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Just saw that T. Rowe Price is going to launch an actively managed crypto ETF, which is pretty interesting. This established asset management firm (with $1.8 trillion AUM) doesn’t just plan to hold Bitcoin and Ethereum—it also intends to include alternative coins like Dogecoin and Shiba Inu, which is really quite unexpected.
According to their latest submitted S-1 filing, this ETF will flexibly switch among 5-15 crypto assets, using a quantitative model to outperform the FTSE U.S. Listed Crypto Index. The investment pool includes BTC (current price 73K), ETH (2.25K), SOL (84.67), XRP, ADA, AVAX, LTC, DOT, DOGE, HBAR, BCH, LINK, XLM, shiba inu, and SUI—quite a list.
The most interesting part is that they won’t hold all of these coins at the same time; instead, they’ll dynamically adjust. They also mentioned that in the future, they may support staking yield, with Anchorage Digital Bank as the custodian. For now, they’re using a cash subscription/redemption model, and later they may support exchanging coins directly for shares.
This means mainstream asset managers are really starting to take community coins like shiba inu seriously—not just playing the BTC/ETH game. What do you think—could this bring more institutional capital to these alternative coins?