T. Rowe Price Seeks Approval for Crypto ETF

Financial giant T. Rowe Price has filed an application with the SEC to launch a cryptocurrency exchange-traded fund (ETF). The proposed ETF will offer exposure to major cryptocurrencies including Bitcoin, Ethereum, XRP, Dogecoin, and Shiba Inu. This move seeks to broaden institutional participation in the crypto market. The ETF’s approval is expected to increase liquidity and showcase the integration of crypto assets into mainstream investment vehicles, following a trend of regulatory support for such products.