• The filing shows the fund will be actively managed, targeting the top ten US-listed cryptocurrencies and aiming to outperform the FTSE Crypto US Listed Index
• Analysts see this as a big move by a traditionally conservative firm, which again signals that established financial giants are now seriously moving into the cryptocurrency market
• Currently, 155 crypto ETF applications are awaiting SEC action, with expectations exceeding 200 filings by year-end

T. Rowe Price (TROW), the US asset manager overseeing roughly $1.77 trillion in assets, has filed an S-1 registration statement with the SEC to launch the “T. Rowe Price Active Crypto ETF.”

The prospectus shows that the fund will be actively managed, targeting the top ten US-listed cryptocurrencies and aiming to outperform the FTSE Crypto US Listed Index.

So far, nothing else has been reported, and everyone is aw…

Read The Full Article $1.77 Trillion Asset Manager T. Rowe Price Wants an Active Crypto ETF, Here’s What It Tracks On Coin Edition.

• The filing shows the fund will be actively managed, targeting the top ten US-listed cryptocurrencies and aiming to outperform the FTSE Crypto US Listed Index
• Analysts see this as a big move by a traditionally conservative firm, which again signals that established financial giants are now seriously moving into the cryptocurrency market
• Currently, 155 crypto ETF applications are awaiting SEC action, with expectations exceeding 200 filings by year-end

T. Rowe Price (TROW), the US asset manager overseeing roughly $1.77 trillion in assets, has filed an S-1 registration statement with the SEC to launch the “T. Rowe Price Active Crypto ETF.”

The prospectus shows that the fund will be actively managed, targeting the top ten US-listed cryptocurrencies and aiming to outperform the FTSE Crypto US Listed Index.

So far, nothing else has been reported, and everyone is aw…

Read The Full Article $1.77 Trillion Asset Manager T. Rowe Price Wants an Active Crypto ETF, Here’s What It Tracks On Coin Edition.