Blockdaemon Executive: Hong Kong Regulator May Approve Pledge Function for Ether Spot ETFs Within This Year

According to The Block, Andrew Vranjes, Head of International and Vice President of Blockdaemon, said that Hong Kong regulators could approve a pledge feature for spot ethereum ETFs within this year. The Blockdaemon team is currently working closely with Hong Kong-based spot crypto ETF issuers and local regulators to develop a viable pledging solution, Vranjes said, noting that the pledging feature is expected to be approved “within a specific framework,” and could be the first to be opened up to qualified investors. He added that the team has made progress and expects an announcement to be made soon.