460), RMB (83460), and USD (9460). Each lot holds a tidy 100 SOL-enough to keep your wallet feeling slightly less like a punching bag.

ChinaAMC already has its fingers in the Bitcoin and Ether pies, which are some of the earliest in Asia-so you might say they’re trendsetters or just really eager to see how much crypto they can spread across Hong Kong’s digital smorgasbord.

Back across the pond, the SEC (Security and Excessive Caution? Just joking, it’s actually The Big Watchdog) is running around with its hair on fire, clutching onto a government shutdown, and postponing its approval. Apparently, “hurry up” isn’t part of the bureaucratic vocabulary right now.

JPMorgan (because what’s more trustworthy than a bank that might be secretly trying to buy the moon?) reckons Solana spot ETFs could pull in a modest $1.5 billion in their first year. Chump change compared to Ether’s debutante ball, but hey, everyone loves a new shiny toy, right?

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2025-10-22 11:45