Title: The Anticipated Arrival of Staking Spot Ethereum ETFs: A Potential Date Revealed!
In the realm of crypto news, discussions surrounding staking are buzzing in Hong Kong, where approval for spot Bitcoin and Ethereum ETFs has already been granted following the USA.
Speculation is rife as to whether the Hong Kong regulator will greenlight ETH staking for spot Ethereum ETF issuers. Yat Siu, co-founder of Animoca Brands, suggests that Hong Kong may indeed permit staking of spot ETH ETFs within the year.
In a conversation with The Block, Yat Siu hinted at negotiations in progress in Hong Kong to incorporate staking functionality into spot Ethereum ETFs. He expressed confidence that the approval of ETH staking in Asia before the USA is inevitable, potentially materializing in 2024.
Livio Weng, CEO of HashKey, a key player in the Hong Kong ETF sector, corroborated these claims. He revealed that a proposal is in the works to integrate staking into ETH ETFs, emphasizing a cautious approach to ensure rewards without added risks.
While the US has been cautious about the inclusion of staking in Ethereum ETF applications, Hong Kong seems to be taking a more proactive stance by engaging in discussions with issuer companies ahead of the US. The industry in Hong Kong is determined to push for the approval of the staking feature within the year, identifying it as a crucial element missing in ETH ETFs.
Meanwhile, the SEC in the USA has approved ETH ETF applications that exclude the staking feature, reflecting their reservations about this aspect of Ethereum. In response, applicant companies have adjusted their applications to align with SEC requirements.
As the debate continues on the integration of staking in Ethereum ETFs, the spotlight remains on Hong Kong’s progressive approach compared to the USA’s cautious stance. The anticipation is high for the potential approval of staking spot Ethereum ETFs, marking a significant development in the crypto world.
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