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

6 hours ago

October 23rd. As per Caixin, the Hong Kong Securities and Futures Commission has given the green light for the listing of the "Huaxia Solana ETF" on the Hong Kong Stock Exchange. Although Hong Kong regulations have permitted cryptocurrency spot ETFs to offer staking services, the issuance of the Huaxia Solana ETF does not incorporate staking. Insiders disclosed that it might be due to the fact that a previous staking service provider, Klin, was suspected of being hacked, resulting in a theft on the Switzerland-based cryptocurrency platform SwissBorg, which led the Hong Kong regulatory agency to think that the staking feature requires a more cautious evaluation.
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