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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
