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BlackRock

BlackRock Hits $38 Billion in Bitcoin OI, Flips Coinbase’s Deribit

by admin October 3, 2025

BlackRock’s iShares Bitcoin Trust ($IBIT) has continued to make waves in the Bitcoin ecosystem.

While it already leads the spot Bitcoin ETF market, BlackRock has now extended its dominance to Bitcoin futures, according to a recent X post from senior ETF analyst Eric Balchunas.

According to Balchunas, BlackRock has amassed a massive $38 billion in open interest, overtaking Coinbase’s Deribit platform to become the largest venue for Bitcoin options.

BlackRock overtakes Coinbase’s Deribit

After dominating Bitcoin options for years, Coinbase-associated Deribit has finally been outpaced by BlackRock, stepping down as the second-largest venue for Bitcoin options.

Notably, the open interest in options tied to BlackRock’s iShares Bitcoin Trust (IBIT) has reached $38 billion, compared to the $32 billion recorded on Deribit.

The milestone has sparked discussions across the crypto community, as it comes less than a year after BlackRock launched Bitcoin options for IBIT in November 2024.

While this marks a significant achievement for the investment giant, it also underscores the growing role of exchange-traded funds (ETFs) in shaping the future of cryptocurrencies.

With BlackRock relentlessly accumulating Bitcoin and driving institutional demand for the world’s largest cryptocurrency, the firm has consistently outpaced other spot Bitcoin ETFs in daily inflows.

Now, with its influence extending into the Bitcoin derivatives market, commentators suggest BlackRock could soon play a decisive role in price discovery and volatility for Bitcoin.

One observer noted that the BlackRock options market often features tighter bid/ask spreads than those offered by other leading investment giants, further fueling its rise as a market leader.

Nonetheless, analysts have highlighted that the reshuffling of leadership in the Bitcoin derivatives market signals Wall Street’s growing dominance in the Bitcoin ecosystem.

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October 3, 2025 0 comments

NFT Gaming

Ripple Powers Offramp For BlackRock, VanEck Tokenized Fund

by admin September 25, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple has added another institutional rail to its stablecoin strategy: through an integration with Securitize, holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s VBILL tokenized US Treasuries can now redeem fund shares for Ripple USD (RLUSD) around the clock—initially on Ethereum, with support for the XRP Ledger (XRPL) in the pipeline.

BlackRock And VanEck Turn To Ripple’s RLUSD

In a press release dated September 23, Ripple and Securitize said a new smart-contract flow “would allow holders of BlackRock’s BUIDL and VanEck’s VBILL to exchange their shares … for Ripple USD (RLUSD),” describing the mechanism as “an additional stablecoin off ramp for BUIDL and VBILL tokenized short term treasury funds.” The companies emphasized continuous availability—“24/7”—and framed the upgrade as programmable liquidity for compliant, on-chain investment products. Securitize also confirmed it is integrating with the XRP Ledger “to expand access and bring new utility to the XRPL ecosystem.”

Jack McDonald, Ripple’s SVP of Stablecoins, positioned the move as a bridge between tokenized funds and transactional money: “RLUSD is for institutional use, offering regulatory clarity, stability, and real utility. As adoption grows, partnerships with trusted platforms like Securitize are key to unlocking new liquidity and enterprise-grade use cases.” On X, McDonald distilled the news for market participants: “RLUSD is now a key stablecoin offramp for BlackRock’s BUIDL and VanEck’s VBILL tokenized fund holders. The integration is starting with ETH, though Securitize is planning to integrate with the XRP Ledger.”

Ripple President Monica Long linked the Securitize integration to a broader RLUSD tokenization push announced the prior week with DBS and Franklin Templeton, where RLUSD serves as a “liquid, stable and compliant exchange mechanism for tokenized assets in lending and trading use cases.” “This week, Securitize added RLUSD as a new offramp for BlackRock and VanEck’s tokenized funds,” she noted.

Ripple CEO Brad Garlinghouse underscored the 24/7 redemption promise and the XRPL roadmap: “Very excited to share that BlackRock’s BUIDL and @VanEck_US’s VBILL tokenized fund holders can redeem shares for RLUSD/ETH 24/7 365 through Securitize, and soon to come RLUSD/XRPL. Enterprise-grade instant onchain liquidity at your fingertips. That’s real utility.”

The companies framed the design as explicitly regulatory-first. Ripple said RLUSD is issued under a New York Department of Financial Services (NYDFS) trust charter, with “1:1 USD backing by high-quality liquid assets, strict reserve management and asset segregation, third-party attestations and clear redemption rights.” Ripple added that since launch in late 2024, RLUSD has integrated into DeFi and cross-border payment flows and surpassed $700 million in market capitalization.

For tokenized funds, the off-ramp matters because it stitches together yield-bearing on-chain treasuries with settlement-grade stablecoin liquidity. BlackRock’s BUIDL and VanEck’s VBILL are tokenized short-term US Treasury strategies issued through Securitize on public blockchains; the new workflow lets qualified holders convert fund shares into RLUSD without banking hours friction, potentially improving collateral mobility for trading, lending, repo and treasury operations.

Ripple Puts New Focus On Tokenization

The development also follows Ripple’s tie-up with DBS and Franklin Templeton, which is listing Franklin’s sgBENJI token on the DBS Digital Exchange alongside RLUSD to enable swapping between the tokenized fund and the stablecoin, and to explore using tokenized fund units as repo collateral—an example of how banks envisage tokenization rails meeting institutional liquidity needs.

While the initial redemption path is live on Ethereum via Securitize, both firms signaled that XRPL integration is next, aligning with Ripple’s push to make RLUSD natively useful across multiple venues. If executed, XRPL support would extend the same institutional redemption mechanics to a different settlement environment—one that Ripple and parts of the treasury-tokenization market already touch via custody, payments, and prior Franklin Templeton XRPL issuance plans.

Notably, BlackRock will be represented at Ripple Swell 2025 in New York on November 4–5 at Convene Hudson Yards. Maxwell Stein, BlackRock’s Director of Digital Assets, is slated to speak in a session titled “The Impact of Tokenized Financial Assets on Capital Markets,” alongside Rory Callagy of Moody’s.

At press time, XRP traded at $2.88.

XRP price, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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September 25, 2025 0 comments

Crypto Trends

Ripple, Securitize Bring RLUSD to BlackRock and VanEck Tokenized Funds

by admin September 24, 2025

Ripple’s RLUSD stablecoin is being integrated into tokenized money-market funds from BlackRock and VanEck, giving holders of the products a direct redemption path into on-chain liquidity.

Through a new smart contract on Securitize’s platform, investors in BlackRock’s BUIDL and VanEck’s VBILL funds can now swap their shares for RLUSD on demand, creating what Ripple calls a 24/7 stablecoin off-ramp for tokenized treasuries.

The move positions RLUSD as a settlement layer for real-world assets (RWA) while broadening its institutional footprint.

Jack McDonald, Ripple’s SVP of Stablecoins, said in a prepared statement thathe tie-up “is a natural next step as we continue to bridge traditional finance and crypto,” framing RLUSD as regulatory-compliant and enterprise-grade.

RLUSD — backed 1:1 with liquid reserves and issued under a New York DFS trust charter — has climbed past $700 million in circulation since launching last year. Ripple has been pushing its use in cross-border payments and DeFi pools, while now anchoring it to institutional RWA platforms.

The Securitize tie-in also sets up RLUSD for deployment on the XRP Ledger, giving Ripple a dual push of a regulatory-compliant stablecoin issuance on one side, and DeFi-facing usability on the other.

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September 24, 2025 0 comments

Crypto Trends

BlackRock Dominates With $260M Crypto ETF Revenue, Outpaces Rivals

by admin September 24, 2025

In less than two years, BlackRock has established its Bitcoin and Ethereum exchange-traded funds (ETFs) as a multi-million-dollar business line. According to data shared by Leon Waidmann, research director at the Onchain Foundation, the firm’s crypto ETF business generates $260 million in annualized revenue, comprising $218 million from Bitcoin ETFs and $42 million from Ethereum products.

BlackRock has quietly built a crypto empire!👇

In less than 2 ye,ars their Bitcoin and Ethereum ETFs are generating over $260M in annual revenue.

🔸 $218M from Bitcoin
🔸 $42M from Ethereum

That’s a quarter-billion-dollar business, built almost overnight. For comparison, many… pic.twitter.com/NuhZnlMMAS

— Leon Waidmann 🔥 (@LeonWaidmann) September 23, 2025

Blockchain analytics platform Dune, corroborates the firm’s dominance, reporting that BlackRock has close to $85 billion in assets under management (AUM), representing over 57% of the U.S. spot Bitcoin ETF market. Fidelity’s ETF takes in $22.8 billion, capturing only 15.34% of the market.

BlackRock’s dominance is reinforced by consistent ETF flows. According to Farside, IBIT has attracted over $60B and ETHA $13B since launch. On September 22nd, IBIT flows were flat while ETHA saw a $15.1M outflow. Even with daily fluctuations, BlackRock’s market share remains unchallenged.

Institutional Benchmark and Market Impact

BlackRock’s release of the size of revenue represents a significant change. Cryptocurrency ETFs are no longer a novelty. They are core profit generators for those in asset management and investment management. To put it in perspective, many fintech unicorns take ten years to generate a similar amount of revenue.

Waidmann argued that such profitability could be a jumping point for pension plans, sovereign funds, and insurance companies, pushing the TradFi to see a digital asset as a legitimate business line rather than as a novel opportunity.

BlackRock’s large market share might demonstrate to other financial platforms that regulated crypto ETFs can be profitable revenue streams as well as prudent and long-term value to traditional long-established institutional portfolios.

Looking Ahead: Beyond ETFs

At the start of the month, we reported that BlackRock is in fact exploring tokenized ETFs shortly after the success of their Bitcoin fund. If their existing products can generate $260M annually, tokenization would drive further profitability while creating access to even more investors across global markets.

This trajectory also establishes BlackRock as the leader in crypto ETFs, and perhaps a model for introducing digital assets into traditional finance.

The implications are obvious: crypto has transitioned from being a speculative asset class to being a mainstream revenue producer at the heart of global finance.

BlackRock’s crypto ETFs now play the role of a profitability benchmark for institutions across the globe. Their leadership shows that digital assets are no longer on the fringes of the financial world but are entrenched in mainstream institutional strategy.

As the ETFs open the door, the next stage of BlackRock’s approach could move to tokenized funds and/or broader digital asset participation, changing the way traditional finance intersects with crypto in the coming years.

Also Read: Maple Finance Hits $4B AUM, Overtakes BlackRock’s BUIDL

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September 24, 2025 0 comments

NFT Gaming

Ethereum ETFs Register $557 Million Inflows As BlackRock Leads the Charge

by admin September 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to data from SoSoValue, the Ethereum spot ETFs saw another strong week of bullish trading activity in the third week of September, recording $556.92 million in net inflows. While the figure is slightly below the $637.79 million inflows registered during the second week, the performance underscores sustained investor appetite for Ethereum exposure through regulated institutional vehicles.

Despite the rocky start to the month, marked by $787.74 million in net outflows during the first week of September, Ethereum ETFs have now swung back into positive territory, with a cumulative September net deposit of $406.97 million.

BlackRock Dominates ETF Flows Again

In analyzing the Ethereum ETFs’ performance for the last week, BlackRock’s iShares Ethereum Trust (ETHA) continues to establish itself as the dominant player, after recording an impressive $513.01 million in net inflows, i.e, more than 92% of total ETH ETF inflows. With this momentum, BlackRock’s ETHA now holds $13.40 billion in cumulative inflows and $17.09 billion in net assets under management (AUM), reinforcing its position as the clear market leader.

In usual fashion, other funds lagged well behind in comparison. Grayscale’s Ethereum Mini Trust (ETH) posted a distant second with $17.99 million in net inflows, followed by Fidelity’s FETH with $15.18 million. Other ETFs with significant traction included Grayscale’s legacy ETHE trust, which added $13.60 million, and Bitwise’s ETHW, which attracted $7.52 million.

However, not all funds shared in the positive momentum as VanEck’s ETHV lost $8.16 million while Invesco’s QETH saw a minor $1.73 million in outflows, highlighting uneven performance across the sector. Taken together, all Ethereum ETFs now report $29.64 billion in total net assets, supported by $13.29 billion in cumulative inflows.

The latest numbers demonstrate that despite volatility in ETH spot prices and mixed performance among smaller ETFs, overall institutional demand for Ethereum remains robust. With BlackRock’s ETHA capturing the lion’s share of flows, its performance will likely remain a bellwether for the sector. If sustained, these inflows would continue to position Ethereum ETFs as a central driver of Ethereum’s institutional adoption heading into 2026.

Related Reading: Stocks Over Spot: The Case For Buying Bitcoin Treasury Companies Instead Of BTC

Bitcoin ETFs Record $887 Million

Meanwhile, Bitcoin ETFs also saw remarkable momentum in the third week of September, recording $886.65 million in net inflows, to push the monthly total to $3.48 billion. Similar to its Ethereum ETF counterpart, BlackRock’s iShares Bitcoin Trust (IBIT) dominated the market once again, leading with $866.84 million in aggregate inflows.

At the time of writing, total net assets across all Bitcoin ETFs now stand at $152.31 billion, representing 6.63% of Bitcoin’s total market capitalization. Meanwhile, cumulative inflows have reached $57.72 billion.

ETH trading at $4,477 on the daily chart | Source: ETHUSDT chart on Tradingview.com

Featured image from IQ.Wiki, chart from Tradingview

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September 21, 2025 0 comments

GameFi Guides

Morning Minute: BlackRock Wants To Tokenize Its ETFs

by admin September 13, 2025

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Crypto majors green, led by SOL; BTC at $115,000
SOL hits $238 on back of FORD DAT $1.65B raise; SOL memes + infra up
BlackRock to tokenize ETFs and RWA funds, pending regulatory approval
Sharps Technology partners with Pudgy Penguins for marketing
DOGE up 20% on week ahead of ETF launch

🏦 BlackRock Eyes Tokenized ETFs

Wall Street’s biggest asset manager is about to take tokenization mainstream.

📌 What Happened

Bloomberg reported that BlackRock is preparing to tokenize ETFs and other real-world asset (RWA) funds, expanding beyond its existing on-chain cash management product, BUIDL.

The move is pending regulatory approval, but it represents a major step toward bringing traditional investment vehicles onto blockchain rails.

BlackRock launched BUIDL with Securitize in 2024, giving institutions tokenized exposure to U.S. Treasuries.

Now, the firm wants to extend that model to ETFs and additional fund structures, which would mark the first time a traditional manager has tokenized mainstream funds at scale.

Potential types of funds include:

Equity ETFs
Bond / fixed income funds
Money Market funds
Real Estate funds
Private Credit funds

These sectors represent Trillions in assets ($12.5T in Q2 2025 to be exact). And a huge chunk of them (maybe eventually all) are coming on-chain.

🗣️ What They’re Saying

“Just like everyone downplaying digital assets being proven wrong over the last decade. Those downplaying tokenization will likely be proven wrong as well” – James Seyffart, Bloomberg

“BlackRock is tokenizing their ETFs and you’re bearish? Everything will be tokenized.” -Graeme Moore, Head of Strategy at Project 11

reminder:

all ETFs and all equities will eventually be tokenized

because assets will naturally flow to where they can be used as the most efficient collateral

and most of that lending/borrowing will happen on Ethereum L1/L2 https://t.co/ulTmfcsBRA

— DCinvestor (@iamDCinvestor) September 12, 2025

🧠 Why It Matters

So why do we care about tokenization of real world assets?

Tokenized ETFs would:

Timing: Enable 24/7 settlement and faster transfers
Composability: Plug assets from these funds into other areas of DeFi
Signal: Crypto becomes “too big to fail” once giants like BlackRock move their entire books on-chain

And bringing these assets onchain grows the overall crypto market cap.

No, it doesn’t mean that new liquidity will flock to every alt L1 or meme coin.

But it’s not a stretch to think it will flow to the best assets, and it will certainly send stablecoinx up significantly. DeFi assets would likely win as well.

And there’s a real chance that most of these funds are tokenized on Ethereum (where BUIDL is).

If that’s the case, ETH is likely the biggest winner here.

So this is a big one to root for the regulators to approve.

And once BlackRock gets the approval and executes, everyone else will follow.

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

Crypto majors are green with SOL outperforming; BTC +1% at $115,000, ETH +2% at $4,520, XRP +1% at $3.03, SOL +6% at $239
M (+11%), MYX (+8%) and PUMP (+8%) led top movers
The BTC ETFs saw $552.7M in net inflows yesterday, now at $1.93B in net inflows since September began
BlackRock is working on tokenizing ETFs and other real-world asset (RWA) funds according to Bloomberg
PayPal pitched Hyperliquid on expanding its network across PayPal’s 400M accounts
Coinbase accused the SEC of deleting Gary Gensler’s text messages during the critical crypto crackdown years
Rex-Osprey’s ETFs for BTC, XRP, DOGE, BONK, and TRUMP have passed the SEC’s 75-day window and are scheduled to launch today
Crypto lender Figure saw its shares finish 24% above their IPO price in the company’s Nasdaq debut

In Corporate Treasuries

In Memes

Memecoin leaders are green led by DOGE; DOGE +4%, Shiba +2%, PEPE +2%, PENGU +1%, BONK +2%, TRUMP even, SPX even, and FARTCOIN +4%
Dogecoin has jumped 20% this week, as a treasury firm accumulates DOGE and ahead of the DOJE DOGE ETF launching today
SPARK (+68%), KORI (+60%) and YAC (+1900%) led on-chain movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

PUMP got listed on Upbit on Thursday, rallying as high as $0.06 ($6B FDV); daily active PUMP app users have passed 35k
World Liberty Fi proposed using 100% of WLFI fees to buy and burn WLFI
Collector Crypt’s CARDS token jumped 18% to $517M after another $1.3M gacha pack sellout

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

Overall market cap up 2% at $14.1B, leaders were green
FARTCOIN (+2%), VIRTUAL (+2%), TIBBIR (-3%), aixbt (+1%) & ai16z (+2%)
LEA (+23%), simmi (+20%) and Acolyt (+17%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

ETH NFT leaders were mixed; Punks -2% at 46.3 ETH, Pudgy +2% at 10.5, BAYC -2% at 9.15 ETH
Abstract NFTs were mixed, led by Dreamilio (+17%)
Pudgy Party hits 500k downloads across Apple and Google app stores
Moonbirds announced a mystery physical collectible mint open for 24 hours

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

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September 13, 2025 0 comments

Crypto Trends

BlackRock Weighs Tokenized ETFs Following Bitcoin Fund Surge

by admin September 12, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BlackRock is moving deeper into tokenized funds, and the moves are starting to look like a bid to bring traditional ETFs onto blockchains.

Reports have disclosed that the firm’s tokenized money market product, known as the BlackRock USD Institutional Digital Liquidity Fund or BUIDL, is already live on the Ethereum network and works with firms such as Securitize and BNY Mellon for transfer agent and custody roles.

BlackRock Tokenized Fund Partners And Setup

According to filings and industry reports, the BUIDL fund is backed by cash, US Treasury bills, and repurchase agreements.

Transfer agent duties are being handled by Securitize while custody services are provided by BNY Mellon. Other infrastructure providers named in reports include Fireblocks, BitGo, Coinbase and Anchorage Digital.

The fund pays yields to token holders on a daily basis using blockchain rails, and it is being positioned as a bridge between classic cash-like instruments and programmable token holdings.

JUST IN: BlackRock plans to tokenize ETFs following success with $BTC fund. pic.twitter.com/yQD0E4VjpX

— Whale Insider (@WhaleInsider) September 11, 2025

The Push Toward Tokenized ETFs

Executives have been quoted as saying tokenization could scale far beyond a single fund. Reports have put a potential addressable market figure as high as $10 trillion if a broad array of assets and ETFs are moved on-chain over time.

Industry trackers also show that the total value locked in tokenized real-world assets passed $10 billion in recent months, a sign that the market is no longer purely experimental.

BlackRock’s activity has prompted comparisons with other large asset managers, such as Franklin Templeton, which have also launched tokenized offerings.

Market Benefits And Practical Limits

Proponents say tokenized ETFs could allow fractional ownership and round-the-clock transferability, and they could speed settlement in some cases.

Reports say tokenization may also boost transparency since ownership records can be viewed directly on the chain.

Bitcoin is now trading at $114,991. Chart: TradingView

At the same time, uncertainty remains over how tokenized ETF shares will interact with existing market structures such as APs and market makers, and whether on-chain trading will be treated the same as exchange trading under US securities rules.

Regulatory And Custody Questions Remain

Regulators, custodians and auditors face hard choices about legal rights, disclosure and investor protections for tokenized securities.

On the basis of sector coverage, firms continue to sort out custody architectures and legal wrappers that provide enforceable claims on the underlying assets to token holders.

Various jurisdictions might draw different conclusions, which would impede cross-border adoption or confine rollouts to individual markets.

Bitcoin Fund Success Spurs Speculation Over Tokenized ETFs

BlackRock’s investigation into tokenized ETFs is a follow-up on the success of its Bitcoin fund, already attracting robust inflows and market interest.

The firm’s success in that department is now generating speculation that its next move will be to take pieces of its multi-trillion-dollar ETF business on-chain.

Should the transition occur, it would represent one of the biggest steps so far by a global asset manager towards investment products based on blockchain.

Featured image from Leonardo Munoz / VIEWpress, chart from TradingView

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September 12, 2025 0 comments

Crypto Trends

BlackRock eyes tokenized ETFs after Bitcoin fund success

by admin September 11, 2025

BlackRock is preparing to bring its multi-trillion-dollar exchanged funds empire on-chain, exploring plans to tokenize exchange-traded funds following the breakout success of its spot Bitcoin ETFs.

Sources close to the matter say the asset management giant is actively working on blockchain-based versions of the funds linked to real-world assets (RWAs), such as equities and bonds. The move opens the door to 24/7 ETF trading, obliterating the limitations of weekday-only Wall Street hours.

Tokenization turns real-world assets into blockchain-based tokens, enabling fractional ownership, instant settlement, and global access. While BlackRock hasn’t named which funds will be tokenized first, the shift builds on its success with IBIT and BUIDL, two of TradFi’s most aggressive blockchain bets to date.

Treasury fund. Both products have become top performers among traditional finance (TradFi) players entering the crypto space.

Wall Street’s blockchain experiment accelerates

CEO Larry Fink has previously said that “every financial asset will be tokenized”, and BlackRock’s new investment assets initiative could be a major catalyst toward that vision. If executed, the tokenized ETFs could offer TradFi-grade exposure to global retail and institutional investors alike, without the friction of outdated settlement systems.

The move comes as Nasdaq itself pushes to modernize its infrastructure. The exchange has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to permit the trading of tokenized equities and ETPs directly on its main board.

Kraken and Robinhood may have tokenized stocks, but BlackRock brings institutional firepower and could force the industry to follow.

This isn’t a pilot. BlackRock’s tokenized funds push rewires the core of asset management, scrapping legacy rails, flattening borders, and gutting settlement delays. If it lands, the rest of Wall Street won’t have a choice.

Also read: Méliuz taps bitcoin options to generate yield and grow reserves

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September 11, 2025 0 comments

Crypto Trends

BlackRock Weighs Tokenized ETFs on Blockchain in Push Beyond Treasuries

by admin September 11, 2025

BlackRock is exploring how to bring exchange-traded funds (ETFs) onto public blockchains, people familiar with the matter told Bloomberg. The sources said the asset manager is weighing tokenizing funds tied to real-world assets such as stocks, though any rollout would depend on regulatory approval.

The discussions follow BlackRock’s first experiment with tokenization last year. The firm introduced the BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL. The fund, which is backed by short-term U.S. Treasuries, repurchase agreements and cash, has quickly grown into the world’s largest tokenized Treasury product, managing nearly $2.2 billion.

Tokenizing ETFs would represent a deeper step into blockchain-based financial products. In practice, it would mean that shares of the funds — traditionally traded on stock exchanges during market hours — could be issued and transacted as tokens on chain.

Proponents argue this shift could bring clear benefits. A tokenized ETF could be traded around the clock, rather than only during exchange hours. Settlement, which often takes two business days in traditional finance, could be completed within minutes. Investors in markets where ETFs are not easily accessible might gain exposure through blockchain rails.

The products are pending a green light from regulators, the people said. BlackRock’s exploration underscores a wider trend across finance, as banks, fintechs and asset managers test blockchain rails for bonds, private credit and now mainstream equity funds.

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September 11, 2025 0 comments

SEC announces cross-border task force to combat fraud

GameFi Guides

SEC delays Ethereum ETF staking decisions for BlackRock, others

by admin September 11, 2025

The U.S. SEC has once again hit the brakes on key crypto ETF decisions. This time, the regulator is delaying approvals for Ethereum staking proposals from top financial giants like BlackRock, Fidelity, and Franklin Templeton, leaving the crypto market watching closely.

Summary

The SEC has postponed decisions on crypto ETF proposals targeting Ethereum staking, Solana, and XRP.
Staking addition for BlackRock’s iShares Ethereum Trust now awaits a final decision by October 30, while that of Fidelity Ethereum Fund and Franklin Templeton were both extended to November 13.
More than 90 crypto ETF applications remain pending as the Commission continues to push back review dates.

The U.S. Securities and Exchange Commission (SEC) has extended the deadline for its decision on ETF proposals seeking to add staking features and track major altcoins. Per a Sept. 10 filing, the commission postponed its ruling on BlackRock’s proposal to allow Ethereum (ETH) staking within its iShares Ethereum Trust.

Originally due September 15, the decision has been pushed to October 30, 2025. If approved, it would be the first exchange-traded fund of its kind.

Citing the reason for the delay, the SEC said it needed additional time to review the proposals.

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the agency wrote.

In addition, the regulator also extended the review period for Fidelity’s proposal to add staking features to its Ethereum ETF, pushing the deadline to Nov 13. BlackRock, Fidelity and Franklin Templeton are not alone in facing setbacks on staking ETFs. Other delays includeOther delays include CBOE’s 21Shares Ethereum ETF, now due October 23, and NYSE’s Grayscale Ethereum ETF, postponed to October 29.

This wave of delays suggests the SEC is treading cautiously, especially around staking products, which have historically triggered concerns regarding custody, market manipulation, and investor protection.

Beyond staking ETFs, other applications were also delayed. The agency assigned a Nov 14 deadline for Franklin Templeton’s proposals to launch funds tracking Solana (SOL) and XRP (XRP).

Why is the SEC delaying crypto ETFs?

While the SEC refrained from giving specific reasons beyond ‘needing more time,’ the broader context suggests regulatory unease around staking mechanics and altcoin classifications. The Commission may also be buying time to finalize its proposed Generic Listing Standards, a rule framework designed to streamline the listing process for crypto-based ETFs.

If adopted, this could allow funds to bypass the traditional Form 19b-4 process and gain approval after a 75-day review period.

Meanwhile, there has been a growing institutional interest in crypto investment vehicles in the past few months, thanks to the crypto-friendly climate under the administration of Donald Trump and the SEC Chairman, Paul Atkins.

Still, more than 90 crypto ETFs remain in regulatory limbo. The SEC has remained conservative in its approach to launching more crypto ETFs following Bitcoin and Ethereum’s approval in early 2024, and for now, the crypto industry is on edge as October and November deadlines approach.

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September 11, 2025 0 comments