BlockBeats News, May 10th. According to the minutes of a related meeting, representatives from BlackRock, the world's largest asset management company, met with staff from the U.S. Securities and Exchange Commission (SEC) on this Friday to discuss approaches to addressing regulatory issues related to crypto assets, focusing on topics such as collateralization and options for crypto ETFs.
Reportedly, Robert Mitchnick, BlackRock's Head of Digital Assets, also attended the meeting. BlackRock representatives engaged with SEC staff on "considerations relating to ETP products that support collateralized functionality," and deliberated on topics such as position calculation for cryptocurrency ETF options, authorized participant criteria, and liquidity thresholds. Additionally, BlackRock discussed with the SEC the general standards for approving crypto ETFs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.