
Playing Catch-Up, T. Rowe Price Joins Crypto ETF Fray Years After BlackRock
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T. Rowe Price is making a belated entry into the cryptocurrency ETF market, filing with regulators for an actively managed crypto fund.
The move comes years after rivals like BlackRock and Fidelity launched their own wildly successful spot bitcoin ETFs, highlighting how even traditionally cautious asset managers are now compelled to enter the digital asset space.
The firm, which manages $1.77 trillion, outlined a portfolio that would include Bitcoin, Ethereum, and a range of other cryptocurrencies like Solana, Cardano, and Dogecoin, seeking to outperform a major crypto index.