SEC Clears NYSE Arca to List T. Rowe Price Actively Managed Crypto ETF Covering BTC, ETH and Major Altcoins

June 14 — A filing with the U.S. Securities and Exchange Commission (SEC) shows the agency has approved NYSE Arca's proposed rule change, clearing the way for the listing and trading of the T. Rowe Price Active Crypto ETF. The fund is an actively managed cryptocurrency ETF designed to invest in a basket of digital assets that meet its definition of "qualified assets." It will use a cryptocurrency index as a performance benchmark, without seeking to track or replicate the index. According to the filing, the portfolio is expected to hold roughly 5 to 15 cryptocurrencies. Tokens listed as examples include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Polkadot (DOT), Dogecoin (DOGE) and Chainlink (LINK). The filing also notes that under normal conditions the ETF may hold stablecoins, primarily USDC, as "tokenized cash" to pay fees and support portfolio rebalancing, but not as an investment allocation. The approval materials highlight that the product must comply with exchange requirements covering market-manipulation safeguards, disclosures, liquidity standards and risk management. They also call for information firewalls and position-transparency mechanisms aimed at maintaining market integrity and preventing misuse of material nonpublic information. Market observers view the decision as another step in broadening how crypto exposure is offered within traditional finance, bringing "actively managed multi-crypto ETFs" further into the set of tradable products under mainstream regulatory oversight.