Fosun Wealth Becomes Asia’s First Authorized Participant for Huaxia Solana ETF (SOL) on HKEX

COINOTAG News reports that on October 29, Fosun Wealth Holdings Limited, a unit of Fosun International, secured the status of the first and only Solana ETF Authorized Participant for the Huaxia Solana ETF (stock code 3460.HK). The firm will deliver in-kind and cash creation and redemption services, enabling institutions and individuals to access opportunities at the leading edge of the digital-asset market.

Issued by Huaxia Fund (Hong Kong) Limited, the Huaxia Solana ETF stands as the HK SFC’s inaugural approval of a Solana spot ETF. Following Bitcoin and Ethereum, it represents the third cryptocurrency-based spot ETF sanctioned in Hong Kong, signaling a meaningful stride in Asia’s digital-asset financialization. Trading commenced on the Hong Kong Stock Exchange on October 27, broadening the territory’s suite of digital-finance products and reinforcing Hong Kong’s status as an Asian Web3 financial hub.