T. Rowe Price has filed an amended registration statement with the U.S. Securities and Exchange Commission for its proposed active crypto ETF, adding new details to the prospectus first submitted in October. The firm, which manages $1.8 trillion in assets across mutual funds and retirement products, is moving ahead with a fund designed to invest directly in digital assets including Bitcoin, Ethereum and other cryptocurrencies.
Filing adds custody and fund operation details
The updated filing keeps the fund’s main structure in place but expands the operational framework around it. T. Rowe Price named Anchorage Digital Bank as the custodian and provided more detail on how shares of the ETF would be created and redeemed. The amendment also says the portfolio may consider about 15 eligible tokens, including Bitcoin, Ether, Solana, XRP, Avalanche and Shiba Inu. Sui was added in the latest version.
A conservative asset manager takes a rare crypto step
The proposal stands out because T. Rowe Price has long been known for a conservative approach centered on traditional investment products. According to the source material, the company first filed for the actively managed crypto ETF in October 2025. That move came as digital asset prices were still running strong, with Bitcoin having climbed above $120,000 shortly before the filing period.
Market backdrop shifted after the initial proposal
Conditions changed quickly after the original submission. The source says the October 10, 2025 liquidation event erased billions of dollars in leveraged crypto positions within 24 hours after geopolitical news triggered forced liquidations across crypto derivatives markets. After about five months of turbulence, net inflows into digital asset ETFs have recently turned positive again. Even so, digital asset prices have pulled back from earlier highs, and ETFs also saw notable outflows during the cooling phase that followed the 2024 and 2025 rally.