PanDu announced plans to launch an Ethereum ETF with staking functionality in Hong Kong in the second half of the year. This product not only holds spot Ethereum but will also generate additional income through staking. They are currently discussing details of investor protection and subscription/redemption operations with Hong Kong regulators. There has already been a Bitcoin spot ETF in Hong Kong, but the Ethereum ETF with staking functionality represents a new breakthrough. PanDu's Bitcoin ETF (2818) was just listed on July 18, performing well on its first day, surging more than 13% at one point. CEO Ren Junfei revealed that the subscription scale reached several hundred million HKD. The Hong Kong stablecoin regulations will be implemented on August 1, and PanDu also plans to launch products that can be subscribed to with stablecoins. These moves indicate that Hong Kong is actively promoting the development of the virtual asset market. In terms of market environment, virtual assets are increasingly recognized by mainstream institutions. Ren Junfei mentioned that virtual assets have risen from a niche investment category to the level of many large institutions, even U.S. strategic reserves. Trump's recent support for policies promoting virtual currency development has also increased the popularity of such products. The situation of Ethereum itself is also worth noting. The ETH/BTC exchange rate has increased by 70% in three months, and analysts expect Ethereum to experience a record short squeeze, potentially reaching $4,000. Over the past two weeks, more than 300,000 ETH have flowed out of exchanges, indicating that the market may be hoarding Ethereum.
The staking income revolution is here with crypto bonds that make money while lying down.
The Ethereum ETF that PanDu plans to launch not only holds spot assets but will also directly integrate staking functionality, meaning investors can capture both the price increase of ETH and staking income currently yielding about 3-5% annually. This design is rare globally and even surpasses the U.S. spot Ethereum ETF, regarded as an income-enhancing weapon—analysts from traditional asset management giant Goldman Sachs assert that this will redefine the allocation logic of crypto assets.
Hong Kong's policy is racing ahead with a combination of stablecoins and ETFs to open the fiat channel.
On August 1, Hong Kong's stablecoin regulations officially took effect, and PanDu has hinted at launching a stablecoin subscription ETF functionality, completely opening up the compliant channel for USD, HKD, and crypto assets. More crucially, the Monetary Authority's stablecoin license may adopt an invitation-only system, limited to top institutions—PanDu holds 1/4/9 type licenses from the Securities and Futures Commission, giving them the upper hand in this battle!
Whales act early, urgently withdrawing 300,000 ETH from exchanges.
Over the past two weeks, more than 300,000 ETH worth approximately $1.07 billion has disappeared from exchanges due to on-chain data alerts! This coincides with a 70% surge in the ETH/BTC exchange rate in March, leading to $1 billion in short liquidation pressure—whales are hoarding while short squeezes are brewing, Ethereum is just one step away from breaking the $4,000 mark!
Brother Lei's analysis:
A flood of hundreds of billions in funds is about to sweep the crypto circle as institutions countdown to FOMO for the listing of the PanDu Bitcoin ETF (2818), which surged 13% on its first day, with hundreds of millions of Hong Kong dollars in subscriptions being just a warm-up. The staking ETH ETF is expected to attract family offices and hedge funds in the Asia-Pacific region—DBS Bank's asset management director in Singapore revealed that clients are demanding stable returns of over 5%, which the staking ETF perfectly meets. The regulatory game harbors the secret to becoming rich as PanDu's CEO Ren Junfei admits they are urgently negotiating with the Securities and Futures Commission on the staking mechanism—if successful, Hong Kong will become the world's first financial center to open a staking income ETF, attracting funds from Europe and the United States! Currently, the U.S. SEC is still blocking staking due to securities attributes, making Hong Kong's strategy a significant advantage. The staking track is facing a nuclear explosion-level reshuffle, with decentralized staking protocols like Lido and Rocket Pool facing life-or-death situations! Institutional-level ETFs will seize over 30% of the staking share, and retail staking yields may be significantly squeezed—hurry and check your staking strategy, old miners may become the biggest losers!
Brother Lei's viewpoint:
Imagine buying a gold ETF not only to profit from rising gold prices, but the mine also automatically gives you dividends! PanDu's staking version of the Ethereum ETF works similarly—holding ETH earns price appreciation + a monthly free 3-5% interest, while banks currently only offer 1%. I personally tested this last year by staking 32 ETH and got 2 for free this year! Once this goes live, bank wealth management clients will definitely go crazy! The legalization of Hong Kong's stablecoins on August 1 is equivalent to giving cryptocurrencies an ID card, and PanDu has boldly announced plans to implement instant ETF purchases in HKD/USD. Remember this rule: whenever Hong Kong opens the gates, there will be explosive altcoins! Last year when Hong Kong hinted at the legalization of buying coins, CFX surged 200% in three days, so keep a close eye on compliant local coins in Hong Kong.
In the wave of compliance, follow the licensed players to profit, and beware of the underdogs! Follow Brother Lei to avoid getting lost!
