T. Rowe Price, a long-established asset management firm, has also entered the game. The approval of actively managed multi-asset ETFs shows that institutional demand for allocating to cryptocurrency can no longer be suppressed.

According to DigitalToday, the active multi-asset cryptocurrency ETF from American asset management giant T. Rowe Price has officially received regulatory approval from the U.S. SEC, bringing it one step closer to being listed and traded on the NYSE Arca. The ETF plans to invest in 5 to 15 cryptocurrencies, with candidate assets including BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, HBAR, BCH, LINK, XLM, SUI, as well as DOGE and SHIB. The report notes that this is T. Rowe Price's first attempt to enter the crypto ETF market.