The U.S. SEC has approved NYSE Arca's proposal to list the T. Rowe Price Active Crypto ETF, an actively managed fund that can hold a variety of cryptocurrencies including Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Shiba Inu. This ETF aims for long-term capital growth by investing in a basket of eligible crypto assets, using an active strategy to potentially outperform its benchmark, the FTSE Crypto US Listed Index. The approval marks a significant step in providing investors with regulated access to multiple large-cap altcoins and meme coins within a single product. Trading details will depend on the issuer's launch process, with added regulatory safeguards due to the active management approach.
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
