ChinaAMC Asset Management (Hong Kong)'s Ethereum Spot ETF Approved to Provide Pledge Services ( Hong Kong ) announced today that its ChinaAMC Ethereum ETF (3046 HK / 83046 HK / 9046 HK) has been approved by the Hong Kong Securities and Futures Commission to become a spot ETF product that can provide staking services, which will provide investors with more attractive returns. The amendments will come into effect on May 15, 2025.
ETH staking is a core function under the Proof-of-Stake (PoS) mechanism, and participants participate in network security maintenance and receive corresponding rewards by locking ETH. Currently, the annualized yield of ETH staking is around 2.19%.
According to the terms of the approval, ChinaAMC Ethereum ETF can use up to 30% of the Ethereum in its portfolio for staking. The income generated by staking will be reinvested in ETFs to further enhance 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.
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ChinaAMC (Hong Kong)'s Ethereum Spot ETF was approved to provide staking services
ChinaAMC Asset Management (Hong Kong)'s Ethereum Spot ETF Approved to Provide Pledge Services ( Hong Kong ) announced today that its ChinaAMC Ethereum ETF (3046 HK / 83046 HK / 9046 HK) has been approved by the Hong Kong Securities and Futures Commission to become a spot ETF product that can provide staking services, which will provide investors with more attractive returns. The amendments will come into effect on May 15, 2025. ETH staking is a core function under the Proof-of-Stake (PoS) mechanism, and participants participate in network security maintenance and receive corresponding rewards by locking ETH. Currently, the annualized yield of ETH staking is around 2.19%. According to the terms of the approval, ChinaAMC Ethereum ETF can use up to 30% of the Ethereum in its portfolio for staking. The income generated by staking will be reinvested in ETFs to further enhance 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.