Hong Kong Approves Ethereum Staking ETF Amid New Financial Rules
- Hong Kong’s Securities and Futures Commission approved staking services over a week ago.
- China Asset Management (ChinaAMC) plans to launch a staking-enabled Ethereum ETF by May 15.
- The ETF is developed in collaboration with OSL Digital Securities, an SFC-licensed platform.
- Bosera International and HashKey Capital Limited launched a similar fund expected on April 25.
- OSL provides custody services while Kiln manages validator nodes for Ethereum network consensus.
The approval by Hong Kong’s regulatory body has enabled ChinaAMC to collaborate with OSL Digital Securities for launching a staking-enabled Ethereum ETF, set to release by May 15.
Source (2.6)https://decrypt.co/315216/hong-kong-approves-ethereum-staking-etf?rand=52368
