Hong Kong Approves Huaxia Solana ETF Listing on HKEX, Staking Not Included Amid Hack-Related Cautions

COINOTAG News, October 23 — 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 (HKEX). The move signals a path for institutional-grade exposure to Solana within a regulated framework, aligning with Hong Kong’s evolving crypto asset policy. Market participants will assess liquidity, custody arrangements, and price discovery as the ETF transitions from approval to trading.

Although Hong Kong’s regulatory regime permits cryptocurrency spot ETFs to offer staking services, the Huaxia Solana ETF issuance does not include staking. Insiders cited a prior security incident involving a staking service provider, Klin, and a theft on the Switzerland-based SwissBorg platform as factors prompting a more cautious regulator assessment. The development underscores the balance between innovation and risk management in Hong Kong’s crypto ETF landscape.