Asset management firm T. Rowe Price has submitted a cryptocurrency ETF application

According to a report by Jinse Finance, Blockworks journalist Ben Strack disclosed on social media that asset management company T. Rowe Price, which manages approximately $1.8 trillion in assets, has submitted an application for a cryptocurrency exchange-traded fund (ETF). This ETF aims to outperform the FTSE Cryptocurrency US Listed Index. The index consists of the top ten cryptocurrencies by market capitalization that meet the general listing standards of the US Securities and Exchange Commission (SEC).