SEC Clears T. Rowe Price Active Crypto ETF for NYSE Arca Listing
T. Rowe Price is set to join the U.S. crypto ETF arena after the Securities and Exchange Commission approved its actively managed crypto ETF for listing on NYSE Arca, CoinDesk reported.
The product is positioned differently from most spot Bitcoin and Ethereum ETFs that simply track a single asset. Under normal market conditions, the fund plans to allocate across 5 to 15 digital assets. Disclosures list potential holdings including Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Litecoin, and Dogecoin. USDC may be used to pay expenses and facilitate purchases, but it is not intended to be a core investment.
As an actively managed ETF, the portfolio team will have discretion to adjust allocations, rebalance, and decide specific holdings based on market conditions. T. Rowe Price first filed in November 2025 and later submitted two amendments before securing approval. Foreign media said the timeline underscores that regulators continue to scrutinize actively managed crypto products more heavily than passive, index-style structures.
The approval arrives as the U.S. spot Bitcoin ETF segment has grown into a sizable market. The Block estimates that, as of June 11, cumulative trading volume for spot Bitcoin ETFs was nearing $1.99 trillion. The filing cites BlackRock's IBIT at roughly $49 billion in assets under management, with total assets across the Bitcoin ETF category exceeding $76 billion.
Market conditions remain a challenge for new launches. The report said Bitcoin traded this week roughly between $63,750 and $64,354, about half below its peak near $126,000 in October last year. Spot Bitcoin ETFs have seen about $3 billion in net outflows so far this year.
Against that backdrop, demand for active crypto ETFs will likely hinge on whether managers can deliver better results than passive products through rebalancing and coin selection. For traditional asset managers, the decision also signals deeper engagement with digital assets.
Separately, the article noted that the U.S. Commodity Futures Trading Commission recently issued a noaction letter allowing designated contract markets to convert certain digital commodity futures into perpetual contracts without expiration dates, subject to conditions. The relief is temporary and will expire on June 30, 2026.
