Hong Kong SFC considers allowing Ether staking for ETF issuers

Hong Kong's Securities and Futures Commission (SFC) is reportedly considering allowing spot Ether (ETH) exchange-traded fund issuers to offer staking, according to a Bloomberg report. The SFC has held discussions with the country's crypto ETF issuers about providing staking through licensed platforms, and the matter is still under discussion with no fixed timeline for implementation. This contrasts with the U.S. Securities and Exchange Commission, which treats staking services as securities, a stance that led Kraken to shut its U.S. staking services last year.