The SEC approved the T. Rowe Price Active Crypto ETF on June 12 — the first actively managed, multi-asset crypto ETF from a major traditional asset manager. The fund can hold up to 15 cryptocurrencies including BTC, ETH, XRP, SOL, and DOGE, with USDC approved for operational use.
The SEC approved the T. Rowe Price Active Crypto ETF on June 12 — the first actively managed, multi-asset crypto ETF from a major traditional asset manager. The fund can hold up to 15 cryptocurrencies including BTC, ETH, XRP, SOL, and DOGE, with USDC approved for operational use.
On June 12, 2026, the SEC approved NYSE Arca's proposal to list and trade shares of the T. Rowe Price Active Crypto ETF (SEC Order 34-105681). This marks the first actively managed multi-asset cryptocurrency ETF approved for a legacy Wall Street asset manager.
T. Rowe Price, founded in 1939 and managing over $1.8 trillion in AUM, filed the initial proposal via NYSE Arca on November 6, 2025. The approval grants the fund's sponsor, T. Rowe Price Sponsor LLC, authority to actively select and weight holdings from a pool of 15 eligible crypto assets: bitcoin (BTC), ether (ETH), solana (SOL), XRP, cardano (ADA), avalanche (AVAX), litecoin (LTC), polkadot (DOT), dogecoin (DOGE), hedera (HBAR), bitcoin cash (BCH), chainlink (LINK), stellar (XLM), shiba inu (SHIB), and sui (SUI).
The fund will normally hold 5 to 15 of these assets and use the FTSE Crypto US Listed Index as a performance benchmark — but with active management, the sponsor selects allocations rather than tracking an index passively.
A notable first: the SEC explicitly approved USDC for operational use within the ETF structure, including for expenses, crypto purchases, and trading efficiency. This is the first time a stablecoin has been formally sanctioned as an operational tool inside a SEC-approved crypto fund.
The approval required a separate SEC order because the 2025 generic listing standards for commodity-based trust shares don't cover the combination of active management and stablecoin usage. The SEC imposed daily portfolio transparency requirements, information-sharing rules between the exchange and broker-dealers, and trading safeguards.
Bloomberg ETF analyst James Seyffart tracked the filing through four amended S-1 registrations before final approval. The launch date and expense ratio have not yet been disclosed.
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