H.K. May Allow Ether ETF Staking, Setting It Apart From US
- The SFC is in discussions with issuers about staking services
- US ETF issuers have scrapped plans to stake Ether if approved
If approved, staking yields could bolster demand for Hong Kong’s spot-crypto ETFs.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
Hong Kong is considering allowing staking for exchange-traded funds investing directly in Ether, potentially unlocking a source of passive income that has been removed from prospective US issuers’ plans.
The Securities and Futures Commission has held discussions with the city’s crypto ETF issuers about providing staking services via licensed platforms, after fielding proposals in recent weeks, according to people familiar with the matter.