{"id":90137,"date":"2025-10-22T11:12:48","date_gmt":"2025-10-22T08:12:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90137"},"modified":"2025-10-22T11:15:47","modified_gmt":"2025-10-22T08:15:47","slug":"asia-approves-first-spot-etf-for-solana","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/asia-approves-first-spot-etf-for-solana\/","title":{"rendered":"Asia Approves First Spot ETF for Solana"},"content":{"rendered":"

The Hong Kong Securities and Futures Commission (SFC) has approved the region’s first spot ETF<\/a> based on Solana<\/a>. This was reported by the Hong Kong Economic Times<\/a>.<\/p>\n

Trading of the product, managed by China Asset Management, will commence on October 27.<\/p>\n

Solana becomes the third cryptocurrency after Bitcoin and Ethereum to have a spot ETF approved in Hong Kong.<\/p>\n

The minimum investment amount will be approximately $100. Each trading unit will consist of 100 shares. The instrument will be traded on the OSL Exchange, with custodial services provided by OSL Digital Securities.<\/p>\n

The management fee for the fund is 0.99%. Storage and administration expenses are capped at 1% of the net asset value. The total annual expense ratio is 1.99%. No dividend payments are expected.<\/p>\n

What About SOL?<\/h2>\n

Since the beginning of the year, the “people’s cryptocurrency” has declined by 2.53%, unlike other major assets with ETFs.<\/p>\n

\"sol_YTD\"
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

At the time of writing, the asset is trading at ~$184.<\/p>\n

\"SOLUSDT_2025-10-22_10-43-00\"
15-minute chart of SOL\/USDT on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

However, in terms of total locked value, the ecosystem based on the “people’s cryptocurrency” is second only to Ethereum.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

Over the past year, Solana’s revenue amounted<\/a> to $2.85 billion, primarily from trading platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong Securities and Futures Commission (SFC) has approved the region’s first spot ETF based on Solana.<\/p>\n","protected":false},"author":1,"featured_media":90138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Hong Kong approves first spot ETF for Solana.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,832,1159],"class_list":["post-90137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-hong-kong","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"120","promo_type":"1","layout_type":"1","short_excerpt":"Hong Kong approves first spot ETF for Solana.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90137"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90137\/revisions"}],"predecessor-version":[{"id":90139,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90137\/revisions\/90139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90138"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}