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    Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

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      Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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    Ripple News: First-Ever Actively Managed XRP ETF Officially Filed

    Story Highlights
    • T. Rowe Price files the first-ever actively managed XRP ETF, offering diversified exposure to Bitcoin, Ethereum, Solana, and XRP.

    • Over 150 crypto ETF applications await SEC approval as T. Rowe joins the growing wave of asset managers entering the digital asset market.

    Global traditional asset management firm, T. Rowe Price, filed its crypto ETF on Wednesday, becoming the first ever actively managed XRP ETF. The ETF is designed to provide investors with actively managed exposure to a diversified basket of digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. 

    T. Rowe Files for Actively Managed XRP ETF 

    The newly filed ETF called T. Rowe Price Active Crypto ETF can hold between 5 to 15 crypto assets at a time and can adjust holdings based on market conditions and valuations. The company, holding $1.8 trillion in assets, plans to trade the ETF on the NYSE Arca Exchange. 

    This allows investors to gain exposure without direct ownership of the underlying coin. It aims to outperform the FTSE Crypto US Listed Index, which tracks the top ten US-listed cryptocurrencies that meet SEC standards. The filing comes amid the growing interest in crypto ETFs. 

    On Wednesday, Bloomberg crypto analyst Eric Balchunas revealed that there are more than 155 ETF applications filed with the US Securities and Exchange Commission (SEC), tracking over 35 different digital assets.

    Other assets of  T. Rowe Price are: 

    • Cardano (ADA)
    • Avalanche (AVAX)
    • Litecoin (LTC)
    • Dogecoin (DOGE)
    • Hedera (HBAR)
    • Bitcoin Cash (BCH)
    • Chainlink (LINK)
    • Steller (XLM)
    • Shibu Ina (SHIB)

    Wave of Crypto ETFs  After Generic Listing 

    The crypto industry was already buzzing with ETFs when the SEC approved Generic Listing Standards. This made the ETF applications easier and more time-efficient, which brought dozens of new ETF applications for multiple digital assets. Responding to this, another expert from Bloomberg, James Seyffart, said, “Things are getting wild.” 

    Now, over 150 crypto ETFs are awaiting the SEC’s approval, which has been delayed due to the US government shutdown. Once the shutdown ends, a lineup of crypto ETF approvals is expected by the agency. 

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    FAQs

    What is the T. Rowe Price Active Crypto ETF?

    It’s the first actively managed XRP ETF, providing diversified exposure to major cryptocurrencies like Bitcoin, Ethereum, and XRP without investors needing to own the coins directly.

    Which cryptocurrencies are in the T. Rowe Price ETF?

    The ETF can hold 5-15 digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and others like Cardano (ADA) and Litecoin (LTC).

    What does an “actively managed” crypto ETF mean?

    Unlike passive funds, this ETF’s managers actively adjust its holdings based on market conditions with the goal of outperforming a standard crypto index.

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