The US Securities and Exchange Commission (SEC) has approved NYSE Arca’s proposal to list and trade shares of the T. Rowe Price Active Crypto ETF.
summary
- SEC approval brings actively managed multi-asset cryptocurrency exposure closer to NYSE Arca investors this year.
- The Fund may hold Bitcoin, Ethereum, XRP, Solana, Dogecoin, Shiba Inu and other eligible assets.
- Demand for ETFs remains mixed across investment products for Bitcoin, XRP, Solana, and Ethereum.
the to requestdated June 12, covers the Fund under Rule 8.201-E of the New York Stock Exchange Commodity-Based Trust.
The product gives investors a single listed vehicle for multiple crypto assets. It’s not limited to Bitcoin or Ethereum. The fund seeks long-term capital growth by investing in a basket of eligible crypto assets selected by the sponsor, the filing says. Approval clears the exchange’s listing base, but trading details still depend on the issuer’s launch process.
How does an active fund work?
The T. Rowe Price Active Crypto ETF will use the FTSE Crypto US listed index as its benchmark. However, the fund will not simply copy this index. The SEC order states that the sponsor intends to use an active strategy and aims to “outperform the index.”
Under normal market conditions, the ETF is expected to hold between five and fifteen eligible assets. The filing also says the fund may hold fewer than five or more than fifteen assets at certain times. This gives the sponsor room to change exposure as market conditions change.
Because the ETF is actively managed, NYSE Arca has added additional requirements. The order cites firewall rules for sponsor employees and affiliates related to brokers and agents. It also says that trading can be halted if wallet holdings are not shared with all market participants at the same time.
Eligible assets include BTC, XRP, and SHIB
The list of eligible assets includes Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Litecoin, Polkadot, Dogecoin, Chainlink, Stellar, Hedera, Bitcoin Cash, Shiba Inu, and Sui. The Fund may also hold cash, cash equivalents and certain stablecoins for operational use.
The inclusion of Dogecoin and Shiba Inu makes the product broader than many previous cryptocurrency ETFs. Most of the interest in crypto ETFs in the US started with Bitcoin spot funds and Ethereum spot funds. This approval adds a structured path to exposure to high-volume altcoins and specific memecoins within a single active product.
Ditto I mentioned By crypto.news, T. Rowe Price’s edited profile had already placed XRP alongside Bitcoin, Ethereum, and Solana as potential holdings. This earlier filing came at a time when exchanges and issuers were looking for faster paths for cryptocurrency products under updated listing standards.
Demand for ETFs remains mixed
The approval arrives during a busy period for cryptocurrency ETF filings. As I mentioned earlier, BlackRock foot Form 8-A for the iShares Bitcoin Premium Income ETF, bringing this product closer to a potential launch on the Nasdaq.
Investor demand did not move in one direction. Crypto.news too I mentioned Exchange-traded XRP products attracted about $10.68 million in the week ending June 12, while Bitcoin and Ethereum products recorded outflows. Previous coverage Show US Bitcoin ETFs suffered 13 consecutive trading days of net outflows from May 15 to June 3.
