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Bitcoin is no longer a “fringe asset,” says Bitdeer exec, pointing to institutional adoption, growing liquidity, and mainstream accessibility through ETFs.

Cryptocurrencies rose today as the more friendly regulatory environment promised by President Donald Trump began to take shape, and as new economic data sent Treasury yields lower. Meanwhile, the price of the meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) traded 1.7% and 5.1% higher, respectively.

BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe within weeks, a source familiar with the matter told Reuters, amid growing demand for exposure to cryptocurrencies from both money managers and consumers. The Wall Street giant has incorporated a Zurich-based company focused on digital assets - iShares Digital Assets AG - in recent months, according to a regulatory filing seen by Reuters. BlackRock declined to comment.

The fund would be based in Switzerland and BlackRock could start marketing it as soon as this month, according to the story.

FDIC Acting Chairman Travis Hill said the agency is overhauling its crypto approach, just as U.S. senators examined regulators keeping banks out of crypto.

Standard Chartered’s Geoffrey Kendrick predicts Bitcoin could hit $500,000 by 2028, driven by institutional inflows, improved investor access, and declining volatility.

The precious metal has rallied nearly 10% so far this year while most top cryptocurrencies struggled to stay in the green.