{"id":127408,"date":"2025-04-17T19:20:37","date_gmt":"2025-04-17T19:20:37","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127408"},"modified":"2025-04-17T19:20:37","modified_gmt":"2025-04-17T19:20:37","slug":"huaxia-to-add-staking-to-ether-etf-hong-kongs-second-of-its-kind","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127408","title":{"rendered":"Huaxia to add staking to Ether ETF, Hong Kong\u2019s second of its kind"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsHuaxia Fund is set to launch staking services on its Ether exchange-traded fund (ETF), making it the second in Hong Kong. OSL Digital Services (OSL) will provide custody and staking infrastructure for the fund.<br \/>\nThe staking feature will be live on May 15, moving the ETF from a strictly passive investment vehicle to an \u201cactive participant\u201d in the Ethereum ecosystem, according to the announcement from OSL. Huaxia Fund, a subsidiary of China Asset Management (ChinaAMC), first launched its Ether ETF in April 2024.\u00a0<br \/>\nThe introduction of a staking provision comes after Hong Kong\u2019s Securities and Futures Commission (SFC) changed its rules on April 7 to allow for entities like centralized exchanges to offer crypto staking in a bid to position the city as a leader in Web3.\u00a0<br \/>\nWhen announcing the rule change, the SFC said it \u201crecognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn yields.\u201d<br \/>\nRelated: Hong Kong Bitcoin, Ether ETFs attract over $200M on day 1<br \/>\nStaking is the process of locking up crypto tokens to help support the operations and security of a blockchain network. In return, participants earn rewards, typically in the form of more cryptocurrency.<br \/>\nOn April 10, Bosera HashKey was approved to be a staking provider in Hong Kong, the first under the new rule. According to a press release, staking will allow for Bosera HaskKey\u2019s Ether ETF to take advantage of compound growth, as yield from the staked Ether can be reinvested into the financial instrument.<br \/>\nAccording to Coinbase, ETH stakers are currently earning about 2.14% of their holdings in a 365-day average.<br \/>\n30-day ETH staking yield as of  April 13. Source: Dune AnalyticsHong Kong changes rules to become Web3 hub<br \/>\nStaking for Ether ETFs has been a central topic in the United States. In December 2024, Bernstein Research predicted that staking would be approved for Ether ETFs under the crypto-friendly Trump administration. Since then, CBOE and the NYSE have filed for a rule change with the United States Securities and Exchange Commission (SEC) to grant permission for staking in such funds.<br \/>\nAsset manager BlackRock has remarked that while successful, ETH ETFs are less perfect without staking. Staking is seen as a way to attract more investors to the Ether ETFs, who may be lured by the possibility of yield, which leads to further gains.<br \/>\nRelated: Ether shoots up 3.5% as CBOE, 21Shares seek to add ETH staking to ETF<br \/>\nHong Kong\u2019s SFC appears to understand that and is acting accordingly. Chen Wu, the CEO of Hong Kong-based crypto exchange Ex.io, told Cointelegraph. \u201cThe SFC\u2019s announcement signals that more doors are opening \u2014 not just for staking, but for a wider range of Web3 products to take shape under a regulated and trusted framework,\u201d she said.<br \/>\nHong Kong has seen a 250% growth in its blockchain sector since 2022, with the city\u2019s fintech market expected to reach over $600 billion by 2032. The Hong Kong government is considered to have proactive policies for cryptocurrency companies, a stark contrast to the sometimes combative tone other governments take to the emerging asset class.<br \/>\nMagazine: What are native rollups? Full guide to Ethereum\u2019s latest innovation<a href=\"https:\/\/cointelegraph.com\/news\/huaxia-add-staking-ether-etf-hong-kong-second?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsHuaxia Fund is set to launch staking services on its Ether exchange-traded fund (ETF), making it the second in Hong Kong. OSL Digital Services (OSL) will provide custody&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127408"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127408"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127408\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127408"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}