T. Rowe Price applies for actively managed crypto ETF

ChainCatcher news, according to a post by Nate Geraci, president of ETF Store, the traditional asset management company T. Rowe Price, founded in 1937, has submitted an application for an actively managed cryptocurrency ETF.

The company currently manages approximately $1.8 trillion in assets and officially entered the ETF space in 2020. This direct involvement in the cryptocurrency market is seen as a significant turning point for traditional asset management giants.