Established asset management company T.Rowe Price is planning to launch a "Cryptocurrency Basket ETF" using an actively managed strategy

BlockBeats News, October 23rd, Traditional asset management company T. Rowe Price has submitted an S-1 application to the U.S. Securities and Exchange Commission to launch its first cryptocurrency ETF. The company currently manages $1.77 trillion in assets.

According to the disclosure documents filed on Wednesday, this product, named the "T. Rowe Price Active Crypto ETF," will follow an active management strategy, aiming to outperform the FTSE Crypto US Listed Index, which tracks the performance of the top ten cryptocurrencies in the U.S., over one year or longer.

The filing shows that the fund will invest in "eligible" cryptocurrencies including Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Litecoin, Polkadot, Dogecoin, HBAR, Bitcoin Cash, Chainlink, Lumen, and Shiba Inu.