T. Rowe Price Enters Cryptocurrency Market with Significant ETF Application

The US government shutdown is causing delays in the SEC’s decision on numerous cryptocurrency exchange-traded fund (ETF) applications. Despite this delay, T. Rowe Price, one of America’s most established financial firms, has filed a new application to launch an actively managed cryptocurrency ETF with the SEC. This marks a significant shift for the company, entering the crypto market after nearly two years since the SEC approved Bitcoin ETFs. 5 to 15 cryptocurrencies will be included in the ETF, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE) and Shiba Inu (SHIB). The move is generating buzz as experts predict it may mark a turning point for cryptocurrency regulation in the US.