Key points:
Hong Kong regulators are considering approving Ethereum staking features for spot ETFs, as the region aims to cement its position as a crypto hub. Blockdaemon’s Andrew Vranjes revealed that his team is making progress in discussions with ETF issuers and regulators.
The potential approval of staking features could give Hong Kong Ethereum ETFs a competitive edge, especially since their U.S. counterparts have outperformed them in terms of trading volume. The initial staking phase may be open to accredited investors only, with plans to expand over time.
Read more: Spot Ethereum ETF Still Shows No Signs of Flow
Blockdaemon is working closely with Hong Kong regulators to bring staking features to spot Ethereum ETFs. Andrew Vranjes highlighted the ongoing collaboration, noting that detailed documents are being exchanged to ensure a smooth process.
Adding staking features could help boost the appeal of Hong Kong spot Ethereum ETFs, which have underperformed their U.S. counterparts, according to SosoValue data. Industry experts believe the feature could give Hong Kong funds a significant competitive advantage in the market.
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