Financial news and regulatory announcements in Asian countries

Hong Kong SFC in Talks to Allow Staking for Ether ETFs with Potential 4% Yield

May 23, 2024, 02:28 PM

Hong Kong's Securities and Futures Commission (SFC) is in talks to allow staking for Ether ETFs. This move would enable recently approved spot Ethereum ETFs to stake their holdings for additional yield, potentially offering a 4% annual return. The decision, if approved, would set Hong Kong apart from the US, which currently does not permit staking for such ETFs. Talks are still in the preliminary stages with no clear timeline for implementation. This development is expected to drive more institutional demand for Ether.