Caixin: Hong Kong may unlock a passive income source if it allows Ethereum ETF staking
According to reports, Caixin revealed that Hong Kong is considering allowing Ethereum exchange-traded funds (ETFs) to be pledged. People familiar with the matter previously said that the Hong Kong Securities and Futures Commission has negotiated with local cryptocurrency ETF issuers to provide pledges through licensed platforms. Services have been discussed, and potential issuers of such ETFs in the United States have removed pledge-related content from their plans. Hong Kong's move differs from the U.S. approach and could unlock a source of passive income.
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