T. Rowe Is Aiming to Beat an Index of Investments — in Crypto

T. Rowe Price Group Inc. is planning to launch its first cryptocurrency fund, a bold move for the mutual-fund giant that mostly trades in traditional stocks and bonds.

The actively managed exchange-traded fund would invest in a “diversified basket of commodity crypto assets,” according to a Wednesday filing. T. Rowe’s managers will aim to beat the FTSE Crypto US Listed Index, which is meant to include the top ten crypto assets by market capitalization.