BlackRock, the world’s largest asset manager, is preparing to launch a Bitcoin exchange-traded product (ETP) in Europe, according to a Feb. 5 report by Bloomberg. The move comes after BlackRock’s US spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), drew upward of $57 billion in net assets after launching in January 2024. BlackRock’s IBIT fund…

The Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the United States, has released 790 pages of additional correspondence related to firms offering crypto services to clients. According to the FDIC, the documents show requests from banks and other institutions to offer crypto services to clients were almost always met with resistance, delays, constant requests…

US President Donald Trump’s administration has confirmed plans to regulate and bring stablecoin innovation onshore, according to Trump’s crypto czar, David Sacks. Stablecoins are one of the key areas of focus for the Trump administration, alongside Bitcoin adoption and blockchain development, Sacks said on CNBC’s Closing Bell Over Time on Feb. 4. The stablecoin market “has already taken…