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The Hong Kong Securities and Futures Commission has no implementation timetable for approving ETF issuers to provide Ethereum staking

The Hong Kong Securities and Futures Commission has no implementation timetable for approving ETF issuers to provide Ethereum staking

Bitget2024/05/23 14:38

Golden Finance reported that according to previous news from Bloomberg, the Hong Kong Securities and Futures Commission is considering providing Ethereum pledge options for issuers of spot Ethereum exchange-traded funds (ETF). This move may allow these issuers to hold ETH and earn Get passive income. People familiar with the matter said that the Hong Kong Securities and Futures Commission has received the proposal and discussed it with relevant parties in recent weeks, but it is still in the discussion stage and there is no specific implementation timetable. HashKey Exchange CEO Weng Xiaoqi (Livio) previously stated that if the on-chain pledge problem of managed Ethereum tokens can be solved, more large institutional investors will be attracted to choose this "interest-bearing asset", and its appeal may be greater than that of Bitcoin. Spot ETFs.

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