Impact of crypto still years out, T. Rowe Price’s head says
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....
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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....
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....
One of the leading cryptocurrency exchange platforms, AAX recently announced the launch of AAX Impact Lab, focusing on fostering innovation in the crypto and blockchain sector. To understand more about their mission, NewsBTC caught up with Timothy Wong — Head of Impact Lab and asked him a few questions. Q: Can you please tell us more about the AAX Impact Lab? How is it going to benefit the community? Impact Lab is a research-partnership team within AAX dedicated to exploring and sharing the new ways digital assets are changing the world for the better. We hope to foster meaningful....
Joe Biden’s picks to head key regulatory agencies could redefine cryptocurrency policy in the coming years. Exactly how remains an open question.
MultBit has been quietly dropping scraps of information about its new MultBit HD wallet for months now. At the recent Bitcoin2014 conference, Jim Burton and Gary Rowe of MultiBit gave CoinDesk a hands-on preview of the new software. One of the most popular wallets out there, MultiBit gets around 4,500 downloads every day. Since its launch in 2011, MultiBit has been downloaded 1.8 million times. That's a lot of users and a great deal of pressure when it comes to producing a product that will last. Rowe said: "We wanted [to build] software that could scale up to tens of millions of people."....