Hong Kong Considers Allowing Ether ETF Staking In Contrast to US.

Hong Kong is considering allowing staking for exchange-traded funds (ETFs) investing in Ether, which could provide a source of passive income. The Securities and Futures Commission has been in discussions with crypto ETF issuers about offering staking services through licensed platforms. If approved, this move could boost demand for Hong Kong's spot-crypto ETFs and give the city an advantage over the US, where staking is not currently allowed for Ether ETFs. Staking involves locking tokens on the Ethereum network to validate transactions and currently pays out around 4% annually. Hong Kong is aiming to become a digital-asset hub and is also exploring applications for licensed digital-asset exchanges and a framework for stablecoins. [Extracted from the article]