Odaily Planet Daily News: Hong Kong's first Solana spot ETF - Hua Xia 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 trading volume on the first day of listing was HK$11.39 million, with a total net asset value of HK$21.29 million, equivalent to approximately 13,461 SOL. The HKD counter closed at a -0.60% discount, indicating strong selling pressure. This first-day trading volume was approximately half the trading volume of the Ethereum spot ETF listed in Hong Kong on April 30, 2024 (when three products were listed simultaneously).

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

Support cash or physical redemption

Solana is not supported to provide additional income through staking

Management fee rate 0.99%

Multi-currency transactions: Supports Hong Kong dollar (code 3460), RMB (code 83460), and US dollar (code 9460) transactions