T.Rowe Price has filed for an actively managed cryptocurrency ETF.
Jinse Finance reported that Nate Geraci, President of The ETF Store, stated that the traditional asset management company T. Rowe Price, established in 1937, has submitted an application for an actively managed cryptocurrency ETF. The company currently manages approximately $1.8 trillion in assets and only officially entered the ETF field in 2020. This direct entry into the crypto market is seen as a significant turning point for this traditional asset management giant.
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