Home / T. Rowe Price: First Crypto ETF, Leadership Appointments, & More

T. Rowe Price: First Crypto ETF, Leadership Appointments, & More

By: Jasmin Espinas

Updated: October 22, 2025

Published: October 22, 2025

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T. Rowe Price is one of the largest publicly traded investment firms in the U.S., with a portfolio that spans mutual funds, retirement products, and institutional asset management.

Recently, the firm has filed for its first cryptocurrency ETF.

T. Rowe Price Files Its First Crypto ETF

Rowe Price filed with the U.S. Securities and Exchange Commission on October 22 for an actively managed cryptocurrency ETF.

BREAKING NEWS 🚨 $1.77T asset giant T. Rowe Price files for an Active Crypto ETF!

You know what’s included? $XRP, $HBAR $ADA and $XLM

The institutions aren’t waiting. The floodgates are creaking open

The shift is happening faster than you think
Repost if you buy the dip! 👇 pic.twitter.com/La6rQp6pv7

— X Finance Bull (@Xfinancebull) October 22, 2025

The proposed fund would invest in five to 15 digital tokens that satisfy internal criteria for liquidity, volatility, and regulatory risk.

It encompasses Bitcoin, Ether, Solana, Dogecoin, and Shiba Inu.

The ETF would seek to outperform the FTSE Crypto US Listed Index by employing a combination of value, momentum, and low-volatility factors to adjust allocations. The company confirmed this approach in a statement from its spokesperson to Reuters.

This follows T. Rowe Price’s first filing to enter the crypto ETF market, almost two years after the SEC green-lighted the first wave of spot bitcoin ETFs.

The filing represents a new product expansion for the firm, which has been building out its ETF suite that currently offers 24 funds.

In September, T. Rowe Price also announced a partnership with Goldman Sachs. As part of that agreement, Goldman said it would acquire up to 3.5% of T. Rowe Price stock, potentially investing over $1 billion.

T. Rowe Price Appoints Allan Golston and Richard Verma as Independent Directors

On October 16, T. Rowe Price added Allan Golston and Richard Verma to its Board of Directors as independent members.

Golston is the director of the U.S. Program at the Bill & Melinda Gates Foundation, where he is responsible for education and economic mobility work.

Meanwhile, Verma serves as the Chief Administrative Officer at Mastercard.

T. Rowe Price Announces September 2025 Preliminary AUM Results

On October 10, T. Rowe Price reported preliminary assets under management totaling $1.77 trillion as of September 30.

Net outflows for the month reached $2.0 billion.

Total net outflows were $7.9 billion for the third quarter, which comprises $0.8 billion of manager-directed distributions.

The company is scheduled to release full third-quarter earnings on Friday, October 31, at 7:00 AM ET. Management will hold an investor call from 8:00 to 8:45 AM ET the same morning.

Conclusion

Rowe Price is repositioning itself during a period of structural shifts in asset management.

The combination of product expansion, new board appointments, and continued asset outflows suggests a firm recalibrating its long-term strategy while responding to near-term pressures.

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