TechFlow news, October 23: Nate Geraci, president of The ETF Store, posted that T. Rowe Price, a traditional asset management giant founded in 1937, has unexpectedly filed an application for an actively managed cryptocurrency ETF. Managing approximately $1.8 trillion in assets, the firm only entered the ETF space in 2020, making this move into the crypto market a significant industry signal. Many traditional financial institutions are rapidly developing crypto strategies to avoid repeating the mistake of missing out on the ETF boom.
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