On May 9, 2023, representatives from Blackstone Group met with the U.S. Securities and Exchange Commission's cryptocurrency working group to discuss cryptocurrency exchange-traded funds. This underscores Blackstone Group's commitment to advancing crypto financial products in regulated markets.

The discussion covered staking, tokenization, and derivatives in ETFs, focusing on integrating these functionalities. Stakeholder reactions were cautious yet optimistic, indicating a push for regulatory clarity.

The meeting hinted at a significant impact on the market, particularly for Bitcoin and Ethereum, which could enhance investor interest and expand the market.