Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), is reportedly considering the option of including an Ether (ETH) staking service for spot ETH exchange-traded fund (ETF) issuers.
According to Bloomberg, the SFC is exploring the possibility of allowing ETH ETF issuers in the country to stake Ether and gain passive income.
This development comes after the approval of a Bitcoin ETF in Hong Kong earlier this year, which happened three months after the United States approved 10 spot ETFs.
The SFC has reportedly been in discussions with crypto ETF issuers in the country about offering staking services through licensed platforms, after receiving proposals in recent weeks. While there is no set timeline for implementation, the SFC is currently discussing the matter, as reported by Bloomberg.
This approach by the SFC contrasts with the policy adopted by the US Securities and Exchange Commission (SEC), which considers staking services to be an investment contract and a violation of securities laws.
