T. Rowe Price Seeks Approval for First Actively Managed Crypto ETF

T. Rowe Price, managing $1.7 trillion in assets, is seeking regulatory approval for its first actively managed crypto ETF. This marks the firm's debut in the cryptocurrency market.

Key Points

The ETF will be linked to multiple tokens, providing exposure to five to fifteen digital coins, such as Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu.
It aims to outperform the FTSE Crypto US Listed Index using fundamental, valuation, and momentum factors for asset selection.
T. Rowe Price has developed capabilities to trade digital assets and appointed Blue Macellari to lead its digital assets strategy.
The ETF's launch could benefit from recent US regulatory developments supporting crypto growth.
SEC approval for this and other crypto ETFs may be delayed due to a government shutdown affecting the agency's operations.

Crypto ETF

Currently, Bitcoin has declined by 3.5%, reaching the lower boundary of its consolidation range at $107,988.