Hong Kong mulls nod for Ether ETF staking in contrast to US
economictimes.indiatimes.comHong Kong is considering allowing staking for exchange-traded funds investing directly in Ether, potentially unlocking a source of passive income that has been removed from prospective US issuers' plans.
The Securities and Futures Commission has held discussions with the city's crypto ETF issuers about providing staking services via licensed platforms, after fielding proposals in recent weeks, according to people familiar with the matter.
The talks are ongoing and there's no clear timeline for a decision, the people added, asking to not be identified discussing private information. A spokesperson for the SFC didn't immediately respond to a request for comment.
If approved, staking yields could bolster demand for Hong Kong's spot-crypto ETFs, which have met with lukewarm demand since launching in April. It could also give the Asian finance hub a head start on the US, where prospects have improved recently of a regulatory green light for spot-Ether ETFs — albeit without staking.
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