On April 17th, COINOTAG reported that following the recent approval by the Hong Kong Securities and Futures Commission (SFC), significant advancements in the crypto space are underway. The Huaxia Fund of Hong Kong has collaborated with OSL Digital Securities to introduce an Ethereum staking ETF, which is expected to be officially listed by May 15th at the latest. This innovative financial product leverages custody services through OSL, while also utilizing node validation provided by Kiln, a reputable French staking service. This arrangement allows investors to earn Ethereum staking rewards indirectly, enhancing the accessibility of crypto investments.
The SFC previously unveiled its “ASPIRe” roadmap, delineating five fundamental pillars: Access, Safeguards, Products, Infrastructure, and Relationships. This framework is designed to foster a robust virtual asset ecosystem in Hong Kong. With the inaugural Ethereum staking ETF set to debut on April 25th, and two staking-type crypto ETFs having received government approval in recent months, Hong Kong is positioning itself as a competitive player in the global regulatory landscape.
Source: https://en.coinotag.com/breakingnews/hong-kong-launches-first-ethereum-staking-etf-in-partnership-with-osl-digital-securities/