T. Rowe Price Enters the Crypto ETF Race
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BTCCSquare news:
T. Rowe Price, the 87-year-old investment giant managing $1.8 trillion in assets, has filed for an actively managed cryptocurrency ETF. This marks its first direct foray into digital assets, signaling accelerating institutional adoption.
The firm only began offering ETFs in 2020, making this move particularly notable. Nate Geraci of The ETF Store observes that traditional asset managers are increasingly compelled to participate in crypto markets as client demand grows.
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