#加密货币监管发展 The launch of Hong Kong's first Solana Spot ETF is undoubtedly an important milestone in the development of the Crypto Assets market. However, it is worth noting that this ETF does not include staking functionality. Analyzing the reasons, it is likely related to the recent Hacker attack on the SwissBorg platform. This incident highlights the potential risks of staking services, prompting Hong Kong regulators to adopt a more cautious approach. In the long run, this prudent attitude is beneficial for the healthy development of the market, but it may also limit the product's profit potential. In the future, we need to closely follow the progress of regulators' assessment of staking functionality and its impact on ETF product design. This will provide us with important market signals that will help formulate more precise investment strategies.