香港批准了第一个以太坊堆放ETF，为新投资机会打开了大门

香港正在采取措施将自己定位为亚洲首屈一指的数字资产枢纽，并最新批准以太坊桩ETF。

Hong Kong is quickly becoming Asia's premier digital assets hub, and its latest move is the approval of an Ethereum staking ETF.

香港正迅速成为亚洲首要的数字资产中心，其最新举动是获得以太坊堆放ETF的批准。

What Happened: The Securities and Futures Commission (SFC) has granted China Asset Management (ChinaAMC) permission to launch a staking-enabled Ethereum ETF in partnership with OSL Digital Securities by May 15.

发生了什么：美国证券和期货委员会（SFC）已授予中国资产管理（ChinaAMC）的许可，在5月15日之前与OSL Digital Securities合作启动了具有积分支持的以太坊ETF。

This approval comes just weeks after the SFC published guidelines allowing licensed virtual asset trading platforms to offer staking services. The regulator is part of Hong Kong's broader strategy to create a thriving digital asset ecosystem.

该批准是在SFC发布的指导方针允许许可的虚拟资产交易平台提供积分服务的几周后。监管机构是香港创建蓬勃发展的数字资产生态系统的更广泛战略的一部分。

ChinaAMC's offering will see their Ether ETF transition from a passive investment product to an active participant in the Ethereum ecosystem, enabling investors to receive proof-of-stake rewards through a familiar investment vehicle.

中国AMC的产品将使他们的ETHER ETF从被动投资产品过渡到以太坊生态系统的活跃参与者，从而使投资者能够通过熟悉的投资工具获得了利用证明奖励。

How The Staking ETF Works: The ETF's technical implementation maintains a clear separation of duties between the key players. OSL Digital Securities, the first insured and SFC-licensed digital asset platform in Hong Kong, will provide custody services with cold storage and insurance coverage.

Staking ETF的工作原理：ETF的技术实施使主要参与者之间的职责明确分开。 OSL Digital Securities是香港的第一个保险和SFC许可的数字资产平台，将提供托管服务，并提供冷藏和保险范围。

Kiln, a staking platform that powers other blockchain networks including Solana, Aptos and Sui, will manage the validator nodes that perform consensus duties on the Ethereum network while OSL controls the assets and handles reward distribution.

Kiln是一个奠基平台，为其他区块链网络提供动力，包括Solana，Aptos和Sui，将管理在以太坊网络上执行共识职责的验证器节点，而OSL控制资产并处理奖励分配。

This partnership was finalized on April 10 with the specific goal of bringing Ethereum staking to the market.

该合作伙伴关系于4月10日最终确定，其具体目标是将以太坊的积累推向市场。

"This approach lowers the threshold to participating in Ethereum staking," said Thomas Zhu, head of digital assets at ChinaAMC.

ChineAmc数字资产负责人Thomas Zhu说：“这种方法降低了参加以太坊占有的门槛。”

All staking rewards generated through this system will accrue to the ETF and be incorporated into its net asset value, directly benefiting the shareholders.

通过该系统产生的所有积分奖励都将获得ETF，并将其纳入其净资产价值，直接使股东受益。

The Broader Regulatory Landscape: This isn't the first such approval in Hong Kong. Earlier this month, Bosera International and HashKey Capital Limited jointly launched their own fund with a staking provision, which is expected to become available on April 25.

更广泛的监管景观：这不是香港的首次认可。本月初，Bosera International和Hashkey Capital Limited共同启动了自己的基金，并预计将于4月25日上市。

These approvals align with Hong Kong's comprehensive roadmap for virtual assets. The SFC has introduced a five-pillar framework called "ASPIRe" targeting key aspects of the digital asset ecosystem.

这些批准与香港的虚拟资产综合路线图保持一致。 SFC引入了一个五柱框架，称为“ Aspire”，以数字资产生态系统的关键方面为目标。

This framework comprises 12 strategic initiatives designed to foster growth in the sector. The benefits of staking through an ETF are numerous for investors, including the generation of passive income, potentially leading to a compounding effect on returns.

该框架包括12项旨在促进该行业增长的战略举措。对于投资者来说，通过ETF赚钱的好处，包括被动收入的产生，可能导致对回报产生更复杂的影响。

Investors will also enjoy greater liquidity compared to directly staked assets and simplified tax reporting.

与直接存放资产和简化税收报告相比，投资者还将享有更大的流动性。

For investors unfamiliar with crypto staking, these ETFs offer institutional-grade security with the ETF provider handling the technical aspects, removing barriers to entry that might otherwise deter traditional investors.

对于不熟悉加密货币的投资者来说，这些ETF提供机构的安全性，而ETF提供商处理技术方面，消除了可能阻止传统投资者的进入障碍。

While returns may be somewhat lower due to ETF fees, the trade-off comes with greater convenience and reduced technical knowledge requirements, allowing investors to access these products through standard brokerage accounts.

虽然由于ETF费用，回报可能会降低，但权衡会带来更大的便利性和减少的技术知识要求，从而使投资者可以通过标准经纪帐户访问这些产品。

Hong Kong's forward-thinking approach may influence other jurisdictions as the success of Ethereum ETF staking could pave the way for similar services for other proof-of-stake cryptocurrencies.

香港的前瞻性方法可能会影响其他司法管辖区，因为以太坊ETF的成功可能会为其他商品证明的加密货币铺平道路。

The city's proactive stance is likely to spur further innovation in the region as more ETF providers may seek to incorporate staking into their products to remain competitive and attract investors.

由于更多的ETF提供商可能试图将其纳入其产品以保持竞争力并吸引投资者，因此该市的主动立场可能会刺激该地区进一步的创新。

This development is about more than just staking; it showcases Hong Kong's commitment to building a mature and accessible crypto investment landscape while maintaining appropriate regulatory oversight.

这种发展不仅仅是藏匿处。它展示了香港致力于建立成熟且可访问的加密投资格局的承诺，同时保持适当的监管监督。

For the Ethereum ecosystem, increased participation in staking will strengthen network security and efficiency. As more ETF products incorporate staking, it could lead to an increase in staked ETH, further decentralizing the network.

对于以太坊的生态系统，增加参与放入将增强网络安全和效率。随着越来越多的ETF产品融合了Staging，它可能会导致Staked ETH的增加，从而进一步分散网络。

The Hong Kong SFC has sent a clear message: they are open for crypto business and committed to fostering responsible innovation in digital assets.

香港SFC传达了一个明确的信息：他们开放了加密货币业务，并致力于促进负责任的数字资产创新。