Morning Edition · Friday, July 17, 2026Published at 1:28 AM EDT · New York
T. Rowe Price Debuts an Actively Managed Multi-Token Crypto ETF
The $1.9 trillion asset manager is testing whether active selection can outperform passive index products in a market defined so far by single-asset spot funds.
T. Rowe Price, the asset manager with about $1.9 trillion under management, launched what it describes as the first actively managed multi-token spot crypto exchange-traded fund (ETF), offering diversified exposure to digital assets rather…
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Spot-ETF Flows Set the Marginal Crypto Price
Creation and redemption in spot Bitcoin and Ether exchange-traded funds have become the marginal price-setting flow for the two largest crypto assets, so allocation decisions at a small number of asset managers transmit macro conditions into crypto faster than on-chain fundamentals do.
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