T. Rowe Price has amended the registration for its proposed Active Crypto ETF, an actively managed fund that would invest directly in digital assets. The updated filing names Anchorage Digital Bank as custodian and lists 15 eligible assets, including Bitcoin, Ether, Solana, XRP, Avalanche, and Shiba Inu. The move aligns the traditional asset manager with other major financial firms pursuing crypto investment products.
The $1.8 trillion asset manager T. Rowe Price has amended its registration statement for a proposed Active Crypto exchange-traded fund. The update refines a prospectus first submitted in October that outlines plans for an actively managed fund investing directly in digital assets.
The amendment with the U.S. Securities and Exchange Commission was submitted on March 16. It lists 15 eligible digital assets, including Bitcoin, Ether, Solana, XRP, Avalanche, and Shiba Inu, and adds Sui to the list.
The filing names Anchorage Digital Bank as the ETF’s crypto custodian and expands disclosures around share creation and redemption. It also provides updated information on the FTSE Crypto US Listed Index and expands risk disclosures related to portfolio turnover.
The original October filing surprised some observers given the company’s long-standing focus on traditional mutual funds. NovaDius Wealth Management president Nate Geraci said the crypto ETF filing came “out of ‘left field,’” given the company’s history.
With the proposal, T. Rowe Price joins a list of traditional financial institutions that have launched crypto investment products. This group includes BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco.
The original filing coincided with a peak in the crypto market shortly after Bitcoin surged above $120,000. It also aligned with the October 10 liquidation event, which triggered billions in forced liquidations across leveraged crypto derivatives.
Since that period, digital asset prices have retreated and crypto ETFs have recorded notable outflows. This reflects cooling investor sentiment following the rally in 2024 and 2025.
