Blackrock Proposes Changes for Crypto ETFs, Talks with SEC About Staking

BlackRock, a leading asset manager managing over $11.5 trillion in assets, held discussions with the U.S. SEC’s Crypto Task Force regarding crypto ETP staking and tokenization. The meeting focused on Blackrock’s proposal to incorporate staking features into Ethereum Exchange-Traded Products (ETFs) and potentially expand this approach to other proof-of-stake assets like Solana and Cardano. This move, driven by Larry Fink, CEO of BlackRock, aligns with the firm’s strategy for integrating crypto into traditional finance, particularly as they pursue new opportunities in tokenization. If approved by the SEC, this could fundamentally change how financial markets interact.