Hong Kong’s Securities and Futures Commission may reportedly allow staking of the ether held in spot Ethereum ETFs in the region.

The SFC has held talks with the city’s crypto ETF firms about providing staking services via licensed platforms, with the issuers scrapping together plans to stake ether if approved, Bloomberg reported citing people familiar with the matter.

Asia's first spot bitcoin and ether ETFs, managed by China Asset Management (ChinaAMC), Harvest Global and Bosera/HashKey, debuted on the Hong Kong Stock Exchange on April 30.

However, the Hong Kong ETFs are widely considered to have disappointed, generating minimal flows in both bitcoin and ether products in recent days, contrasting $154 million worth of inflows into the U.S. spot Bitcoin ETFs on Wednesday alone.

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