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Crypto

T.Rowe Adds Cardano to Its Active Crypto ETF

Guavy AI Editorial Team
Instruments
ADA
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The price of Cardano (ADA) has surged by 11% today to trade at $0.212, following the broader market's uptrend.

This comes after T.Rowe, an asset manager with $1.87 trillion in assets under management, added ADA to its Active Crypto ETF (TKNZ), with a weighting of 0.43%

The fund now holds 416,620 ADA valued at $81,000.

Cardano's ascending channel suggests that the gains could continue, with bulls targeting $0.25 if the price moves above the 200-day SMA resistance of $0.22 and the RSI reading remains bullish.

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