According to official sources, Huaxia Fund (Hong Kong) announced today that its Huaxia Ethereum ETF (3046 HK/83046 HK/9046 HK) has been approved by the Hong Kong Securities and Futures Commission to become a spot ETF product that can provide pledge services. This innovation will provide investors with more attractive returns. This revision will officially come into effect on May 15, 2025. According to the approved terms, the Huaxia Ethereum ETF can pledge up to 30% of the Ethereum in its investment portfolio. The proceeds generated from the pledge will be reinvested in ETFs, further enhancing the overall return of the product.