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Hong Kong asset management regulators may approve the integration of staking into their spot Ether exchange-traded funds (ETFs) this year, according to Animoca Brands Chairman Yat Siu. This move would allow these ETFs to include staking incentives. 
Yat Siu said in an interview that Hong Kong is currently discussing staking and that the chance of staking being legalized in Asia before the United States is nearly certain. 
“In terms of how quickly, there’s an optimistic side of me that wants it to happen within the year,” said Siu. “If we don’t get much movement on staking within the year, then I would say the election outcome will be the other determinant in terms of how quickly that could happen in the U.S.” 
HashKey, which manages bitcoin and ether ETFs in Hong Kong alongside Bosera, intends to implement ether staking. CEO Livio Weng indicated that the approach attempts to gain rewards without increasing risks, with additional information to follow. 
Weng stated that they hope to move forward with some studies in this area [of ether staking] in a compliant and controlled manner without increasing risks. 
Blockdaemon, a blockchain infrastructure provider, is also in talks with Hong Kong ETF issuers and custodians about delivering ETF staking services, according to Glenn Woo, Blockdaemon’s APAC head of sales. 
Blockdaemon is in discussions with Hong Kong ETF issuers and custodians to offer staking services, according to Glenn Woo, head of sales for APAC. Woo noted a positive outlook for ether staking approval based on recent talks. 
Woo noted that industry participants intend to approve the staking function this year, as it is the most significant missing element. He is hoping for swift approval, pointing out that Blockdaemon currently provides staking for various European exchange-traded instruments. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/23/hong-kong-considers-to-allow-staking-in-ether-etfs/" target="_blank" rel="noreferrer noopener">Hong Kong Considers to Allow Staking in Ether ETFs</a> 
</blockquote>

Hong Kong May Approve Staking for Spot Ethereum ETFs This Year

The Crypto Times

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