China Asset Management (ChinaAMC) is set to launch a staking-enabled Ether ETF in Hong Kong by May 15, collaborating with OSL Digital Securities. This move follows the Securities and Futures Commission (SFC) approval of staking services, reinforcing Hong Kong's ambition to become a key digital asset hub in Asia.
The ChinaAMC Ether ETF will actively participate in the Ethereum ecosystem, allowing investors to earn proof-of-stake rewards. OSL, as the first insured and SFC-licensed digital asset platform in Hong Kong, will provide custody services with cold storage and insurance coverage, partnering with Kiln, who will manage the validator nodes for consensus duties on the Ethereum network.
Staking rewards will accrue to the ETF, enhancing its net asset value and benefiting shareholders. This initiative follows similar moves by Bosera International and HashKey Capital, further solidifying Hong Kong's position in the digital asset space.