SEC Approves T. Rowe Price Active Crypto ETF Listing
- Multi-Asset Investment Product: The SEC approved the T. Rowe Price Active Crypto ETF for listing on NYSE Arca on June 12, allowing the fund to hold between 5 to 15 digital assets, including BTC, ETH, and SOL, aiming for long-term capital growth by outperforming the FTSE Crypto US Listed Index through active management.
- Market Trend Leadership: This approval marks a new chapter in multi-asset crypto investment products, as regulators gradually ease restrictions on diverse crypto investment vehicles, with T. Rowe Price's fund structure aligning with the Securities Exchange Act, thereby enhancing market confidence and transparency.
- Active Management Advantage: Unlike traditional single-asset spot ETFs, this fund actively manages its portfolio to aim for returns above the benchmark index, reducing concentration risk by diversifying investments across 5 to 15 assets, thus providing investors with a more robust crypto investment option.
- Positive Market Reaction: XRP holders responded positively to the news of the fund's inclusion of XRP, with spot XRP ETFs attracting $1.44 billion in inflows since their launch, indicating strong market demand and confidence in diversified crypto investment products.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BASED is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0404 | 0.0493 | 0.0584 | 0.0673 | 0.0764 | 0.0853 | 0.0944 |
| Fibonacci | 0.0493 | 0.0562 | 0.0604 | 0.0673 | 0.0742 | 0.0784 | 0.0853 |
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