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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- May 10, 2025 04:59 UTC
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BlackRock Pushes SEC to Approve Ethereum ETF Staking and Tokenization
BlackRock Pushes for ETH Staking in ETFs: In a private SEC meeting, BlackRock advocated for staking to boost Ethereum ETF yield potential.
Tokenization Gains Traction: BlackRock promoted its $2.9B BUIDL fund, pushing blockchain tech for faster, cheaper asset trading and settlement.
Wall Street giant BlackRock has reportedly held a closed-door meeting with the U.S. SEC’s Crypto Task Force to discuss adding staking to Ethereum ETFs and acceleratingthe tokenization of real-world assets.
Ethereum Staking Back in Spotlight
During the early July meeting, BlackRock stressed that Ethereum ETFs are “less perfect” without staking, as investors miss out on yield from locked ETH. Robert Mitchnick, Head of Digital Assets at BlackRock, described staking for spot ETH ETFs as a “step change upward,” though he acknowledged regulatory and operational complexities ahead.
Under SEC Chair Gary Gensler, the agency previously blocked staking features in ETH ETFs. But with the potential shift in stance, staking approval could allow ETH ETFs to generate revenue by earning yield. Other firms like Fidelity and Grayscale are also lobbying for staking support. Notably, the NYSE proposed a rule change in February to enable staking in Grayscale’s fund—currently under review.
Tokenization Momentum Builds
The meeting also covered BlackRock’s push to tokenize traditional financial assets. The firm highlighted its $2.9 billion BUIDL fund—a tokenized U.S. Treasury product—promoting blockchain-based solutions for bonds and securities with faster settlements, lower fees, and round-the-clock trading.
Rival efforts include Franklin Templeton’s BENJI fund and Robinhood’s blockchain project aimed at offering tokenized U.S. stocks to European users.
While the SEC has not disclosed the outcome of the meeting, BlackRock’s continued advocacy signals growing momentum in blending crypto innovation with mainstream finance.
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FAQs
Yes, the SEC delayed its ruling on Grayscale’s ETH ETF staking request, with a new decision expected by June 1, 2025.
BlackRock filed for a spot Ethereum ETF but it’s still awaiting SEC approval and does not yet include staking.
Yes 
No 
