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Crypto
Bitcoin\'s 10-year scorecard crushes U.S. large-cap funds
Bitcoin gained about 87-fold over the past decade, while 87 percent of U.S. large-cap active equity funds failed to beat their passive benchmarks, data showed. Morningstar figures through June 30 put the share of active funds that outperformed at 13 percent. Bitcoin rose from $673.34 on June 30, 2016, to $58,558.86 on June 30, 2026, far outpacing SPY’s 10-year annualized total return of 15.35 percent, though Bitcoin investors had to endure sharp drawdowns.
Crypto
DTCC begins live securities tokenisation trading with 40 firms including JPMorgan
U.S. securities settlement group DTCC has started operating a securities tokenisation service in live markets, covering assets including Microsoft shares and U.S. Treasuries. DTCC plans a July pilot limited to about 1,000 instruments before expanding to full availability around October. The service, developed by its depository DTC, lets participants use tokenised assets for collateral transfers, repo transactions and stock trades, with settlement on either Hyperledger Besu or the Canton Network.
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.
