active crypto ETF
T. Rowe Price has submitted a filing to launch an actively managed cryptocurrency exchange-traded fund (ETF), marking a significant shift in its investment strategy. The firm aims to capitalize on the growing interest in digital assets by offering a product that actively manages cryptocurrency investments. This move reflects a broader trend among traditional financial institutions to engage with the cryptocurrency market. T. Rowe Price’s decision to enter this space highlights its commitment to adapting to evolving market demands and investor preferences. The proposed ETF is expected to provide investors with a new avenue for exposure to cryptocurrencies while leveraging the firm’s investment expertise.
