Hong Kong Approves Solana ETF, Restricts Staking Features

Key Points:* Hong Kong SFC approves the Hua Xia Solana ETF without staking services due to security concerns.

• Staking services are omitted from the fund due to previous cyber threats.
• Regulatory caution continues to shape virtual asset offerings in Hong Kong. The Hong Kong Securities and Futures Commission has approved the “Hua Xia Solana ETF” for listing on the Hong Kong Stock Exchange, a significant move announced on October 23rd.

The approval reflects Hong Kong’s cautious yet expanding approach to digital assets while excluding staking services due to security concerns, potentially impacting Solana’s market dynamics.

Hua Xia Solana ETF Approved Amid Security Concerns

The Hong Kong Securities and Futures Commission has approved the issuance of the “Hua Xia Solana ETF,” officially listing it on the Hong Kong Stock Exchange. Huaxia Fund (Hong Kong) heads the fund’s management, with oversight from China Asset Management (Hong Kong). However, the ETF excludes staking services due to security concerns surrounding previous incidents involving staking providers like Klin. This regulatory decision reflects increased caution from Hong Kong authorities against potential vulnerabilities in staking services.

Market participants have yet to react publicly, but the decision emphasizes the SFC’s heightened vigilance. Notable industry responses are currently absent, and influential figures in the crypto space have not issued any significant statements regarding the ETF’s launch.

Historical Context, Price Data, and Expert Insights

Did you know? The approval of Bitcoin and Ethereum ETFs in Hong Kong earlier this year showcased the region’s evolving regulatory approach towards digital assets, paving the way for subsequent cryptocurrency ETFs like Solana’s.

Solana’s (SOL) current market activity shows a price of $187.97, a market cap of $102.76 billion, and a trading volume decline of 14.35% within 24 hours, according to CoinMarketCap data as of October 23, 2025. Despite a 1.57% price increase over 24 hours, its value has dipped 4.52% over the last week.

Solana(SOL), daily chart, screenshot on CoinMarketCap at 12:00 UTC on October 23, 2025. Source: CoinMarketCap Coincu research analysts indicate potential technological advancements may be scrutinized further under the present regulatory climate. Future prospects will likely hinge on policy shifts, as Hong Kong aims to balance digital asset accessibility with consumer protection.