BlackRock建议允许在以太坊ETF中占有

世界上最大的资产经理贝莱德（Blackrock）已向美国证券交易委员会（SEC）提议允许在以太坊交易所交易基金（ETFS）中积累

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.

全球最大的资产经理贝莱德（NYSE：BLK）已向美国证券交易委员会（SEC）提出了允许允许在以太坊交易所交易基金（ETFS）中脱颖而出的可能性，这可能是加密货币市场的改变游戏规则。

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.

根据Coingape的一份报告，该提案是在贝莱德（Blackrock）和美国证券交易委员会（SEC）的加密特遣部队之间的一次会议上提出的，他们还讨论了证券的令牌化。

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.

还指出，贝莱德（Blackrock）的目标是修改其S-1文件，以便使用ETH而不是美元来创建和赎回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.

这项倡议是贝莱德（Blackrock）采取更广泛举措的一部分，该举措将其组合和令牌化策略结合起来，该策略此前曾是随着标记基金Buidl的启动而宣布的。

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于2024年3月宣布，是一项耗资29亿美元的基金，该基金正在部署，以在以太坊网络上建立一个令牌化基金。该基金将投资传统资产，例如美国国库账单（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的总体计划的一个典型例子，该计划将分散系统与传统金融集成在一起，以太坊是这一发展的关键组成部分。

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.

如果允许，根据市场研究，在以太坊ETF中占用约3.2％。预计这种潜在的回报将吸引对以太坊的大量机构投资，这使投资者有机会从资本增长和被动收入中受益。当投资者在等待SEC的决定时，市场已经定价。在过去的七天中，ETH增长了近40％，超过了比特币和其他值得注意的加密货币。

SEC turns positive fueling more ETFs proposal

SEC变为积极的加油，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历史上一直将Staking视为Howey测试下的潜在未注册的安全性，该法律框架用于确定资产是否符合投资合同的资格。在Ethereum Sot ETF的发布会上特别禁止Staking，该产品在2024年5月获得了SEC批准。这引起了金融界引起的争议，并且是将其纳入ETF的重大障碍。

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似乎正在研究这些限制，并可能根据SEC.GOV的最新消息，并在2025年转移到更加加密的友好型立场上，为监管批准铺平了道路。

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采访中，贝莱德（Blackrock）数字资产负责人罗伯特·米奇尼克（Robert Mitchnick）强调了Ether ETF股权的革命性潜力。

“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.”

他说：“对这一功能的认可可能会大大提高投资者的兴趣，尽管以太坊ETF自2024年7月首次亮相以来的需求不足，但这在很大程度上是由于缺乏积分。”

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）补充说：“ ETF一直是持有比特币的引人注目的工具，但对于今天而没有State的ETH来说，它的完美不佳。”他还强调了需要清晰的规定，以充分意识到以太坊在机构投资组合中的潜力。

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的放入提案的后果可能会扩展到以太坊的价格。通过允许参与ETF，可以将加密货币资产重新塑造为产生收入和资本增值的工具，使它们与传统的华尔街金融产品更加紧密地保持一致。这种变化可能会引入一个新时代的加密货币，使它们更接近主流金融融合，并有可能将它们从分散的根源转移。随着这一关键决定的发展，加密货币市场无疑将紧随其后，以太坊可能处于杂交财务未来的最前沿。