🇭🇰Unlike the US, Hong Kong May Allow Deposits for Spot Ethereum ETFs
In contrast to the US, Hong Kong's Securities and Futures Commission is considering allowing bets on spot Ethereum ETFs, Bloomberg reported.
The SFC is in talks with crypto ETF companies about offering staking services through licensed platforms, potentially allowing investors to earn passive income from staking ether .The Asia's first spot bitcoin and ether ETF, led by China Asset Management ( ChinaAMC ),
Harvest Global and Bosera/HashKey management, launched on the Hong Kong Stock Exchange on April 30. In the US, it was a very different story, as issuers rushed to remove staking features bets off their spot Ethereum applications in recent days as it appears to have become an important factor for the SEC in approving a potential Ethereum spot ETF.
