BlackRock Seeks SEC Approval for Ethereum ETF Staking in Crucial Meeting

BlackRock, the world’s largest asset manager, met with the SEC’s Crypto Asset Task Force to advocate for crucial changes in Ethereum ETFs. The meeting focused on pivotal issues like allowing staking features in Ethereum-based exchange-traded products, tokenization of securities, and clearer rules for crypto derivatives. 🎤 BlackRock argued that excluding staking from these ETFs deprives investors of passive income potential. Robert Mitchnick, Head of Digital Assets at BlackRock, emphasized the need for a ‘structural’ evolution in ETH ETFs by incorporating staking mechanisms. This approach aligns with growing investor interest in Ethereum and is viewed as key to unlocking their full value.