🏃 Launch of the First Spot ETF for Solana in Hong Kong 🇭🇰

In a historic event anticipated by the crypto community around the world, China Asset Management (Hong Kong) announced the launch of the first Spot Exchange-Traded Fund (ETF) for Solana $SOL today, October 27, 2025, to be officially listed on the Hong Kong Stock Exchange (HKEX).

💼 This fund is the third spot product for digital currencies after Bitcoin and Ethereum funds in Hong Kong, reflecting the rapid expansion of institutional acceptance of high-value digital assets in Asian markets.

⚙️ Trading Mechanism

Listed Symbol: ( Spot ETF#solana – the fund symbol is officially determined by HKEX).

Trading is available in currencies: US Dollar (USD), Hong Kong Dollar (HKD), and Chinese Yuan (RMB).

Pricing is based on the spot price of Solana on trusted global platforms.

The fund's issuance and management are conducted by ChinaAMC (HK) under the direct supervision of the Securities and Futures Commission of Hong Kong (SFC).

Institutional and individual investors can purchase fund units just like any other stock or ETF through authorized brokers on HKEX.

📈 Importance of this Event

🔹 It is considered a significant step towards integrating digital currencies into the traditional financial system in Asia.

🔹 It may open the door for other spot funds for currencies like Avalanche and Polygon in the future.

🔹 It is expected to increase institutional liquidity in Solana.

✍️ Dr. Ghassan

#sol #WriteToEarnUpgrade #BinanceHODLerEDEN #BinanceHODLerMorpho $SOL