Hong Kong Launches Solana Spot ETF Without Staking

Hong Kong has approved its first Solana spot ETF, to be launched by China Asset Management (Hong Kong) Ltd. on October 27, 2025. Regulatory filings confirm that the ETF excludes staking, aligning with prior Bitcoin and Ethereum ETFs.

The Hong Kong Securities and Futures Commission (SFC) conducted a comprehensive review of the ETF’s design and compliance. ChinaAMC will manage and trade the ETF on both the Hong Kong Stock Exchange and the OSL Exchange.

Excluding staking from the ETF means investors will not earn staking rewards, concentrating purely on the asset’s spot price. This decision mirrors previous regional ETFs in offering simplified investment exposure.

JP Morgan estimates inflows of $1-1.5 billion for Hong Kong’s crypto ETFs, providing Solana with increased legitimacy among institutional investors, without impacting SOL’s on-chain activity or staking yields.

The spot ETF launch could elevate Solana’s market presence by increasing institutional participation. The uptake is expected to reduce SOL’s circulating market supply, potentially impacting its market price trajectory.

Historical trends from Bitcoin and Ethereum ETFs suggest potential upward price pressure due to reduced liquid supply. The absence of staking aligns with the preference for simpler regulatory compliance, avoiding complications associated with yield-generation mechanisms.

Quote from Hong Kong Securities and Futures Commission (SFC): “The ETF structure required custody infrastructure, compliance safeguards, and risk management.”