The $1.9 trillion asset manager introduces a spot crypto ETF diversifying across multiple digital assets under active management.
T. Rowe Price, managing $1.9 trillion in assets, has launched an actively managed multi-token spot crypto ETF, marking a first in the industry. The fund aims to provide diversified exposure to digital assets through active management strategies.
The move follows growing institutional interest in crypto products, though prior launches have largely focused on single-token or passively managed funds. T. Rowe Price’s entry signals heightened competition in the digital asset space amid evolving regulatory landscapes.
No immediate market reaction was disclosed, but the launch underscores the firm’s bet on active management in volatile crypto markets.