T. Rowe Price Adds Cardano to Active Crypto ETF

TLDR

• T. Rowe Price added Cardano (ADA) to its Active Crypto ETF, TKNZ, after excluding it at launch.
• Cardano now holds a 0.44% portfolio weighting, worth about $72,500 based on the fund’s $16.47 million in net assets.
• TKNZ applies rules covering regulatory status, liquidity, custody, pricing, and tradability before adding crypto assets.
• Cardano joins Bitcoin, Ethereum, Solana, XRP, BNB, Dogecoin, Stellar, and other assets in the actively managed fund.
• ADA is also included in other U.S. crypto products from Bitwise, Grayscale, and Hashdex, expanding its institutional presence.
• ADA recently climbed above $0.19 before easing near $0.1838, while 24-hour trading volume surged 212% to $528.26 million.
• T. Rowe Price has added Cardano to its Active Crypto ETF, expanding the fund beyond its original asset mix. The move gives ADA a place beside Bitcoin, Ethereum, Solana, XRP, and other large cryptocurrencies in the portfolio.

The Active Crypto ETF, trading under TKNZ on NYSE Arca, launched in mid-July. The fund began trading after the U.S. Securities and Exchange Commission approved it in June. Cardano did not appear in the first portfolio, despite earlier filings listing ADA as an eligible asset.

… Continue reading the full article at the original source below.