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T. Rowe Price files for its first crypto ETF
T. Rowe Price is seeking regulatory approval to launch an actively managed exchange-traded fund tied to multiple digital currencies, according to a filing with the U.S. Securities and Exchange Commission on Wednesday. It is the first foray into the cryptocurrency space by the $1.77 trillion asset management firm, nearly two years after the SEC's approval of spot bitcoin ETFs. "It's a surprise to see them as a relatively late entrant, but they're planning to offer something differentiated to try and break into the space," said Bryan Armour, an ETF analyst at Morningstar. While asset managers have flooded the SEC with ... (full story)
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