Caixin: Hong Kong's move to allow ETF staking could unleash a source of passive income
2024-05-25 03:22:20
Hong Kong is reportedly considering allowing Ethereum exchange-traded funds (ETFs) to pledge, according to Caixin, after people familiar with the matter said that the Hong Kong Securities Supervision Commission has held discussions with local cryptocurrency ETF issuers about offering collateral services through licensed platforms, while potential issuers of such ETFs in the United States have removed collateral-related content from their plans. Hong Kong's move is different from that in the United States, which could unlock a source of passive income.
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