Odaily Planet Daily reports that Hong Kong's first Solana exchange-traded fund, the "Huaxia Solana ETF," has been approved. Managed by China Asset Management (Hong Kong), the ETF will feature RMB counters (83460) and USD counters (9460). It is expected to list on October 27th, with trading units of 100 and a minimum investment of approximately US$100 (approximately HK$780). The Huaxia Solana ETF reportedly carries a management fee of 0.99%, with custody and administrative fees capped at 1% of the sub-fund's net asset value, resulting in an estimated annual recurring expense ratio of 1.99%. The ETF is not expected to make any distributions to shareholders. (Hong Kong Economic Times)