Overview
- The SEC issued an order on June 12 approving NYSE Arca’s rule change to list the T. Rowe Price Active Crypto ETF, clearing the exchange‑listing hurdle but not starting trading.
- T. Rowe Price will manage the fund against the FTSE Crypto US Listed Index and intends to actively select holdings to try to outperform that benchmark.
- Under normal conditions the ETF is expected to hold between five and fifteen eligible assets drawn from a 15‑token universe that includes Bitcoin, Ethereum, Solana, XRP, Dogecoin and Shiba Inu.
- Because the fund is actively managed the order requires firewalls for sponsor staff, delayed or equalized portfolio transparency and gives exchanges the authority to halt trading if holdings are not shared simultaneously with all market participants.
- The approval broadens regulated institutional pathways to multi‑asset crypto exposure as ETF flows show mixed demand and lawmakers push the Clarity Act, a change that proponents such as Senator Tim Scott say could materially expand institutional participation.