Hong Kong Ethereum ETF Staking Could Be Approved This Year
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Key points: Blockdaemon’s VP Andrew Vranjes stated that his team is working closely with spot crypto ETF issuers in Hong Kong to develop feasible staking solutions. The staking feature could be approved this year “within certain constructs,” Vranjes said. Hong Kong Ethereum ETF staking may be approved this year, with Blockdaemon working closely with local regulators to implement feasible solutions for accredited investors. Hong Kong Ethereum ETF Staking Could Gain Approval This Year 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 Supports Hong Kong Ethereum ETF Staking Solutions 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. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Visited 3 times, 3 visit(s) today Source: https://coincu.com/283342-hong-kong-ethereum-etf-staking-could-be-approved
Filed under: News - @ September 19, 2024 9:24 am