Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Hong Kong's First Solana Spot ETF Listed Today, with an Initial Size of 21.29 Million HKD
BlockBeats News, October 27th: The first Solana spot ETF in Hong Kong, the Huaxia Solana ETF, was officially listed on the HKEX, becoming the third type of cryptocurrency spot ETF approved by the Hong Kong Securities and Futures Commission, following Bitcoin and Ethereum.
According to SoSoValue data, the first day of trading saw a trading volume of 11.39 million Hong Kong dollars, a total asset net value of 21.29 million Hong Kong dollars, equivalent to about 13,461 SOL, with a Hong Kong dollar over-the-counter closing discount of -0.60%, indicating stronger selling pressure. From the perspective of first-day trading volume, it was about half of the trading volume of the Hong Kong Ethereum spot ETF listed on April 30, 2024 (when three products were listed at the same time).
The Huaxia Solana ETF is issued by Huaxia Fund (Hong Kong) and was approved by the Hong Kong Securities and Futures Commission on October 22nd. Its features include: supporting cash or in-kind creation and redemption, not supporting Solana for providing additional yield through staking, a management fee rate of 0.99%, and multi-currency trading: supporting Hong Kong dollars (code 3460), Renminbi (code 83460), and US dollar trading (code 9460).
You may also like
The biggest DeFi heist of 2026, hackers easily took advantage of Aave
Will Robots Replace Humans? He Says No!
Binance Coin's Price Skyrockets 15x to All-Time High, Saved by Three Bull Market Lifelines
The organization has accessed the prediction market, but is stuck at the third stage
Head of crypto VC collective shrinks: a16z crypto fund management scale plummets by 40%, Multicoin cut in half
Arthur Hayes New Post: It's "No Trade" Time Now
Claude Opus 4.7 Review: Is It Worthy of the Title of Strongest Model?
DWF In-Depth Report: AI Outperforms Humans in Yield Farming Optimization in DeFi, But Complex Transactions Still Lag Behind 5x
The financial tricks of the crypto giant Kraken
When proactive market makers start to take initiative
Massive Whale Movement: Unstaking $84.96 Million in HYPE Tokens
Key Takeaways A crypto whale, known as TechnoRevenant, has unstaked approximately $84.96 million in HYPE tokens. The tokens…
ListaDAO Addresses Third-Party Contract Vulnerability Concerns
Key Takeaways GoPlus Security revealed a vulnerability in a contract resembling those of ListaDAO. ListaDAO confirmed that their…
Security Risks of Fake Ledger Nano S+ Devices Emerging Through Chinese E-Commerce
Key Takeaways Counterfeit Ledger Nano S+ devices are being sold on Chinese e-commerce platforms, posing significant risks to…
Wave of Cyber Attacks Hits DeFi Protocols Post-Drift Hack
Key Takeaways A significant $280 million attack on Drift Protocol set off a chain of security breaches across…
Tom Lee Says ‘Mini Crypto Winter’ Is Over, Sees Ether Above $60K
Key Takeaways: Tom Lee predicts Ether’s resurgence, projecting it to surpass $60,000 in the coming years. Bitmine suffered…
French Government Tackles Rising Crypto Safety Concerns
Key Takeaways: France is intensifying measures to counter the surge in crypto kidnappings and wrench attacks. Since early…
Europe’s Bitcoin Treasury Playbook Unlikely to Mirror US Strategy: PBW 2026
Key Takeaways: European firms are adapting unique Bitcoin treasury strategies due to distinct financial regulations and market dynamics…
Circle Confronts Lawsuit Over $280M Drift Protocol Hack
Key Takeaways: Circle faces a lawsuit for allegedly aiding in the transfer of $230 million in stolen USDC.…
App