SFC Considers Approving Ether ETF Pledging

Hong Kong's Securities and Futures Commission (SFC) is reportedly in talks with cryptocurrency ETF issuers about allowing pledging services via licensed platforms. While discussions are ongoing, there is no set timetable for approval.

An SFC spokesman declined to comment, but approval could increase demand for cryptocurrency spot ETFs in Hong Kong. Serra Wei, CEO of Aegis Custody, noted that these discussions align with regulatory standards and represent a milestone for including pledges in an Ether spot ETF.