🚀 T. Rowe Price Jumps on the Crypto Bandwagon – Finally! 🤑

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Well, well, well. Look who’s decided to dip their toes into the crypto pool! 🌊 T. Rowe Price, the granddaddy of asset management with a cool $1.8 trillion in assets (yes, trillion, with a T), has finally filed for its first-ever cryptocurrency ETF. 🎉 About time, right? I mean, it’s not like crypto’s been around for over a decade or anything. 😏

The T. Rowe Price Active Crypto ETF (catchy name, guys 👏) is their shiny new toy, marking their first foray into digital assets. Because, you know, mutual funds were starting to feel a bit… 2005. 🦖

Crypto, But Make It Fancy

According to their S-1 filing (aka the boring paperwork 📄), this ETF is all about “commodity-like digital assets.” So, no tokenized securities here-just good ol’ Bitcoin, Ethereum, and their cool friends. They’re playing it safe, ensuring they don’t ruffle the SEC’s feathers. 🐔

Oh, and get this: they’re keeping some cash, stablecoins, or Treasury bills on hand for liquidity. Because even crypto needs a safety net, apparently. 🪢 Plus, they’re teasing staking in the future-if the SEC ever stops being a party pooper. 🎉

The portfolio? A modest 5 to 15 cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, and even Dogecoin. Yes, Doge. Because why not? 🐶

The ETF will be managed by T. Rowe Price Sponsor LLC, with CSC Delaware Trust Company as the trustee. Because nothing says “trust us” like a trustee, right? 🤝

Legacy Firms: Crypto FOMO is Real

Nate Geraci, president of The ETF Store, basically said this is a big deal. “Can’t overstate the significance,” he noted. Translation: T. Rowe Price just pulled a mic drop moment. 🎤

Legacy firms are finally waking up and smelling the blockchain. Instead of sitting on the sidelines, they’re rolling up their sleeves and getting their hands crypto-dirty. Better late than never, I guess? ⏳

A Crowded Party, But T. Rowe’s Got an Invite

With this filing, T. Rowe Price joins the cool kids’ table, alongside BlackRock, Fidelity, and VanEck. The digital asset ETF race is heating up, and everyone wants a slice of the crypto pie. 🥧

Fun fact: there are over 155 crypto ETF filings waiting for SEC approval. But thanks to the government shutdown, everything’s on ice. 🧊 So, T. Rowe Price, you’re not alone in the waiting room. Bring snacks. 🍿

If approved, this ETF will be the regulated gateway to crypto for both institutional and retail investors. Mainstream adoption? It’s happening, folks. Whether you’re ready or not. 🚀

So, here’s to T. Rowe Price-finally joining the 21st century. Cheers to that! 🥂

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2025-10-23 09:54