Beyond Bitcoin: Hong Kong Approves Ethereum ETF

full version at coinedition

OKLink feels Hong Kong could launch more L1 ETFs in the future.
Hong Kong eyes wider adoption for crypto assets pen_spark.
PoS protocol seen as positive factor.

Following the recent launch of spot Ethereum ETF in Hong Kong, OkLink, a global leader in blockchain data services, expressed optimism about regulators approving similar products for other leading blockchain protocols in the future. The firm believes this move could enhance Hong Kong’s appeal as a hub for crypto innovation compared to other regions with stricter regulations.

On April 30, Hong Kong became one of the first major financial centers to approve both Bitcoin and Ethereum ETFs, albeit several months after the U.S. launched its first Bitcoin ETFs. While acknowledging the Ethereum ETF’s initial trading volume has fallen short of expectations, OKLink suggests the early launch provides a competitive advantage for Hong Kong’s crypto market.

OKX's organization in Hong Kong, OKLINK, pointed out that considering that HK has approved the application for spot ETF of Ethereum based on the POS, more L1 tokens may be accepted as ETFs in the future, such as Solana, which will greatly increase HK's at…