Hong Kong's first Solana exchange-traded fund approved

ChainCatcher news, Hong Kong's first Solana exchange-traded fund "Huaxia Solana ETF" has been approved. This ETF is managed by Huaxia Fund (Hong Kong) and has a RMB counter 83460 and a USD counter 9460. It is expected to be listed, with a trading unit of 100 and a minimum investment amount of approximately 100 USD (about 780 HKD).

It is reported that the management fee for the Huaxia Solana ETF is 0.99%, and the custody and administrative management fee is up to 1% of the net asset value of the sub-fund, meaning the annual recurring expense ratio is expected to be 1.99%. This ETF is expected not to make any distributions to shareholders.