H.K. SFC is considering to allow ETH staking service.

in H4LAB Research • 23 days ago (edited)

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Source: Cointelegraph

Interesting 🤔 It would be a good option for spot ETH(Ethereum) ETF issuers. As far as I know, the ETH staking annual profit is around 5%.

If the issuers only hold spot ETH, it will lose the opportunity cost of the staking profit. They can use the reserve system like the deposit system by banks. So, they can take the operational cost from the staking profit. Then, they distribute left staking profit for customers.

Well, yesterday, the U.S. spot ETH ETFs were approved by the SEC(Security Exchange and Commission). The H.K. regulatory authority needs to find a distinct advantage for their products. If it happens, the ETH won't be able to compare to now.

#spot #eth #ethereum #etf #staking
23 days ago in H4LAB Research by
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     23 days ago 

    This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex

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     23 days ago 

    Upvoted! Thank you for supporting witness @jswit.

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       23 days ago 

      Congratulations, your post has been upvoted by @upex with a 100.00% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex

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