According to the chief investment officer of Bitwise, an interesting development is happening. I learned that BlackRock is engaged in serious discussions with U.S. regulators about tokenizing their iShares ETF products.

The interesting part of the issue is that even BlackRock's own financial officer cannot say for certain how long this process will take. Will it be 90 days, 12 months, or even longer? No one knows. This uncertainty actually shows how complex the process is.

But the point Matt Hougan emphasizes is important: if this happens, it could be a key turning point in helping the market emerge from this turbulent period. Especially for blockchain and decentralized finance sectors, such a move would send a very serious signal.

When companies like Bitwise move in this direction, the convergence between traditional finance and the crypto world becomes more tangible. Tokenized ETFs could open new doors for institutional investors. We will see how quickly U.S. regulators will act on this.