Crypto

Bitcoin sentiment wavers, possible retest of $55,000

Demand for downside protection in the bitcoin options market has jumped to the highest level in a year, raising caution that bitcoin could retest $55,000. Bitcoin has failed to regain $61,000 since June 26, while markets view rising hedging demand and outflows from spot bitcoin exchange-traded funds as bearish signals. Strategy’s liquidity steps eased near-term worries but added supply concerns. U.S. equities improved as funds shifted toward semiconductor stocks.

Crypto

Invesco files to launch onchain money market fund for stablecoin reserves

Invesco has submitted an amended filing to the U.S. Securities and Exchange Commission to launch the Invesco Stablecoin Reserve Onchain Fund, a money market fund designed for stablecoin reserve assets. The product is set to be added to Invesco’s existing short-term investment trust portfolio. It will invest mainly in high-quality short-term assets such as U.S. Treasuries, repurchase agreements and cash equivalents, and aims to maintain a $1 net asset value per share.