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Fosun International Securities Becomes First Asia-based Solana ETF Authorized Participant Broker

By: theblockbeats.news|2025/10/29 05:48:05

BlockBeats News, October 29th, according to official sources, Fosun Wealth Holdings Limited ("Fosun Wealth Holdings"), a subsidiary of Fosun International Limited ("Fosun International"), announced that it has officially become the first and only Asian Solana ETF Authorized Participant for the "Huaxia Solana ETF" (Stock Code: 3460.HK), providing in-kind and cash creation/redemption services to help institutional and individual investors seize opportunities at the forefront of the digital asset field.

This ETF is issued by Huaxia Fund (Hong Kong) Limited and is the first Solana spot ETF approved by the Hong Kong Securities and Futures Commission. Following Bitcoin and Ethereum, this is the third type of cryptocurrency-based spot ETF approved in Hong Kong, marking another important step in the Asian market's financialization of digital assets. The fund was listed on the Hong Kong Stock Exchange on October 27th, further enriching the local digital financial product matrix and consolidating Hong Kong's position as an Asian Web3 financial hub.

「Cool-headed Whale」 initiated a high-level averaging down short position, with a position size reaching $79.7 million. In two days, managed to reduce floating losses from 150% to 27%.

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