T. Rowe Price pushes for an 'active crypto ETF'…to include Bitcoin, Dogecoin and others
Summary
- T. Rowe Price said it has filed an amended S-1 registration statement with the SEC to launch the active ETF, the “Price Active Crypto ETF.”
- It said the ETF will be run with the aim of outperforming the FTSE US Listed Crypto Index, selecting 5–15 major crypto assets such as Bitcoin, Ethereum, Solana, XRP, Dogecoin and Shiba Inu.
- It said Anchorage Digital Bank will serve as custodian, with the fund starting with cash-based creations/redemptions and later considering an in-kind mechanism and additional returns via blockchain staking.
Forecast Trend Report by Period
Global asset manager T. Rowe Price is moving to launch an active ETF that invests in a range of virtual assets (cryptocurrencies).
According to CoinDesk on the 17th (local time), T. Rowe Price recently filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the “Price Active Crypto ETF.” The ETF is structured to diversify across major crypto assets including Bitcoin (BTC) and Ethereum (ETH), as well as Solana (SOL), XRP (XRP), Dogecoin (DOGE) and Shiba Inu (SHIB).
However, rather than holding all assets at once, the ETF is expected to adopt an active strategy that typically selects and manages 5–15 names. The portfolio will be adjusted based on a quantitative model that reflects fundamentals, valuations and market momentum, aiming to outperform the FTSE US Listed Crypto Index.
Custody will be handled by Anchorage Digital Bank. It will initially operate using a cash-based creation and redemption process, while leaving open the possibility of adopting an in-kind approach later.
The ETF is also considering generating additional returns through staking on certain blockchain networks, though this will be determined later in light of the regulatory environment and tax issues.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
