T. Rowe Price, the 87-year-old investment giant managing about $1.8 trillion in assets, has filed for an actively managed cryptocurrency ETF. The move marks a major step for the traditional asset manager, which only began offering ETFs in 2020. As highlighted by Nate Geraci of The ETF Store, this filing signals T. Rowe Price’s first direct entry into the crypto market, reflecting growing institutional interest in digital assets.
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