SEC has discussed the introduction of stake function for ETP

BlockBeats news, on February 14, according to the SEC meeting memorandum, on February 5, 2025, the staff of the encryption special action group met with representatives of Jito Labs and Multicoin Capital Management. Two main topics were discussed during the meeting: 1. The feasibility of incorporating stake functionality into ETP products on the exchange; 2. Stake mode schemes for specific encryption asset ETPs. Incorporating stake functionality into ETPs will benefit investors, more accurately reflect the value of native network assets, and allow issuers to support the security of the assets’ underlying network. There are at least two feasible paths for stake mode: 1. Allowing some assets in the ETP to be staked by verified Node service providers while ensuring timely redemption; 2. Introducing liquidity stake tokens (LST) (such as JitoSOL, the stakeToken corresponding to the native Solana blockchain asset SOL), enabling all native assets to be staked.