- Blackrock is heavily invested in RWA tokenization to connect tradefi and seamless.
- The US SEC has a huge backlog of crypto ETFs applications but is waiting for greenlight regulation from Congress.
Blackrock Inc. (NYSE: Blk), a leading fund management manager with over $ 10 trillion on property under Management (AUM), has made significant entry into the blockchain space and the broader digital asset industry. The New York Headquartered Investment Management Firm has made a clear intent to pokenize the US equity security market with major blockchains.
In addition, Blackrock aims to measure worldwide operations with all investors seeking to tap traditional financial products via Web3. Already, Blackrock has succeeded in launching two areas of Crypto ETFs, including Bitcoin (BTC) and Ethereum (ETH).
At the time of this writing, Blackrock's Ibit had a combined -association net cash that flows nearly $ 44 billion, thus currently managing about $ 62.91 billion in net assets. Meanwhile, Blackrock's ETHA has recorded a net cumulative cash inflow of nearly $ 4.2 billion since the beginning, thus currently managing about $ 2.6 billion.
BlackRock is looking for additional crypto regulation guide from US SEC
On Friday, May 9, Blackrock recognized Using the US SEC Crypto Task Force and seek a crypto staking guide, RWA tokenization, ETF approved standards, and ETF options. Additionally, under the SEC Chair Paul Atkins, Blackrock is well positioned to have more crypto products approved in the near term.
Crypto staking feature will give blackrock investors more ways to earn more income. BlackRock in the SEC's Crypto Task Force discusses views on staking treatment, including integration -including for facilitating ETPs with staking capabilities.
As for Crypto ETP approved standards, BlackRock and the SEC's Crypto Task Force discussed specific factors and regulations that could be applied to the approval of ETPs.
