Hong Kong Securities and Futures Commission spokesperson: No comment on considering allowing collateralized Ether ETFs

2024-05-25 10:31:31

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ChainCatcher news, Bloomberg previously reported that Hong Kong is considering allowing direct investment in Ethereum exchange-traded funds (ETFs) for staking. The news reveals that the Hong Kong Securities and Futures Commission is in discussions with virtual asset ETF issuers regarding staking through licensed platforms. It is reported that the consultations are ongoing, with no clear timetable, but a spokesperson for the Hong Kong Securities and Futures Commission has stated that they will not comment on the matter. Market participants point out that once the Ethereum ETF incorporates staking functionality, it will become an income-generating asset, which would be a milestone event. If approved, the staking yield is expected to further enhance the demand for Hong Kong's spot virtual currency ETFs.

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