Hong Kong Securities and Futures Commission has no timetable for approving ETF issuers to provide Ethereum collateral

The Hong Kong Securities and Futures Commission is considering providing Ethereum collateral options for the issuers of Ethereum Exchange Traded Funds (ETFs), which may allow these issuers to hold ETH and earn passive income. Sources say that the Hong Kong Securities and Futures Commission has received proposals in recent weeks and has discussed them with relevant parties, but it is still in the discussion stage and there is no specific implementation timetable yet. Livio, CEO of HashKey Exchange, previously stated that if the on-chain collateral issue for Ethereum tokens held in custody can be resolved, it will attract more institutional investors to choose this "yield asset", which may be more attractive than Bitcoin spot ETFs.