SEC Approves T. Rowe Price Active Crypto ETF for NYSE Arca Listing
The SEC approved NYSE Arca's rule change on 12 June 2026 to list the T. Rowe Price Active Crypto ETF. The fund targets 5 to 15 digital assets from an eligible list of 15, including bitcoin, ether, Solana, and XRP. It is one of the first actively managed multi-asset crypto funds from a major traditional asset manager to receive US regulatory clearance.
SEC approved T. Rowe Price's active crypto ETF for NYSE Arca listing
The SEC approved NYSE Arca's proposed rule change to list and trade shares of the T. Rowe Price Active Crypto ETF. The approval applied to Amendment No. 2 of the original rule proposal. The order was dated 12 June 2026. NYSE Arca filed the original rule change proposal on 6 November 2025. It submitted Amendment No. 1 on 21 April 2026 and Amendment No. 2 on 26 May 2026. The June 12 approval clears the listing path, but the fund must still complete custody, compliance, and technical steps before shares are available for trading. The fund is organized as a Delaware statutory trust, with T. Rowe Price Sponsor LLC as investment manager and CSC Delaware Trust Company as trustee.
The fund targets a flexible portfolio of 5 to 15 digital assets
The eligible asset list includes 15 digital assets. Bitcoin, ether, Solana, and XRP lead the roster alongside Cardano, Avalanche, Litecoin, Polkadot, Dogecoin, Hedera, Bitcoin Cash, Chainlink, Stellar, Shiba Inu, and Sui. Under normal conditions, the fund expects to hold between 5 and 15 of those assets, though holdings may temporarily move above or below that range. The fund is benchmarked against the FTSE Crypto US Listed Index and targets outperformance through active allocation decisions. Unlike passive spot ETFs, the portfolio team makes ongoing calls on which assets to hold and in what proportion.
A separate SEC order addressed active management and stablecoin use
The T. Rowe Price Active Crypto ETF required a separate SEC order because the generic listing framework does not cover all its features. The order covers the fund's active management structure, its use of USDC as a payment stablecoin, and daily portfolio transparency requirements. It also specifies trading safeguards on NYSE Arca. USDC may be held for operational purposes — covering fund expenses and facilitating crypto purchases — but is not permitted as a principal investment or target holding. The fund must maintain daily portfolio transparency, a condition that goes beyond what passive spot funds are required to disclose.
The fund is distinct from passive spot Bitcoin and Ethereum ETFs
Spot Bitcoin and Ethereum ETFs track a single asset through passive index replication. T. Rowe Price's actively managed fund takes a different approach. The portfolio team makes discretionary allocation decisions across up to 15 digital assets and targets outperformance of a broad crypto index. The eligible universe spans market-cap leaders such as BTC and ETH down to smaller assets such as Shiba Inu and Sui. This gives the portfolio team a wide range of allocation options unavailable to passive single-asset funds.
Bitcoin held $63,686 as traditional managers push into active crypto products
Bitcoin traded at $63,686, with a market capitalization of $1.28 trillion, at the time of publication (CoinPaprika, 14 June 2026). T. Rowe Price manages approximately $1.77 trillion in assets under management across its broader fund range. XRP spot ETFs have already drawn $1.44 billion in inflows since their US launch, according to market data. The T. Rowe Price fund adds XRP to its eligible asset list alongside bitcoin and ether. This broadens institutional exposure options across the digital asset spectrum. Spot Bitcoin ETFs have accumulated cumulative trading volume approaching $2 trillion since their January 2024 US launch.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
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