American asset management giant T. Rowe Price's crypto ETF approved by SEC rule change, moving forward with listing

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Deep Tide TechFlow News: On June 14, according to DigitalToday, the U.S. Securities and Exchange Commission (SEC) has approved rule-change applications submitted by U.S. asset management giant T. Rowe Price for an actively managed multi-asset cryptocurrency ETF, bringing the product one step closer to being listed for trading on the NYSE Arca.

The ETF plans to allocate between 5 and 15 crypto assets. Candidate holdings include BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, HBAR, BCH, LINK, XLM, SUI, as well as mainstream and some high-volatility tokens such as DOGE and SHIB.

The report notes that this is T. Rowe Price’s first attempt to enter the crypto ETF market, meaning traditional asset management firms are further expanding their lineup of crypto asset-allocation tools.

ARCA-1.44%
BTC1.33%
ETH0.23%
SOL1.60%
XRP0.44%
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