Overview
- The SEC issued an order dated June 12 approving NYSE Arca’s rule change to list the T. Rowe Price Active Crypto ETF under Rule 8.201-E, clearing the exchange-listing step while leaving the issuer to set the launch date.
- T. Rowe Price’s fund is actively managed and will seek to outperform the FTSE Crypto US Listed Index by normally holding five to fifteen eligible digital assets.
- The ETF’s eligible list includes Bitcoin, Ether, Solana, XRP, Cardano, Avalanche, Litecoin, Polkadot, Dogecoin, Chainlink, Stellar, Hedera, Bitcoin Cash, Shiba Inu and Sui, offering regulated exposure to large-cap altcoins and selected meme tokens.
- The SEC and NYSE Arca required extra protections for active management, including staff firewalls, delayed public portfolio disclosures and trading-halt triggers when holdings are not shared simultaneously to reduce front-running risks.
- The approval comes as other managers advance crypto ETF filings and spot XRP products have seen notable inflows, so market watchers will track T. Rowe Price’s launch timing, portfolio mix and investor demand for multi-asset crypto exposure.