T. Rowe Price Makes Bold Move, Files for Actively Managed Crypto ETF

In a surprising move that has shaken the financial world, T. Rowe Price, a conservative asset management giant known for its mutual funds, filed for an actively managed crypto exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This marks a significant departure for the 87-year-old firm from its traditional focus on mutual funds in favor of a foray into digital assets.