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SEC Approves NYSE Arca Rule Change for T. Rowe Price Active Crypto ETF

On June 12, the U.S. Securities and Exchange Commission (SEC) approved a rule proposal from NYSE Arca to list and trade shares of the T. Rowe Price Active Crypto ETF. According to the regulatory filing, the fund will operate under NYSE Arca Rule 8.201E as an actively managed vehicle targeting long-term capital appreciation. Unlike previous spot Bitcoin or Ethereum ETFs, this product is designed to hold a basket of five to 15 eligible crypto assets, including Solana, XRP, and Cardano, referencing the FTSE Crypto US Listed Index. The approval includes stringent firewall requirements and trading safeguards to ensure market integrity. While the rule change marks a significant regulatory milestone, the official launch date remains dependent on T. Rowe Price finalizing its internal processes. This development follows a period of mixed market sentiment, with recent data showing outflows in major spot Bitcoin products.
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