BlackRock与SEC的加密特遣部队会面，讨论了Crypto Staking在ETF中的监管未来

贝莱德（Blackrock）最近与美国证券交易委员会（SEC）的加密委员会会面，讨论Crypto Statiking在ETF中的监管未来

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于5月9日发布的一份备忘录显示，美国证券交易委员会（SEC）加密委员会（SEC）加密特遣部队与贝莱克（Blackrock）进行了一次会议，讨论了Crypto Statiking在交易所交易基金（ETF）中的监管含义以及SEC于5月9日发布的备忘录。

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.

这次会议于4月27日举行，看到世界上最大的资产经理提出了积分，以更深入地整合区块链与传统金融。

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.

在备忘录中，SEC指出，贝莱德（Blackrock）认为，以太坊ETF在没有静止状态的情况下是不完整的。 Staking可以使令牌持有人获得奖励，并帮助确保以太坊和Solana等商品证明网络。

“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.

美国证券交易委员会说：“如果没有股权的能力，美国ETF投资者将无法完全意识到这些代币的经济和法律影响。”

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.

资产经理还讨论了令牌化证券的含义，强调了与传统资产相比，更快的定居点，较低的费用和24/7交易的潜力。

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.

尽管在加拿大和欧洲存在此类产品，但SEC尚未批准任何能够积累的ETF。 SEC目前正在批准70多个加密ETF应用程序。

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.

今年早些时候，纽约证券交易所提出了一项规则更改，以支持在Grayscale的Ethereum ETF中积累。 SEC已推迟了有关此事的决定。

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.

今年早些时候，纽约证券交易所提出了一项规则更改，以支持在Grayscale的Ethereum ETF中积累。 SEC已推迟了有关此事的决定。

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动ETF中的占用功能。今年早些时候，纽约证券交易所提出了一项规则更改，以支持在Grayscale的Ethereum ETF中积累。但是，SEC在此问题上延迟了决定。

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

SEC的批准可以为ETF铺平道路，具有主要区块链的固定功能。

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还专注于令牌资产的含义。该机构在与贝莱克（Blackrock）的会议上指出，资产经理的Buidl基金（Buidl Fund）重点介绍了令牌化的美国财政部票据。

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于2023年启动，已达到29亿美元的管理资产（AUM），使其成为最大的标记固定收益基金。同时，贝莱德（Blackrock）也以iBIT闻名，iBIT是它的现货比特币ETF，该比特币ETF于2025年8月开始交易。

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基于流入，已成为2025年最受欢迎的ETF，吸引了69.6亿美元的新资本。这超过了SPDR Gold Trust（GLD）ETF。尽管比特币的价格最近下降，但投资者似乎对加密货币具有长期的信心。

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

在与SEC的会议上，BlackRock还讨论了其在欧洲的MIFID II子公司的发展。

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.

资产经理正在探索美国股票和债券的令牌化，这些股票和债券可以在欧洲24/7进行交易。该计划是金融机构引入令牌资产的更广泛努力的一部分。

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.

富兰克林·邓普顿（Franklin Templeton）从事建立一个令牌化的货币市场基金，而Robinhood正在使用一个区块链，该区块链可能允许欧洲用户以象征性的格式交易美国股票。