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Hong Kong’s SFC is mulling over a historic move that could see staking on licensed Ethereum platforms considered as part of the region’s spot ETFs. This, as explained in recent consultations with local crypto ETF firms, would allow investors to earn passive incomes through staking—making it more attractive to the funds. The announcement, however, comes to boost the somehow underperforming ETFs in Hong Kong and, on the other hand, open this city to be among the lead crypto hubs globally.
Spot Bitcoin and Ether ETFs are the creation of top firms like China Asset Management and Harvest Global, as Asia witnesses this for the first time. This is somehow a moderate response, but now their potential to feature staking facilities has put the city a step forward from their U.S. counterparts. A burst of regulatory pushes in the U.S. has seen staking features stripped from recent ETF applications, underscoring Hong Kong’s contrasting approach.
The global community of cryptocurrency is thus always on the boots, considering this move, as not only key to boosting the demand for local ETFs, but as well placing Hong Kong on the global chart for being a key player in the general international crypto field.
