Founder of Animoca Yat Siu Hong Kong may allow pledge services to include Ether spot ETF as early as this year

According to The Block, Yat Siu, the founder and chairman of blockchain gaming company Animoca Brands, stated that asset management institutions in Hong Kong are working to introduce staking into their Ethereum spot ETF, hoping that the staking rewards feature will be approved this year.

In an interview with The Block, Siu stated that Hong Kong is currently discussing the issue of Ethereum (ETH) staking, and the possibility of staking being approved in Asia before the United States is “almost an inevitable outcome.” Siu also mentioned:
HashKey, which co-manages two spot ETFs in Hong Kong with Bosera Funds, is developing a proposal to introduce Ethereum staking. Livio Weng, CEO of HashKey Exchange, stated, “We have devised a plan to earn rewards without increasing risk.” He added that more undisclosed details are under discussion.

As the U.S. Securities and Exchange Commission (SEC) has clearly stated that Ethereum spot ETFs are not allowed to have staking functions (at least for now), the possibility of staking rewards could give similar fund products in Hong Kong a competitive advantage.

Related report: “Market experts: Canceling staking plans for Ethereum spot ETF issuers may reduce attractiveness of such funds”