Wu said that BlackRock is in discussions with the U.S. Securities and Exchange Commission (SEC) regarding the tokenization of iShares ETFs. BlackRock's Chief Financial Officer Martin Small stated that the relevant progress could occur within 90 days to 12 months, "up to 12 months." Bitwise Chief Information Officer Matt Hougan believes this development could become one of the potential narratives to drive the market out of a bear market, benefiting the L1 and DeFi sectors.
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Wu said that BlackRock is in discussions with the U.S. Securities and Exchange Commission (SEC) regarding the tokenization of iShares ETFs. BlackRock's Chief Financial Officer Martin Small stated that the relevant progress could occur within 90 days to 12 months, "up to 12 months." Bitwise Chief Information Officer Matt Hougan believes this development could become one of the potential narratives to drive the market out of a bear market, benefiting the L1 and DeFi sectors.