Decentralized trading protocol Bunni announced its closure due to security vulnerabilities and insufficient funds.

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Major cryptocurrencies were stable on Thursday, Oct. 21, showing signs of a wait-and-see approach as traders positioned ahead of a key U.S. inflation report. At press time, the global crypto market cap was at $3.75 trillion, down 0.2% in the…

The post $1.77 Trillion Asset Manager Takes Leap Into Crypto ETFs appeared on BitcoinEthereumNews.com. T. Rowe Price, a mainstay of investment management, has filed with the Securities and Exchange Commission (SEC) to launch an actively managed crypto exchange-traded fund (ETF) that will provide exposure to multiple digital assets. This high-profile move arrives during a period marked by regulatory delays, but traditional financial institutions are eager to advance. An increasing number of ETF filings signals the growing urgency and changing attitudes across the industry as legacy firms position themselves for the future of crypto investing. Sponsored Sponsored T. Rowe Price Files to Launch Active Crypto ETF T. Rowe Price is a legacy asset manager founded in 1937. The firm currently oversees $1.77 trillion in assets. On October 22, it filed a Form S-1 registration with the SEC to launch the T. Rowe Price Active Crypto ETF. As per the filing, the proposed ETF will hold multiple digital assets, ranging from 5 to 15. The initial ‘Eligible Assets’ list includes: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Polkadot (DOT), Dogecoin (DOGE), Chainlink (LINK), Bitcoin Cash (BCH), Hedera (HBAR), Stellar (XLM), and Shiba Inu (SHIB). The T. Rowe Price Active Crypto ETF aims to outperform the FTSE Crypto US Listed Index over the long term (generally one year or more). “The Sponsor will employ an active investment strategy that is intended to try to ‘beat’ the Index. In seeking to outperform the Index, the Fund may not invest in the crypto assets that comprise the Index (Index Constituents) in the same proportions as the Index. In seeking to outperform the Index, the Fund may invest in one or more Index Constituents in excess of or below the weight assigned to such Index Constituents by the Index, invest in one or more crypto assets that are not Index Constituents, or may…