BlackRock與SEC的加密特遣部隊會面，討論了Crypto Staking在ETF中的監管未來

貝萊德（Blackrock）最近與美國證券交易委員會（SEC）的加密委員會會面，討論Crypto Statiking在ETF中的監管未來

The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force had a meeting with BlackRock to discuss the regulatory implications of crypto staking in exchange-traded funds (ETFs) and the potential of tokenized securities, according to a memo released by the SEC on May 9.

SEC於5月9日發布的一份備忘錄顯示，美國證券交易委員會（SEC）加密委員會（SEC）加密特遣部隊與貝萊克（Blackrock）進行了一次會議，討論了Crypto Statiking在交易所交易基金（ETF）中的監管含義以及SEC於5月9日發布的備忘錄。

The meeting, which took place on April 27, saw the world’s largest asset manager raise points in favor of deeper integration of blockchain into traditional finance.

這次會議於4月27日舉行，看到世界上最大的資產經理提出了積分，以更深入地整合區塊鏈與傳統金融。

In the memo, the SEC stated that BlackRock argued that Ethereum ETFs are not complete without staking. Staking allows token holders to earn rewards and help secure proof-of-stake networks like Ethereum and Solana.

在備忘錄中，SEC指出，貝萊德（Blackrock）認為，以太坊ETF在沒有靜止狀態的情況下是不完整的。 Staking可以使令牌持有人獲得獎勵，並幫助確保以太坊和Solana等商品證明網絡。

“Without the ability to stake, U.S. ETF investors are unable to fully realize the economic and legal implications of those tokens,” the SEC said.

美國證券交易委員會說：“如果沒有股權的能力，美國ETF投資者將無法完全意識到這些代幣的經濟和法律影響。”

The asset manager also discussed the implications of tokenized securities, highlighting the potential for faster settlements, lower fees, and 24/7 trading compared to traditional assets.

資產經理還討論了令牌化證券的含義，強調了與傳統資產相比，更快的定居點，較低的費用和24/7交易的潛力。

The SEC is yet to approve any ETF that enables staking, despite the presence of such products in Canada and Europe. More than 70 crypto ETF applications are currently pending approval with the SEC.

儘管在加拿大和歐洲存在此類產品，但SEC尚未批准任何能夠積累的ETF。 SEC目前正在批准70多個加密ETF應用程序。

Earlier this year, the New York Stock Exchange filed a rule change to support staking in Grayscale’s Ethereum ETF. The SEC has postponed decisions on this matter.

今年早些時候，紐約證券交易所提出了一項規則更改，以支持在Grayscale的Ethereum ETF中積累。 SEC已推遲了有關此事的決定。

Earlier this year, the New York Stock Exchange filed a rule change to support staking in Grayscale’s Ethereum ETF. The SEC has postponed decisions on this matter.

今年早些時候，紐約證券交易所提出了一項規則更改，以支持在Grayscale的Ethereum ETF中積累。 SEC已推遲了有關此事的決定。

Other financial firms are also pushing for staking features in ETFs. Earlier this year, the New York Stock Exchange filed a rule change to support staking in Grayscale's Ethereum ETF. However, the SEC has delayed decisions on this issue.

其他金融公司也在推動ETF中的佔用功能。今年早些時候，紐約證券交易所提出了一項規則更改，以支持在Grayscale的Ethereum ETF中積累。但是，SEC在此問題上延遲了決定。

The SEC’s approval could pave the way for ETFs with staking capabilities across major blockchains.

SEC的批准可以為ETF鋪平道路，具有主要區塊鏈的固定功能。

The SEC is also focused on the implications of tokenized assets. In the meeting with BlackRock, the agency noted the asset manager’s BUIDL fund, which focuses on tokenized U.S. Treasury notes.

SEC還專注於令牌資產的含義。該機構在與貝萊克（Blackrock）的會議上指出，資產經理的Buidl基金（Buidl Fund）重點介紹了令牌化的美國財政部票據。

Launched in 2023, BUIDL has reached $2.9 billion in assets under management (AUM), making it the largest tokenized fixed-income fund. Meanwhile, BlackRock is also known for iBIT, its spot Bitcoin ETF that began trading in August 2025.

Buidl於2023年啟動，已達到29億美元的管理資產（AUM），使其成為最大的標記固定收益基金。同時，貝萊德（Blackrock）也以iBIT聞名，iBIT是它的現貨比特幣ETF，該比特幣ETF於2025年8月開始交易。

iBIT has become the sixth most popular ETF in 2025 based on inflows, attracting $6.96 billion in new capital. This surpasses the SPDR Gold Trust (GLD) ETF. Despite a recent decline in Bitcoin’s price, investors appear to have long-term confidence in the crypto.

IBIT基於流入，已成為2025年最受歡迎的ETF，吸引了69.6億美元的新資本。這超過了SPDR Gold Trust（GLD）ETF。儘管比特幣的價格最近下降，但投資者似乎對加密貨幣具有長期的信心。

At the meeting with the SEC, BlackRock also discussed the development of tokenized assets at its MiFID II subsidiary in Europe.

在與SEC的會議上，BlackRock還討論了其在歐洲的MIFID II子公司的發展。

The asset manager is exploring the tokenization of U.S. stocks and bonds, which could be traded 24/7 in Europe. This initiative is part of broader efforts by financial institutions to introduce tokenized assets.

資產經理正在探索美國股票和債券的令牌化，這些股票和債券可以在歐洲24/7進行交易。該計劃是金融機構引入令牌資產的更廣泛努力的一部分。

Franklin Templeton is engaged in developing a tokenized money market fund, while Robinhood is working on a blockchain that may allow European users to trade U.S. stocks in a tokenized format.

富蘭克林·鄧普頓（Franklin Templeton）從事建立一個令牌化的貨幣市場基金，而Robinhood正在使用一個區塊鏈，該區塊鏈可能允許歐洲用戶以像徵性的格式交易美國股票。