87-Year-Old Wall Street Giant Joins Crypto ETF Race With SEC Filing

T. Rowe Price, a major asset manager founded in 1937 overseeing $1.77 trillion, has filed a Form S-1 registration with the SEC to launch the T. Rowe Price Active Crypto ETF. This actively managed fund intends to hold between 5 and 15 digital assets, including Bitcoin, Ethereum, Solana, and others, aiming to outperform the FTSE Crypto US Listed Index. Industry experts view this move as a sign that legacy financial institutions are building necessary infrastructure to engage with crypto, rather than ignoring it. However, the review of this and over 150 other pending crypto ETP filings is currently paused due to the ongoing US government shutdown, though market predictions suggest a resolution might occur by mid-November, potentially clearing the way for ETF approvals.

(Source：BeInCrypto)