Asset Management

The U.S. Securities and Exchange Commission is reconsidering how it handles exchange-traded funds with unusual or emerging asset mixes, including crypto-linked products. The move signals that the agency may be willing to revisit long-standing listing standards that have shaped the ETF market for years.

Invesco has filed with the SEC to launch a tokenized vehicle designed to hold cash and short-term U.S. Treasuries for stablecoin reserves. The move intensifies a growing race among major asset managers to capture a share of the fast-expanding stablecoin market.

Fidelity Investments is launching a money market fund designed to hold reserves for stablecoin issuers and institutional clients under the new GENIUS Act. The move intensifies competition with traditional asset managers as the stablecoin market expands.