The SEC approved T. Rowe Price's Active Crypto ETF for NYSE Arca, holding 5-15 digital assets including Bitcoin, Ether, Solana, and XRP. The actively managed fund targets outperformance of the FTSE Crypto US Listed Index.
The SEC approved T. Rowe Price's Active Crypto ETF for listing on NYSE Arca, the regulator said June 12. The fund will hold between 5 and 15 digital assets, targeting long-term capital growth against the FTSE Crypto US Listed Index.
The structure falls under NYSE Arca's Commodity Based Trust Shares framework. The SEC greenlit the exchange's rule change proposal, clearing the fund for public trading. Eligible assets span Bitcoin, Ether, Solana, XRP, and Cardano. Avalanche, Litecoin, Polkadot, Dogecoin, and Chainlink are also on the list, alongside Stellar, Hedera, Bitcoin Cash, Shiba Inu, and Sui.
Unlike single-asset spot ETFs, this product actively rebalances a multi-asset portfolio. Portfolio managers will adjust holdings to outperform the benchmark, using delayed disclosures as part of the active strategy. The SEC said the proposal aligns with the Securities Exchange Act and includes market manipulation safeguards. NYSE Arca will also implement enhanced firewall protections and trading halt features specific to actively managed products.
The multi-asset design reduces concentration risk compared to single-token ETFs. Spreading exposure across 5 to 15 assets provides a buffer against sharp moves in any one coin, appealing to investors seeking measured crypto exposure within a regulated wrapper.
The approval arrives as other asset managers accelerate their own crypto ETF filings. BlackRock recently submitted a Form 8-A for its Bitcoin Premium Income ETF, which analysts interpret as a signal of an imminent launch.
XRP holders responded positively to news of the token's inclusion in the fund. Spot XRP ETFs have already drawn $1.44 billion in inflows since their launch. Ripple's CEO separately projected the company could reach $1 billion in annual revenue before year-end.
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