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Hong Kong's first Solana spot ETF did not include staking

By: theblockbeats.news|2025/10/23 12:15:52

BlockBeats News, October 23rd. According to Caixin, the Hong Kong Securities and Futures Commission has approved the listing of the "Huaxia Solana ETF" on the Hong Kong Stock Exchange. Although Hong Kong's regulations have allowed cryptocurrency spot ETFs to provide staking services, the issuance of the Huaxia Solana ETF does not include staking.

Insiders revealed that it may be because a previous staking service provider, Klin, was suspected of being hacked, leading to a theft on the Switzerland-based cryptocurrency platform SwissBorg, prompting the Hong Kong regulatory agency to believe that the staking feature needs a more cautious assessment.

MET pre-market price briefly dropped below $0.75, marking a 24.5% decrease in the last 24 hours.

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