Hong Kong Ethereum Collateralized ETF is about to be listed, and new crypto regulatory rules will promote the construction of digital hubs

Planet Daily News: After the Hong Kong Securities and Futures Commission (SFC) passed the new regulation "Allowing Licensed Institutions to Provide Pledge Services", the Ethereum Staking ETF jointly launched by Huaxia Fund (Hong Kong) and OSL Digital Securities has been approved and will be listed by May 15 at the latest. The Ethereum Staking ETF operates through the custody of licensed platform OSL and node verification by French staking service provider Kiln, allowing investors to indirectly obtain Ethereum staking returns. The SFC issued the "ASPIRe" roadmap last month, clearly proposing five pillars - Access, Safeguards, Products, Infrastructure, and Relationships, with the goal of building a complete virtual asset ecosystem. Hong Kong's first Ethereum Staking ETF is set to be launched on April 25, and the government has consecutively approved two staking crypto ETFs within three months, gradually establishing a regulatory framework with international competitiveness. (Decrypt)