According to the SEC meeting memo, on February 5, 2025, crypto task force staff met with representatives from Jito Labs and Multicoin Capital Management, during which two main topics were discussed: 1. The feasibility of including a pledge function in exchange-traded products (ETPs); 2. Pledging model scheme for specific cryptoasset ETPs. Incorporating a staking function into an 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 asset resides. There are at least two possible paths to the staking model: 1. Allow some assets in the ETP to be pledged by the verification node service provider, while ensuring timely redemption; 2. Introduce liquidity staking tokens (LST) (such as JitoSOL, the staking token corresponding to the Solana blockchain native asset SOL), so that all native assets can be staked.