He met Blackrock with the SEC Crypto Business Square on May 9: Below are decisive details
- Blackrock has invested significantly in the distinctive RWA to connect Tradefi and Defi smoothly.
- The United States has a great accumulation of Crypto ETFS apps but awaits the organizational green light of Congress.
Blackrock Inc. (NYSE: BLK), the director of the first -class boxes that exceed 10 trillion dollars of management assets (AUM), has a large entry into the Blockchain area and the broader digital asset industry. The New York -based investment management company in New York has made clear intentions to reject the stock market for stocks in the United States on the main Blockchains.
Moreover, Blackrock intends to expand its worldwide operations for all investors who seek to take advantage of traditional financial products through WEB3. Indeed, Blackrock has succeeded in launching two investment funds in Crypto, including Bitcoin (BTC) and ETHEREUM (ETH).
At the time of writing this report, IBIT of Blackrock had a net net cash flow of about $ 44 billion, and therefore currently runs about $ 62.91 billion of net assets. Meanwhile, Blackrock has registered a net cash flow of about $ 4.2 billion since its establishment, and thus currently runs about $ 2.6 billion.
Blackrock is looking for more SEC encryption directions
Friday, May 9, Blackrock meet With the US Crypto Labor Squad, I requested guidance about Crypto Staking, RWA, ETF approval criteria, and options for traded investment boxes. Moreover, under the President of SEC Paul Atkins, Blackrock is a good position to get more in the near -term coding products.
Crypto Staking will provide Blackrock investors more ways to gain more profits. Discuss the Blackrock with the SEC’s Crypto’s CRYPTO band, the processing views, including monotheism to facilitate ETPS with Staking capabilities.
As for the criteria for approval on Crypto ETP, Blackrock and the Crypto SEC business team discussed specific factors and systems that can be applied in ETPS approval.
