South China Morning Post reveals that Hong Kong Ethereum spot ETF is expected to be approved

According to the South China Morning Post, after the Hong Kong Web3 Festival, some industry insiders talked about the potential approval of an Ethereum spot ETF, which is another cryptocurrency that licensed exchanges can currently offer in Hong Kong. If approved, it will make Hong Kong a A pioneer in this field, as some U.S. Bitcoin ETF issuers said they expected the U.S. Securities and Exchange Commission to reject an Ethereum ETF application. In addition, Weng Xiaoqi (Livio), chief operating officer of HashKey Group, a Hong Kong virtual asset financial services group and CEO of HashKey Exchang, a licensed virtual asset trading platform, revealed that in addition to Bitcoin ETFs, we can expect the launch of Ethereum ETF spot in the near future, especially If the on-chain pledge problem of managed Ethereum tokens can be solved, more large institutional investors will be attracted to choose this "interest-bearing asset", and its appeal may be greater than that of Bitcoin spot ETFs.