Huaxia to add staking to Ether ETF, Hong Kong’s second of its kind

Quick Summary:

Huaxia Fund, a subsidiary of China Asset Management (ChinaAMC), first launched its Ether ETF in April 2024. The introduction of a staking provision comes after Hong Kong’s Securities and Futures Commission (SFC) changed its rules on April 7 to allow for entities like centralized exchanges to offer crypto staking in a bid to position the city as a leader in Web3. When announcing the rule change, the SFC said it “recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn yields.”Related: Hong Kong Bitcoin, Ether ETFs attract over $200M on day 1Staking is the process of locking up crypto tokens to help support the operations and security of a blockchain network.

Chen Wu, the CEO of Hong Kong-based crypto exchange Ex.io, told Cointelegraph.“The SFC’s announcement signals that more doors are opening — not just for staking, but for a wider range of Web3 products to take shape under a regulated and trusted framework,” she said.

Huaxia Fund is set to launch staking services on its Ether exchange-traded fund (ETF), making it the second in Hong Kong.

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United StatesChinaHong Kong

Topics: Blockchain Kong’s Crypto Hong Securities Kong April Staking Etfs Ether Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 19:46:23 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27967682

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