
T. Rowe Price files first-ever actively managed crypto ETF with nearly $1.8 trillion assets.
Fund will invest in five to fifteen cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and Cardano.
The ETF focuses on commodity-like digital assets, holding cash, stablecoins, and potentially staking.
T. Rowe Price, one of America’s most established asset management firms overseeing nearly $1.8 trillion in assets, has officially filed for its first-ever cryptocurrency exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
The new T. Rowe Price Active Crypto ETF marks the firm’s first step into digital assets, moving beyond its traditional mutual fund focus.
T. Rowe Price Files For Crypto ETF
According to its S-1 filing, the T. Rowe Price Active Crypto ETF will focus on “commodity-like digital assets” rather than tokenized securities, ensuring compliance with existing SEC standards.
The fund will hold a portion of assets in cash, stablecoins, or Treasury bills to maintain liquidity. It may also participate in staking in the future if regulations allow.
Meanwhile, the actively managed fund will hold five to fifteen cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, and Dogecoin.
The ETF will be managed by T. Rowe Price Sponsor LLC, with CSC Delaware Trust Company serving as trustee to ensure regulatory compliance and auditing transparency.
Legacy Firms Don’t Want to Miss the Crypto Wave
Nate Geraci, president of The ETF Store, highlighted the significance of the move, noting that many traditional asset managers previously missed the ETF boom.
“Can’t overstate the significance of T. Rowe Price filing for an actively managed crypto ETF out of left field.”
Legacy firms are now actively designing crypto strategies instead of waiting on market developments.
Regulatory Milestone Amid a Crowded ETF Landscape
With this filing, T. Rowe Price joins a rapidly growing list of established fund managers, including BlackRock, Fidelity, and VanEck—entering the digital asset ETF race.
More than 155 crypto ETF filings, representing 35 unique digital assets, are currently awaiting SEC review, though most are delayed by the ongoing U.S. government shutdown, which has frozen fund registration timelines.
If approved, the T. Rowe Price Active Crypto ETF would offer institutional and retail investors a regulated gateway to multi-asset digital exposure, deepening mainstream access to cryptocurrencies amid growing global ETF adoption.
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FAQs
A crypto ETF is a fund you can buy like a stock that holds cryptocurrencies, letting you invest without the complexity of managing digital wallets and keys directly.
Unlike funds that just track an index, an actively managed crypto ETF has experts who strategically select and adjust its cryptocurrency holdings to target performance.
While an ETF adds a layer of professional management, cryptocurrency itself remains a volatile asset class. It carries higher risk than traditional stock or bond investments.
Once approved and launched, you can buy shares through any standard brokerage account, just like you would trade a stock such as Apple or Microsoft.
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