BlackRock建議允許在以太坊ETF中佔有

世界上最大的資產經理貝萊德（Blackrock）已向美國證券交易委員會（SEC）提議允許在以太坊交易所交易基金（ETFS）中積累

The world's largest asset manager, BlackRock (NYSE:BLK), has proposed to the U.S. Securities and Exchange Commission (SEC) the possibility of permitting staking in Ethereum Exchange-Traded Funds (ETFs), which could be a game-changer for the cryptocurrency market.

全球最大的資產經理貝萊德（NYSE：BLK）已向美國證券交易委員會（SEC）提出了允許允許在以太坊交易所交易基金（ETFS）中脫穎而出的可能性，這可能是加密貨幣市場的改變遊戲規則。

This proposal was made during a meeting between BlackRock and the SEC’s Crypto Task Force on Tuesday, where they also discussed the tokenization of securities, according to a report by CoinGape.

根據Coingape的一份報告，該提案是在貝萊德（Blackrock）和美國證券交易委員會（SEC）的加密特遣部隊之間的一次會議上提出的，他們還討論了證券的令牌化。

It was also noted that BlackRock is aiming to amend its S-1 filing to enable the creation and redemption of ETF shares using ETH instead of USD.

還指出，貝萊德（Blackrock）的目標是修改其S-1文件，以便使用ETH而不是美元來創建和贖回ETF股票。

This initiative is part of a broader move by BlackRock to combine staking and tokenization tactics, which was previously announced with the launch of BUIDL, a tokenized fund.

這項倡議是貝萊德（Blackrock）採取更廣泛舉措的一部分，該舉措將其組合和令牌化策略結合起來，該策略此前曾是隨著標記基金Buidl的啟動而宣布的。

Announced in March 2024, the BUSD is a $2.9 billion fund that is being deployed to build out a tokenized fund on the Ethereum network. The fund will invest in traditional assets, such as U.S. Treasury bills (T-bills).

BUSD於2024年3月宣布，是一項耗資29億美元的基金，該基金正在部署，以在以太坊網絡上建立一個令牌化基金。該基金將投資傳統資產，例如美國國庫賬單（T-Bills）。

The BUIDL fund is a prime example of BlackRock’s overarching plan to integrate decentralized systems with traditional finance, with Ethereum serving as a key component of this development.

Buidl基金是BlackRock的總體計劃的一個典型例子，該計劃將分散系統與傳統金融集成在一起，以太坊是這一發展的關鍵組成部分。

If permitted, staking in Ethereum ETFs could yield roughly 3.2% annually, per market research. This potential return is expected to attract significant institutional investment in Ethereum, giving investors the chance to benefit from both capital growth and passive income. The market has already priced it in as investors await the SEC’s decision. Over the past seven days, ETH has increased by nearly 40%, outpacing Bitcoin and other notable cryptocurrencies.

如果允許，根據市場研究，在以太坊ETF中佔用約3.2％。預計這種潛在的回報將吸引對以太坊的大量機構投資，這使投資者有機會從資本增長和被動收入中受益。當投資者在等待SEC的決定時，市場已經定價。在過去的七天中，ETH增長了近40％，超過了比特幣和其他值得注意的加密貨幣。

SEC turns positive fueling more ETFs proposal

SEC變為積極的加油，更多的ETF提案

The SEC has historically regarded staking as a potential unregistered security under the Howey Test, a legal framework used to determine whether an asset qualifies as an investment contract. Staking is specifically prohibited at launch for Ethereum Spot ETFs, which were approved by the SEC in May 2024. This has generated controversy in the financial community and has been a significant barrier to staking integration into ETFs.

SEC歷史上一直將Staking視為Howey測試下的潛在未註冊的安全性，該法律框架用於確定資產是否符合投資合同的資格。在Ethereum Sot ETF的發布會上特別禁止Staking，該產品在2024年5月獲得了SEC批准。這引起了金融界引起的爭議，並且是將其納入ETF的重大障礙。

However, the SEC appears to be examining these restrictions and potentially paving the way for regulatory approval, based on updates on SEC.gov and a shift to a more crypto-friendly stance in 2025.

但是，SEC似乎正在研究這些限制，並可能根據SEC.GOV的最新消息，並在2025年轉移到更加加密的友好型立場上，為監管批准鋪平了道路。

In a March 2025 interview with CNBC, Robert Mitchnick, head of digital assets at BlackRock, highlighted the revolutionary potential of staking for Ether ETFs.

在2025年3月的CNBC採訪中，貝萊德（Blackrock）數字資產負責人羅伯特·米奇尼克（Robert Mitchnick）強調了Ether ETF股權的革命性潛力。

“Approval of this feature could significantly boost investor interest,” he said, “even though Ethereum ETFs have seen lackluster demand since their July 2024 debut, largely due to the absence of staking.”

他說：“對這一功能的認可可能會大大提高投資者的興趣，儘管以太坊ETF自2024年7月首次亮相以來的需求不足，但這在很大程度上是由於缺乏積分。”

Mitchnick added, “An ETF has been a compelling vehicle for holding Bitcoin, but it’s less perfect for ETH today without staking.” He also emphasized the need for regulatory clarity to fully realize Ethereum’s potential in institutional portfolios.

米奇尼克（Mitchnick）補充說：“ ETF一直是持有比特幣的引人注目的工具，但對於今天而沒有State的ETH來說，它的完美不佳。”他還強調了需要清晰的規定，以充分意識到以太坊在機構投資組合中的潛力。

The Ether ETF staking proposal has ramifications that could extend to the price of Ethereum. By allowing staking in ETFs, cryptocurrency assets might be reframed as instruments for generating income and capital appreciation, aligning them more closely with conventional Wall Street financial products. This change could usher in a new era for cryptocurrencies, bringing them closer to mainstream financial integration and potentially shifting them away from their decentralized roots. As this critical decision approaches, the cryptocurrency market will undoubtedly be following closely, with Ethereum potentially at the forefront of ushering in a hybridized financial future.

ETHER ETF的放入提案的後果可能會擴展到以太坊的價格。通過允許參與ETF，可以將加密貨幣資產重新塑造為產生收入和資本增值的工具，使它們與傳統的華爾街金融產品更加緊密地保持一致。這種變化可能會引入一個新時代的加密貨幣，使它們更接近主流金融融合，並有可能將它們從分散的根源轉移。隨著這一關鍵決定的發展，加密貨幣市場無疑將緊隨其後，以太坊可能處於雜交財務未來的最前沿。