Spokesperson for the Hong Kong Securities and Futures Commission: No comment on considering allowing collateralized Ethereum ETFs

Golden Finance reported that Bloomberg previously disclosed that Hong Kong is considering allowing exchange-traded funds (ETFs) that directly invest in Ethereum for staking. Sources revealed that the Hong Kong Securities and Futures Commission and virtual asset ETF issuers are discussing the issue of staking through licensed platforms. It is reported that the relevant negotiations are ongoing and there is no clear timetable. However, a spokesman for the Hong Kong Securities and Futures Commission has stated that it has no comment on the matter. Comment. Market participants pointed out that after adding the pledge function to the Ethereum ETF, it will become an interest-bearing asset, which will be a milestone. If approved, the staking yield is expected to further increase demand for Hong Kong spot virtual currency ETFs.