Ramazan Eles 
The Securities and Futures Commission (SFC) of Hong Kong is reportedly working on a license that could be of great interest to spot Ethereum ETF issuers.
According to a report by Bloomberg, the Hong Kong SFC has begun talks to allow staking for spot Ethereum exchange-traded funds (ETFs).
The staking option has been at the center of discussions since the beginning of spot Ethereum ETF applications submitted to the US. The SEC has been skeptical of the staking feature and has asked issuers to remove it from their applications.
Following this request from the SEC, all applicants removed the staking option from their spot Ethereum ETF applications. However, the market welcomed the news that Hong Kong, one of the largest markets, has started talks to grant this permission.
According to CoinGecko data, Ethereum, which rose by 1.5% in a matter of minutes under the influence of the news flow, climbed to $3,886. The SEC is expected to rule on the VanEck Ethereum ETF application this evening around 23:00.