Huaxia Ethereum ETF Gains Approval for Staking Services in Hong Kong

The Huaxia Fund (Hong Kong) has received regulatory approval to offer staking services as part of its Ethereum exchange-traded fund (ETF), according to a recent announcement. This development, approved by the Hong Kong Securities and Futures Commission, aims to enhance investor returns. The amendment will take effect on May 15, 2025, allowing the Huaxia Ethereum ETF to allocate up to 30% of its ETH holdings for staking. The income generated through this staking mechanism will be reinvested directly into the fund itself, increasing overall product performance.