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Crypto

T. Rowe Price Adds Cardano to Active Crypto ETF

Guavy AI Editorial Team
Instruments
ADA
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Cardano's ADA token surged 11% to $0.212 after T. Rowe Price added it to its actively managed cryptocurrency exchange-traded fund, marking a significant institutional validation for the proof-of-stake network.

The addition of ADA to the T. Rowe Price Active Crypto ETF was seen as a deliberate allocation choice rather than an automatic rebalance, underscoring the discretionary nature of the portfolio composition.

While the specific weighting and portfolio rationale behind the inclusion have not been disclosed, market participants interpreted the move as a fresh signal of allocator interest in Cardano.

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