Hong Kong is in discussions to allow staking for spot Ethereum (ETH) ETFs, potentially launching this year. According to Animoca Brands Chairman and co-founder Yat Siu, the move is seen as a significant step for the region's crypto market. Several local firms are seeking regulatory approval for the staking inclusion, which could position Hong Kong ahead of the U.S. in ETF offerings. This might happen in 2024 itself.
UPDATE: Hong Kong asset managers push for ETH spot ETF staking approval; this might happen in 2024 itself. More details…↓ #Ethereum #ETH (By: @ComposableD) https://t.co/CKRSdGTKXi
🇭🇰 Hong Kong is set to approve staking for spot #Ethereum ETFs, with several local firms seeking regulatory approval. Animoca Brands Chairman @ysiu sees this move as a significant step for the region's crypto market, potentially surpassing the U.S. in ETF offerings. https://t.co/8k8F7Ae3aW
[THE BLOCK] Hong Kong may allow staking for spot #Ethereum ETFs as soon as this year: Animoca cofounder $ETH
STAKING COMING TO HONG KONG’S SPOT ETH ETFS - REPORT - According to @AnimocaBrands founder Yat Siu, Hong Kong is “having discussions now for $ETH staking” regarding the jurisdiction’s recently launch spot Ether ETFs. - What’s more, said ETF issuers are now working to include… https://t.co/6PCD2psiCp https://t.co/cQSewCwy6X
🚨JUST IN: HONG KONG IS DISCUSSING $ETH STAKING FOR ITS ETFS - COULD LAUNCH THIS YEAR SAYS ANIMOCA FOUNDER
EXCLUSIVE: Hong Kong may allow staking for spot Ethereum ETFs as soon as this year: Animoca cofounder https://t.co/aSJDEBUoaW