Hong Kong's Securities and Futures Commission has approved the region's first Solana spot ETF, to be issued by ChinaAMC. The product will begin trading on October 27 under ticker 3460, making Solana the third digital asset after Bitcoin and Ethereum to receive ETF approval in Asia. The fund will charge a 0.99% annual management fee and will be denominated in Hong Kong dollars, Chinese yuan, and U.S. dollars.