The U.S. Securities and Exchange Commission has approved NYSE Arca’s proposal to list and trade shares of the T. Rowe Price Active Crypto ETF. The order, dated June 12, places the fund under NYSE Arca Rule 8.201-E for commodity-based trust shares. The listing rule is now cleared, while the actual start of trading still depends on the issuer’s launch process.
The fund gives investors one listed product for exposure to multiple crypto assets rather than limiting access to Bitcoin or Ethereum alone. The filing says the ETF is designed to seek long-term capital growth through a basket of eligible digital assets chosen by the sponsor.
An active strategy with room to shift holdings
The ETF will use the FTSE Crypto US Listed Index as its benchmark, but it is not set up as a straight index tracker. The SEC order says the sponsor intends to follow an active approach and aims to outperform the index.
Under normal market conditions, the portfolio is expected to hold between 5 and 15 eligible assets. The filing also leaves room for the fund to hold fewer than five or more than fifteen assets at certain times. That flexibility matters. It allows the sponsor to adjust exposure as conditions change.
Because the product is actively managed, NYSE Arca included extra safeguards. The order references firewall requirements for sponsor personnel and affiliated broker-dealer operations. It also says trading may be halted if portfolio holdings are not disseminated to all market participants at the same time.
Eligible holdings range from Bitcoin to meme coins
The list of eligible assets includes Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Litecoin, Polkadot, Dogecoin, Chainlink, Stellar, Hedera, Bitcoin Cash, Shiba Inu and Sui. The fund may also hold cash, cash equivalents and certain stablecoins for operational purposes.
Dogecoin and Shiba Inu make the scope of the ETF broader than many earlier U.S. crypto funds. Much of the market’s attention had centered on spot Bitcoin and spot Ethereum ETFs. This approval opens a regulated route for exposure to large-cap altcoins and selected meme coins inside a single active product.
An earlier amended filing from T. Rowe Price had already identified XRP alongside Bitcoin, Ethereum and Solana as possible holdings. That filing came at a time when exchanges and issuers were seeking faster routes for crypto products under updated listing standards.
ETF demand is still split across products
The approval lands during an active stretch for crypto ETF filings. BlackRock previously submitted a Form 8-A for its iShares Bitcoin Premium Income ETF, bringing that product closer to a possible Nasdaq debut.
Investor demand has not moved in a single direction. For the week ended June 12, XRP exchange-traded products took in about $10.68 million, while Bitcoin and Ethereum products recorded outflows. Earlier data also showed that U.S. spot Bitcoin ETFs posted net outflows for 13 straight trading days from May 15 to June 3.