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T. Rowe Price Files for Mixed Crypto ETF With Bitcoin, Ethereum, and Solana Exposure

T. Rowe Price has officially filed for a mixed digital asset exchange-traded fund (ETF) that aims to include a range of cryptocurrencies, with a focus on Bitcoin and Ethereum. This marks the firm's first venture into the crypto ETF space. The asset manager, which oversees approximately $1.77 trillion in assets, indicated that the proposed T. Rowe Price Active Crypto ETF will contain between five and fifteen cryptocurrencies and aims to outperform the FTSE Crypto U.S. Listed Index. Notably, the two largest cryptocurrencies, Bitcoin and Ethereum, are expected to have the largest allocations within the fund. This filing aligns with a broader trend of traditional finance companies developing digital asset products in response to growing investor interest in cryptocurrencies. As of now, the SEC is considering over 90 applications for crypto-focused ETFs, showcasing a rapidly evolving financial landscape as firms react to the successful launches of Bitcoin and Ethereum ETFs in earlier quarters of 2024.

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Strategy (MSTR) Introduces Euro-Denominated Stream Preferred Stock Following Q3 Earnings

Strategy (MSTR) has launched the Stream (STRE), a euro-denominated perpetual preferred stock targeting institutional investors. This new security will be listed on Euro MTF Luxembourg and is aimed at expanding the company’s bitcoin-linked financing into European markets. Each share is priced at 100 euros ($115) and offers a 10%

Strategy (MSTR) Introduces Euro-Denominated Stream Preferred Stock Following Q3 Earnings

Strategy (MSTR) has launched a euro-denominated perpetual preferred stock called Stream (STRE), offering a 10% annual dividend to institutional investors within the European Economic Area (EEA). The new offering, priced at 100 euros ($115) per share, will be listed on the Euro MTF Luxembourg and aims to facilitate bitcoin acquisitions

Bitcoin Slips Below $104K as Crypto Market Extends Losses

Bitcoin fell below $104,000, marking a 17.5% decline from its peak earlier in October amid a broader market sell-off driven by a crisis in decentralized finance (DeFi) and macroeconomic concerns. Analysts attribute the current downturn to a combination of significant bad debt in the DeFi sector, which is

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