Prominent crypto investment figure Pan Du has unveiled intentions to launch a pledged Ethereum (ETH) exchange-traded fund (ETF) in Hong Kong.
The proposed ETF is specifically designed to meet institutional investor demand for more diversified exposure within the cryptocurrency asset class.
Pan Du indicated that regulatory feedback and established compliance frameworks will play a critical role in determining the final structure and operational standards of the fund, particularly concerning its pledged nature.
This initiative reflects ongoing efforts to incorporate Ethereum-centric investment products alongside Bitcoin-focused offerings within regulatory sandboxes.