BlackRock Meets with SEC Cryptocurrency Working Group to Discuss Staking and Options for Crypto ETF

May 10th. Based on the minutes of a relevant meeting, representatives from BlackRock, which is the world's largest asset management company, met with staff from the U.S. Securities and Exchange Commission (SEC) on this Friday. The meeting focused on discussing approaches to dealing with regulatory issues related to crypto assets, with an emphasis on topics such as collateralization and options for crypto ETFs. It is reported that Robert Mitchnick, the Head of Digital Assets at BlackRock, also attended the meeting. BlackRock representatives engaged in discussions with SEC staff on "considerations relating to ETP products that support collateralized functionality." They deliberated on topics such as position calculation for cryptocurrency ETF options, authorized participant criteria, and liquidity thresholds. Additionally, BlackRock had discussions with the SEC regarding the general standards for approving crypto ETFs.