Hong Kong Greenlights First-Ever Spot SOL ETF: Trading Begins Within A Week

SOL ETF Made Accessible For Both Retail And Institutional Investors

ChinaAMC already operates Bitcoin and Ethereum spot ETFs in Hong Kong. Its latest Solana product is built with 0.99% management fee and custody, administrative expenses are capped at 1%.

Anticipation for US approval of the SOL ETF is high at the moment, and a green light may be forthcoming at any time. On X, user @kale_abe said, “Everyone forgot about SOL but sounds like government is re-opening this week which means SOL ETF approval very very soon.”

With this approval, is $300 next for Solana? Solana is one of the largest crypto by market capitalization, with a total network value of over $100 billion.

Ex- CEO Of Sol Strategies Bullish On SOL ETFs

Canada just approved their staked SOL ETFs about a month ago.

I believe that under (the new Securities and Exchange Commission Chair Paul) Atkins, the staff is trying to understand how staked products will work.

I’m very bullish that SOL ETFs will come out soon because they’ve already started trading SOL CME futures. And then also the volatility shares, ETFs – both traditional and leveraged – including those SOL futures are trading well. So, I can’t see why that wouldn’t be a logical transition.

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Key Takeaways

The ChinaAMC Solana ETF is expected to energize the regional crypto investment scene and set a precedent for other altcoins to follow in gaining similar regulated product status.

This regulatory milestone comes at a time when the US SEC remains cautious, partly delayed by government shutdowns and staff shortages, with many Solana ETF filings still pending.