Hong Kong Spot Ethereum ETFs Could Receive Approval For Staking Feature This Year, Blockdaemon Says
Regulators in Hong Kong might approve staking Features for spot Ethereum ETFs (exchange-traded funds) this year as the region pushes to become a global crypto hub. That’s according to Blockdaemon’s head of international and vice president Andrew Vranjes, who told The Block in an interview at Token2049 in Singapore that regulators could approve staking for spot Ethereum ETFs “within certain constructs and boundaries.” Crypto ETF Issuers And Regulators In Hong Kong Are Actively Engaging Vranjes added that a potential scenario that could play out is one wherein “accredited investors” will be allowed to take part in spot Ethereum ETF staking before the rest of the market. Conversations with crypto ETF issuers and regulators in Hong Kong to offer such a solution are ongoing, Vranjes said. “We’re positive because of the level of conversation,” the Blockdaemon executive told The Block. “I think we’re closer to the announc...