$1.7 Trillion Firm T. Rowe Price Seeks Approval For Crypto ETF Linked To Mult...
According to a Reuters report, global asset management firm T. Rowe Price, with $1.7 trillion in assets under management (AuM), is seeking regulatory approval to launch its first actively managed crypto ETF linked to multiple tokens, marking the firm’s initial entry into the cryptocurrency market space. The Firm’s First Crypto ETF Bryan Armour, an exchange-traded fund analyst at Morningstar, commented on the development stating, “It’s a surprise to see them as a relatively late entrant, but they’re planning to offer something differentiated to try and break....
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Crypto could still be in its infancy, according to one mainstream company's CEO. Although the crypto space has been around for more than a decade, William Stromberg, CEO of mainstream investment management outfit T. Rowe Price, thinks the asset class is still finding its sea legs. "It's early days,” Stromberg told the Baltimore Business Journal in an interview when asked if “T. Rowe Price will ever start investing in cryptocurrencies.”“We have some research going on around it,” the CEO added. “Some companies, just really a handful, have tried to put together products where one can buy and....
A number of asset managers have cautioned about investing in cryptocurrencies, including UBS Wealth Management, Pimco, T. Rowe Price, and Glenmede Investment Management. “We expect more stringent policy and regulatory controls ahead for crypto as it becomes more mainstream,” said UBS. Asset Managers Caution of Crypto Investing A number of asset managers have expressed caution on cryptocurrency after the recent price swings, including UBS Wealth Management, Pimco, T. Rowe Price, and Glenmede Investment Management, the Financial Times reported Monday. UBS Wealth Management....
The combined value of all cryptocurrencies hit $2.5 trillion as the price of Bitcoin and Ether rise steadily. The total cryptocurrency market capitalization broke $2.5 trillion as the United States Securities and Exchange Commission seems to be open to approving additional crypto futures-linked exchange-traded funds.According to data from Cointelegraph Markets Pro, the value of all cryptocurrencies has more than doubled since hitting a $1 trillion market capitalization in January. The prices of Bitcoin (BTC) and Ether (ETH) rose to more than $63,000 and $3,800, respectively, as the total....
The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.
Bitcoin and most major altcoins have bounced off their immediate support levels, indicating an increase in bullish sentiment. The total crypto market capitalization reached the important milestone of $2 trillion on April 5. As cryptocurrencies increase in value, they are likely to attract further investments from institutional investors because they can no longer afford to neglect it. Less than three months ago, the crypto market had reached the $1 trillion in market cap for the first time ever. This rate of growth shows that investors are hugely bullish on the potential of the sector and....