Hong Kong regulators are considering approving staking features for Ethereum-based spot ETFs by the end of the year, according to Blockdaemon’s VP Andrew Vranjes. This development would make Hong Kong one of the first regions to offer such a feature, giving its spot crypto ETFs a competitive edge.

Close Collaboration with Regulators

Vranjes revealed that Blockdaemon is working closely with local regulators and crypto ETF issuers to develop feasible staking solutions. The discussions are progressing well, with regulators possibly approving the staking feature under specific conditions.

Competitive Edge Over the US

While spot crypto ETFs in Hong Kong have underperformed compared to their U.S. counterparts, adding a staking feature could give them a significant advantage. Vranjes suggested that Hong Kong might approve Ethereum staking for ETFs before the U.S., further solidifying its position as a growing crypto hub.

Gradual Implementation

The staking feature could initially be limited to accredited investors before becoming available to a broader audience. Vranjes remains optimistic that an announcement could be made soon, as discussions with regulators have reached a detailed level. Source
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