Blockdaemon executive: Hong Kong regulator may approve staking function for Ethereum spot ETF within this year

Hong Kong regulators could approve the staking feature for Ethereum spot ETFs within this year, according to Andrew Vranjes, head and vice-president of international at Blockdaemon. Currently, the Blockdaemon team is working closely with spot crypto ETF issuers in Hong Kong and local regulators to develop a viable staking solution. Vranjes noted that the staking feature is expected to be approved "within a specific framework" and may be open to accredited investors first. He added that the team has made progress and an announcement is expected soon.