Hong Kong launches Asia’s first Solana ETF ahead of the US

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Hong Kong has approved its first exchange-traded fund (ETF) that tracks the performance of the cryptocurrency token Solana, ahead of the US, as the city moves to cement its status as a digital asset hub.ChinaAMC (HK), the Hong Kong arm of Chinese fund manager China Asset Management, started accepting subscriptions for its new spot Solana ETF on Wednesday after receiving approval from the Securities and Futures Commission last week.The ETF, set to start trading on Monday, directly holds Solana...