Global Stock News

T. Rowe Price Tests Crypto ETF As Shares Trade Above Targets

T. Rowe Price Tests Crypto ETF As Shares Trade Above Targets

Make better investment decisions with Simply Wall St’s easy, visual tools that give you a competitive edge.

  • T. Rowe Price Group (NasdaqGS:TROW) is preparing to launch a crypto ETF that offers exposure to a curated basket of cryptocurrencies.

  • The planned ETF will use active management and include token staking features for additional yield potential.

  • This product marks a clear move by T. Rowe Price into digital asset management beyond its traditional retirement and mutual fund offerings.

T. Rowe Price Group enters this new product phase with its stock at $106.43 and a mixed return profile. The shares are up 2.3% over the past week, 1.6% over the past month, 1.7% year to date and 18.0% over the past year, while the 5 year…

Source link

Share this article

Scroll to Top