%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Hong Kong's Securities and Futures Commission (SFC) has approved the territory's first Solana (CRYPTO: $SOL ) spot exchange-traded fund (ETF). The new ETF will track the spot price of Solana without requiring investors to own the cryptocurrency in a digital wallet. The launch of the Solana ETF broadens Hong Kong's cryptocurrency ETF offerings beyond Bitcoin (CRYPTO: $BTC ) and Ethereum (CRYPTO: $ETH ). The new ChinaAMC Solana ETF (03460) will begin trading on the Hong Kong Stock Exchange Oct. 27. ChinaAMC already operates spot Bitcoin and Ethereum ETFs in Hong Kong, which were among the first of their kind in Asia. U.S. regulators have repeatedly delayed approving a Solana ETF, as the Securities and Exchange Commission (SEC) takes a more cautious approach to new crypto offerings. The SEC has also said that it has been delayed from approving new crypto products by the government shutdown in Washington, D.C. Analysts at JPMorgan Chase (NYSE: $JPM ) have said that they expect a Solana spot ETF to attract around $1.5 billion U.S. of inflows in its first year, a modest sum compared to Bitcoin ETFs. Solana is currently trading at $186.19 U.S. per digital token, having declined 1% this year.