TechFlow News, June 14: According to DigitalToday, the U.S. Securities and Exchange Commission (SEC) has approved T. Rowe Price’s rule change application for its actively managed multi-asset cryptocurrency ETF. This brings the product one step closer to listing and trading on NYSE Arca.
The ETF plans to allocate across 5 to 15 crypto assets, with candidate holdings including BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, HBAR, BCH, LINK, XLM, SUI, as well as high-profile and relatively volatile tokens such as DOGE and SHIB.
The report notes this marks T. Rowe Price’s first foray into the crypto ETF market, signaling that traditional asset managers are further expanding their footprint in crypto asset allocation tools.
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