Hong Kong May Allow Staking for Ethereum ETFs
Main page News, Ethereum, Hong Kong

According to Animoca Brands chairman Yat Siu, Hong Kong asset managers are implementing staking in their spot Ethereum exchange-traded funds with the aim of getting approval for the staking reward feature this year, The Block has reported.

Siu has explained staking discussions are ongoing in Hong Kong and that it is likely to be approved in Asia before it is approved in the United States.

Siu is optimistic that staking will be approved this year, but it ultimately depends on the outcome of the US election.

HashKey, which co-manages two Bitcoin and Ether spot ETFs in Hong Kong with Bosera, is formulating a proposal to introduce Ether staking.

Read also:
Please describe the error