The SEC encryption team has explored the inclusion of node staking and liquidity staking functions in ETP

BlockBeats News, on February 14th, according to SEC meeting minutes, on February 5th, 2025, representatives from Jito Labs and Multicoin Capital Management met with members of the Crypto Task Force to discuss two main topics: The feasibility of incorporating pledge functionality into exchange traded products (ETPs); Pledge mode scheme for specific encrypted asset ETP. Incorporating pledge functionality into ETP will benefit investors, more accurately reflect the value of native network assets, and allow issuers to support the security of the network where the assets are located. There are at least two feasible paths for the pledge mode: 1. Allow some assets in ETP to be pledged through verification node service providers, while ensuring timely redemption; 2. Introduce liquid type staking tokens (LSTs) (such as JitoSOL, the staking token corresponding to Solana blockchain native asset SOL) to enable all native assets to be pledged.