Interesting Claim About Ethereum From Animoca Brands Founder!

Hong Kong-based blockchain game developer Animoca Brands made remarkable statements about Ethereum ETFs.

Animoca Brands Chairman Yat Siu spoke about spot Ethereum ETFs. Stating that Hong Kong is ready to give staking approval for spot Ethereum ETFs, the experienced name predicted that the impact of this could be greater than in the USA.

As for how quickly it will happen, part of me that is optimistic wants it to happen within the year, if there isn't much movement in staking within the year, I would say the election results will be the other determining factor in how quickly it can happen in the US. We hope to advance some exploration in this area [ether staking] in a harmonious and controlled manner without increasing risks.

Hong Kong, which approved spot Ethereum and Bitcoin ETFs after the USA, was interpreted as an important step for Asia. The US Securities and Exchange Commission (SEC) did not allow staking transactions for spot Ethereum ETFs.

According to CoinGecko data, Ethereum, which has increased by 1% in the last 24 hours, is traded at $ 3,815 at the time of writing.

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