T. Rowe Price updates SEC filing for active cryptocurrency exchange-traded fund
Updated regulatory documents designate Anchorage Digital Bank as custodian for crypto holdings and incorporate SUI among permissible digital tokens in the planned fund designed to provide direct exposure to digital currencies.
The $1.8 trillion asset management firm T. Rowe Price, widely recognized for its mutual fund and retirement account management services, has revised the registration documentation for its planned Active Crypto exchange-traded fund (ETF), modifying a prospectus originally filed in October that detailed intentions to launch an actively managed investment vehicle with direct digital currency holdings.
Filed with the US Securities and Exchange Commission (SEC) on Monday, the amended documentation identifies 15 permissible digital currencies that could potentially be included in the fund's holdings, featuring Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Avalanche (AVAX) and Shiba Inu (SHIB).
While the revised submission introduces fresh operational specifics, it preserves the fundamental framework of the planned investment product. The modification designates Anchorage Digital Bank as the custodian for the ETF's cryptocurrency holdings, broadens information regarding the process for share creation and redemption, and incorporates Sui (SUI) among the permissible digital currencies.
The roster of eligible assets remains substantially unchanged from the October submission, based on Cointelegraph's previous coverage. The initial proposal caught certain market analysts off guard at the time, considering T. Rowe Price's traditionally cautious approach concentrated on conventional investment vehicles like mutual funds throughout its history spanning nearly nine decades.
Additionally, the filing presents refreshed details concerning the FTSE Crypto US Listed Index, featuring component allocations as of January 2026, while also enhancing risk-related disclosures connected to portfolio turnover rates and the fund's active management approach.
TradFi asset managers embrace crypto ETFs
Last October, Nate Geraci, president of NovaDius Wealth Management, characterized T. Rowe Price's cryptocurrency ETF submission as emerging from "left field," citing the firm's enduring emphasis on conventional mutual fund products and its comparatively recent entrance into the ETF space.
Through this proposal, T. Rowe Price has aligned itself with an expanding roster of established financial institutions that have introduced cryptocurrency investment offerings, including BlackRock, Fidelity, Franklin Templeton, VanEck and Invesco.
The initial submission arrived during the cryptocurrency market's zenith, just after Bitcoin climbed beyond $120,000. The filing also occurred simultaneously with the Oct. 10 liquidation event, during which an abrupt market correction sparked billions of dollars in forced closures throughout leveraged cryptocurrency derivatives trades.
Following that period, digital currency valuations have declined, with cryptocurrency ETFs experiencing significant capital outflows, illustrating diminished investor enthusiasm following the market surge throughout 2024 and 2025.