BlackRock has clashed with the SEC over crypto Exchange-Traded Products (ETPs), focusing on Cardano's technology alongside Bitcoin and Ethereum products.
BlackRock aims to incorporate staking in crypto ETPs and tokenize traditional securities, emphasizing the importance of staking for Ethereum ETFs.
The ongoing conflict between BlackRock, SEC, and Cardano influences institutional crypto strategy decisions and regulatory developments in the digital asset space.
Grayscale has filed for a Cardano Exchange-Traded Fund (ETF), indicating Cardano's potential for institutional adoption if regulatory clarity emerges soon.