T. Rowe Price, the US asset manager with $1.8 trillion in assets, has filed to launch its first crypto exchange-traded fund, according to regulatory filings and market reports. The filing seeks registration with the US Securities and Exchange Commission for an actively managed product that would give investors exposure to a basket of digital tokens rather than a single coin.
The filing notes the intent to seek returns that beat the FTSE Crypto US Listed Index, though it stops short of promising any particular outcome.
According to the filings, the request is now subject to the SEC’s review process. Approval is not guaranteed. Issues such as custody of digital assets, daily valuation, trading rules and operational safeguards are likely to be scrutinized by regulators before any listing is permitted.
That said, the active structure could lead to different performance patterns compared with passive crypto ETFs, and investors would need to weigh the potential benefits against added costs and manager decisions.
Featured image from Reddit – r/orioles, chart from TradingView
