T. Rowe Price expands crypto ETF strategy with up to 15 assets: Details
T. Rowe Price has amended its filing with the SEC for its proposed actively managed crypto ETF, expanding its strategy to include a wider range of 5 to 15 digital assets. Beyond major cryptocurrencies like Bitcoin and Ethereum, the fund may invest in more volatile tokens such as Dogecoin, Shiba Inu, Solana, XRP, and SUI. The filing highlights a focus on security, with Anchorage Digital Bank serving as custodian, and initially uses a cash creation/redemption model. It also leaves open the possibility for future in-kind transactions and staking, pending regulatory clarity. This move reflects growing institutional interest in crypto and intensifying competition among asset managers to offer diversified products.
ambcrypto03/17 07:48
