China Asset Management (Hong Kong) today announced that its Huaxia Ethereum ETF (3046 HK/83046 HK/9046 HK) has been approved by the Hong Kong Securities Supervision Commission as a spot ETF product that can provide pledge services. This innovation will provide investors with more attractive returns. The amendments will come into effect on May 15, 2025.
Ethereum staking (ETH Staking) is a core function under the Ethereum Proof-of-Stake (PoS) mechanism. Participants participate in cyber security maintenance and obtain corresponding rewards by locking ETH. At present, the annualized return on Ethereum staking is about 2.19%.
According to the approved terms, the Huaxia Ethereum ETF can pledge up to 30% of the Ethereum in the portfolio. The proceeds generated by the pledge will be reinvested in the ETF, further enhancing the overall return of the product. This innovative move will provide investors with more attractive return potential while improving the overall efficiency and security of the Ethereum ecosystem.
China Asset Management's (Hong Kong) Ethereum Spot ETF Approved to Offer Pledging Services
2025-04-16 04:03:50
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