NYSE Arca has submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to list T. Rowe Price's new cryptocurrency exchange-traded fund (ETF). This ETF is designed to hold a diversified basket of digital assets, including Bitcoin (BTC), Ethereum (ETH), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB).
The proposed ETF aims to provide investors with exposure to the cryptocurrency market through a regulated financial product. A key feature of the application highlights the intention for detailed oversight of the fund's holdings and operations, suggesting a focus on compliance and risk management.