The U.S. 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 crypto exposure closer to NYSE Arca investors this year.
- The fund may hold Bitcoin, Ethereum, XRP, Solana, Dogecoin, Shiba Inu and other qualified assets.
- ETF demand remains mixed across Bitcoin, XRP, Solana and Ethereum investment products.
The order, dated June 12, covers the fund under NYSE Arca Rule 8.201-E for commodity-based trust shares.
The product gives investors a single listed vehicle for several crypto assets. It is not limited to Bitcoin or Ethereum. The filing says the fund seeks long-term capital growth by investing in a basket of eligible crypto assets selected by the sponsor. The approval clears the exchange listing rule, but trading details still depend on the issuer’s launch process.
How the active fund works
The T. Rowe Price Active Crypto ETF will use the FTSE Crypto US Listed Index as a benchmark. However, the fund will not simply copy that index. The SEC order says 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. That gives the sponsor room to change exposure as market conditions shift.
Because the ETF is actively managed, NYSE Arca added extra requirements. The order refers to firewall rules for sponsor staff and related broker-dealer affiliates. It also says trading can halt if portfolio holdings are not shared with all market participants at the same time.
Eligible assets include BTC, XRP and SHIB
The eligible asset list 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 some stablecoins for operational use.
The inclusion of Dogecoin and Shiba Inu makes the product broader than many earlier crypto ETFs. Most U.S. crypto ETF attention started with spot Bitcoin and spot Ethereum funds. This approval adds a regulated path for exposure to large-cap altcoins and selected meme coins inside one active product.
As previously reported by crypto.news, T. Rowe Price’s amended filing had already placed XRP beside Bitcoin, Ethereum and Solana as possible holdings. That earlier filing came as exchanges and issuers were seeking faster paths for crypto products under updated listing standards.
ETF demand remains mixed
The approval arrives during a busy period for crypto ETF filings. As previously reported, BlackRock filed a Form 8-A for its iShares Bitcoin Premium Income ETF, moving that product closer to a possible Nasdaq launch.
Investor demand has not moved in one direction. Crypto.news also reported that XRP exchange-traded products drew about $10.68 million in the week ended June 12, while Bitcoin and Ethereum products posted outflows. Earlier coverage showed U.S. spot Bitcoin ETFs suffered 13 straight trading days of net outflows from May 15 to June 3.
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