T. Rowe Price filed for an active crypto ETF investing across tokens and crypto equities. The move expands its $1.6T multi-asset business.
T. Rowe Price filed for an actively managed crypto exchange-traded fund that will invest across tokens and crypto-related equities, according to the filing. The fund has not yet been named.
Most crypto ETFs track a single index or a handful of large-cap coins. An active structure lets the manager shift allocations based on market conditions, a feature that could appeal to advisors who want crypto exposure without the volatility of a passive buy-and-hold strategy.
T. Rowe Price already runs a $1.6 trillion multi-asset business. The crypto ETF extends that model into digital assets, giving investors a single vehicle for diversified crypto exposure. The firm's Alpha Score on AlphaScala stands at 81 out of 100, a "Strong" rating that reflects its financial health and market position. The stock trades under the ticker TROW and is classified in the Financials sector.
The SEC has not yet approved a spot ether ETF. It has approved actively managed crypto products before. T. Rowe Price's application joins a wave of filings from firms including BlackRock and Fidelity. Most of those target passive exposure to bitcoin or ether.
The filing did not specify a launch date or the fund's expense ratio.
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