Blockdaemon: Hong Kong May Allow Spot ETH ETF With Staking This Year
CryptoNewsTerminal Staff19 Sep, 2024
Blockdaemon: Hong Kong May Allow Spot ETH ETF With Staking This Year
Blockdaemon, a blockchain infrastructure provider, expects Hong Kong to approve spot ETH ETFs with staking capabilities this year. Andrew Vranjes, vice president of Blockdaemon, shared in an interview with The Block that the company is collaborating with several spot crypto ETF issuers in Hong Kong to develop staking solutions. He expressed optimism about the approval of staking capabilities, at least on a limited basis, by Hong Kong authorities.