According to Techub News, according to The Block, Andrew Vranjes, vice president of international blockchain infrastructure provider Blockdaemon, said that his team is working closely with Hong Kong cryptocurrency spot ETF issuers and discussing with local regulators to develop a feasible Ethereum spot ETF pledge solution.

Andrew Vranjes added that his team has made progress and expects Hong Kong regulators to approve the pledge function of Ethereum spot ETFs this year.