Hong Kong approves Ethereum staking ETF as part of financial rule changes

Hong Kong has reversed course under new legislation, approving a second Ethereum ETF that includes staking functionality.
On the 17th (local time), Decrypt announced that the Hong Kong Securities and Futures Commission (SFC) had decided to make the cryptocurrency a part of the overall financial regulation reform.
With the SFC's approval, ChinaAMC will launch a staking service for its digital asset exchange, OSL Digital Securities.
In collaboration with Ethereum Securities, the company is set to launch a staking-enabled Ethereum exchange-traded index fund (ETF) by May 15.
With institutional investors able to earn profits on a regulated platform like OSL, Hong Kong will further solidify its aspirations as a central hub for digital assets in Asia, unlocking new advantages.
Earlier this month, Boseira International and HashKey Capital
Limited has jointly launched its own fund with staking elements. The ETF will be launched on the 25th of this month.
It is scheduled to be released in.