In brief
- T. Rowe Price has filed for a crypto ETF.
- If approved, the fund would hold mostly Bitcoin and Ethereum but other coins, too.
- The SEC is weighing more than 90 crypto fund proposals.
Asset management giant T. Rowe Price on Wednesday applied for a mixed digital asset exchange-traded fund, according to a regulatory filing, its first in the crypto space as it joined a growing list of traditional finance firms that have proposed token-focused products.
The Baltimore-based firm, which manages $1.77 trillion in assets, said that the T. Rowe Price Active Crypto ETF would hold five to 15 digital assets, including potentially Bitcoin, Ethereum, XRP, Solana, Dogecoin, Cardano, Avalanche, Shiba Inu, Hedera, Bitcoin Cash, Chainlink,