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T. Rowe Price Files for Active Crypto ETF Targeting 5-15 Assets
T. Rowe Price has filed an S-1 with the SEC for the T. Rowe Price Active Crypto ETF, aiming to target 5-15 digital assets and outperform the FTSE Crypto US Listed Index. Trading would be on NYSE Arca if approved.
Holdings and Strategy
- The ETF includes BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE, LINK, BCH, HBAR, XLM, SHIB.
- Managers have the flexibility to adjust asset weights and modify holdings.
- An active strategy is employed to surpass the index performance.
Company Overview
- T. Rowe Price manages $1.77 trillion in assets.
- Founded in 1937, it ventured into ETFs in 2020.
- Dominic Rizzo advocates for long-term crypto investment.
Approval Process
- SEC is handling over 155 crypto ETP filings.
- A government shutdown may delay reviews.
- Polymarket predicts a 63% likelihood of decisions by November 15, 2025.