T. Rowe Price files for actively managed crypto ETF that could include dogecoin and shiba inu
T. Rowe Price has taken a significant step into the digital-asset market, filing an amended S-1 with the U.S. Securities and Exchange Commission for the Price Active Crypto ETF. The filing — submitted Monday — expands on an October application and lays out the fund’s potential holdings, custody plan, trading mechanics, and even the possibility of staking.
What the ETF may hold
The amended registration says the fund could invest in a broad set of cryptocurrencies, including:
- Bitcoin (BTC) and Ether (ETH)
- Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX)
- Litecoin (LTC), Polkadot (DOT), Dogecoin (DOGE)
- Hedera (HBAR), Bitcoin Cash (BCH), Chainlink (LINK)
- Stellar (XLM), Shiba Inu (SHIB), SUI
Active, concentrated approach
Rather than passively tracking a single benchmark, the ETF would be actively managed and, under typical conditions, hold between five and fifteen crypto assets at any one time. Portfolio decisions would be driven by quantitative models that incorporate fundamentals, valuation and market momentum, with the stated goal of outperforming the FTSE US Listed Crypto Index.
Custody, subscriptions and potential staking
Anchorage Digital Bank N.A. is named as the crypto asset custodian responsible for safeguarding the fund’s tokens. Initially, the ETF would operate on a cash subscription and redemption model — investors create or redeem shares using cash rather than transferring crypto — though the filing leaves open the possibility of moving to in-kind transactions later, a structure used by some crypto ETFs.
The filing also flags that the fund could pursue staking activities in the future, subject to assessments of risk, tax treatment and regulatory guidance. Staking would allow the fund to lock up certain tokens to help secure blockchains in exchange for rewards, if deemed appropriate.
A major manager enters crypto
T. Rowe Price, the 87-year-old asset manager with roughly $1.8 trillion in assets under management, would add this product to a growing list of regulated vehicles designed to give traditional investors crypto exposure through brokerage accounts. If approved, the Price Active Crypto ETF would stand apart from the wave of spot Bitcoin ETFs launched in the U.S. by offering an actively managed, multi-token strategy that can shift holdings as markets evolve.
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