Spot Ethereum ETFs Staking: When Will It Arrive?

Animoca Brands co-founder Yat Siu says Hong Kong could allow staking for spot Ethereum ETFs this year.

Staking discussions are ongoing in Hong Kong, which approved spot Bitcoin and Ethereum ETFs after the US.

While there is speculation about whether Hong Kong regulators will allow ETH staking for spot Ethereum ETF issuers, Animoca Brands co-founder Yat Siu has said that Hong Kong could allow staking for spot ETH ETFs this year.

Speaking to The Block, Yat Siu also said that Hong Kong ETF issuer HashKey has prepared a draft proposal to add ETH staking to ETFs.

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Yat Siu’s statements:

“Discussions are currently underway to add a staking feature to spot Ethereum ETFs in Hong Kong. I believe that ETH staking is inevitable to be approved in Asia before the US, and that staking will be approved before the US. I think this will happen within 2024. However, if there is not much movement on staking this year, no matter how fast it is, I can say that the US election result will be decisive in determining which region approves staking first.”

Statements of HashKey CEO Livio Weng:

“We have prepared a staking plan designed to earn rewards without increasing risk in ETH, and we are moving forward in a controlled manner. ETH ETF staking is considered the biggest missing piece of the puzzle.”