Crypto
Cardano Gains Institutional Traction with T. Rowe Price ETF Boost
T. Rowe Price's Active Crypto ETF has added Cardano (ADA) to its portfolio, assigning it a 0.43% allocation.
This move brings direct institutional exposure to ADA and increases ETF-driven demand for the asset.
Cardano network activity has also strengthened, with transaction counts and DeFi total value locked rising sharply.
A recent partnership between the Cardano Foundation and the United Nations Development Programme is expected to expand Cardano's visibility in development-focused use cases.