🔥🔥🔥 Hong Kong plans to introduce a staked Ethereum ETF in 2025, following its Bitcoin ETF.
This innovative product combines exposure to the price of ETH with staking rewards (~4-6% TAP).
The initiative aligns with Hong Kong's strategy to become the Web3 hub of Asia, supported by the Stablecoins Ordinance set to take effect in August 2025. Key Factors
• Regulatory approval from the Hong Kong SFC allowing staking services
• Increased institutional demand for yield-bearing crypto assets
• Surge in the ETH market ($3,604.81, +7.89% in 24h) with strong bullish sentiment
• Pandora ETF plans highlighting competition among asset managers.
