The SEC has approved NYSE Arca‘s proposal to list and trade shares of the T. Rowe Price Active Crypto ETF. The order, dated June 12, clears the exchange rule for a fund that can hold a range of digital assets including Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Shiba Inu. The approval provides a listed route for a diversified crypto product as market demand shows mixed signals, with XRP funds seeing inflows while Bitcoin and Ethereum products experience outflows.
The Securities and Exchange Commission (SEC) issued an order on June 12 approving NYSE Arca’s proposal to list shares of the T. Rowe Price Active Crypto ETF. This decision applies under NYSE Arca Rule 8.201-E for commodity-based trust shares but does not set a first trading date.
The actively managed fund aims for long-term capital appreciation by holding a selection of eligible digital assets. Its benchmark is the FTSE Crypto US Listed Index, though the fund will not replicate it as the sponsor seeks to outperform.
The filing permits the fund to normally hold between 5 and 15 eligible assets, providing flexibility. Eligible assets include Bitcoin, Ethereum, Solana, XRP, Cardano, Dogecoin, Shiba Inu, and several others.
This approval expands listed U.S. product offerings beyond spot Bitcoin and Ethereum ETFs. It introduces a potential avenue for exposure to major altcoins and selected meme coins.
The approval arrives amidst a continued increase in crypto ETF filings. BlackRock recently submitted a Form 8-A for its iShares Bitcoin Premium Income ETF, bringing that product closer to a potential Nasdaq listing.
Demand across the sector remains mixed according to recent flow data. XRP exchange-traded products saw approximately $10.68 million in inflows for the week ending June 12, data shows, while Bitcoin and Ethereum products posted outflows.
