The listing of Hong Kong's Ethereum pledged ETF is imminent, and the new crypto regulations promote the construction of digital hubs

On April 17, Decrypt reported that after the Hong Kong Securities and Futures Commission (SFC) passed the new rule of “allowing licensed institutions to provide staking services”, the Ethereum staking ETF launched by ChinaAMC (Hong Kong) in cooperation with OSL Digital Securities was approved to be listed on May 15 at the latest. The Ethereum staking ETF operates through the custody of the licensed platform OSL and the node verification of the French staking service provider Kiln, and investors can indirectly receive Ethereum staking rewards. The Hong Kong Securities and Futures Commission (SFC) released the “ASPIRe” roadmap last month, which clearly sets out five pillars – Access, Safeguards, Products, Infrastructure and Relationships, with the goal of building a complete virtual asset ecosystem. Hong Kong’s first Ethereum-pledged ETF is scheduled to launch on April 25, and the Hong Kong government has approved two pledged crypto ETFs in three months, and the regulatory framework is becoming increasingly internationally competitive.