T. Rowe Price Files for Actively Managed Crypto ETF, Surprising Analysts
Quick Breakdown
- T. Rowe Price has filed with the SEC to launch an actively managed crypto ETF holding 5–15 major cryptocurrencies.
- The move marks a significant shift from its mutual fund-dominated portfolio and conservative stance.
- Analysts say the filing shows legacy firms are racing to secure a foothold in the booming digital asset ETF market.
T. Rowe price makes nold entry into Crypto ETF market
In a surprising twist, trillion-dollar asset manager T. Rowe Price has filed to launch an actively managed cryptocurrency exchange-traded fund (ETF) in the United States. The move marks a dramatic pivot for the 87-year-old investment firm, which has traditionally focused on mutual funds and remained cautious toward digital assets .
Source:
U.S SEC
The filing , submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, outlines plans for an “Active Crypto ETF” that will invest in five to fifteen cryptocurrencies approved under the SEC’s generic listing standards. Eligible assets include Bitcoin (BTC), Ether (ETH), Solana (SOL), and XRP, among others.
The filing has drawn strong reactions from industry observers. Nate Geraci, President of NovaDius Wealth Management, described the move as “completely from left field,” suggesting that traditional investment giants that missed the first wave of crypto ETFs are now racing to establish their positions.
Similarly, Bloomberg ETF analyst Eric Balchunas labeled the filing a “semi-shock,” noting that T. Rowe Price’s $1.8 trillion portfolio has long been centered around mutual funds. “Did not expect it, but I get it. There’s gonna be a land rush for this space too,” he said.
Active management and broader token exposure
Unlike single-asset ETF applications currently awaiting SEC approval, T. Rowe’s proposed fund aims to outperform the FTSE Crypto US Listed Index. Its asset weighting will be determined by fundamentals, valuation, and momentum rather than purely by market capitalization.
Other cryptocurrencies considered for inclusion include Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Dogecoin (DOGE), Hedera (HBAR), Bitcoin Cash (BCH), Chainlink (LINK), Stellar (XLM), and Shiba Inu (SHIB).
The fund’s diversified approach could give investors broader exposure to the crypto market without concentrating risk in a single token.
Notably, The U.S. SEC) is set to rule on 16 cryptocurrency exchange-traded fund (ETF) applications in October. The pending decisions cover major tokens such as Solana (SOL), XRP, Litecoin (LTC), Cardano (ADA), Hedera (HBAR), and Dogecoin (DOGE), with final deadlines staggered across the month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Major Institutions Make Bold Moves Amid Crypto’s Volatile Shifts Between Optimism and Uncertainty
- Bitcoin and Ethereum faced sharp corrections below $110,000 and $3,900 amid geopolitical tensions and $19B liquidations triggered by Trump's tariff announcements. - Institutional buyers like BitMine ($250M ETH purchase) and MicroStrategy (168 BTC) signaled long-term crypto confidence despite market volatility. - Capital rotated from gold to crypto as Bitcoin surged past $113,000, fueled by Fed's "skinny master account" program and potential gold-to-crypto asset shifts. - U.S. spot Bitcoin ETFs recorded $

Bitcoin News Update: Cryptocurrency's Unsteady Recovery: Federal Reserve Indications, $5.9 Billion Expiration, and Global Political Uncertainties
- Bitcoin's $108,000 level reflects fragile gains amid Fed crypto payment plans and Canada's 2.4% inflation data, though structural risks like $5.9B expiring options persist. - Institutional demand drives $20.33M Bitcoin ETF inflows led by BlackRock, contrasting with Ethereum's $128M outflows as investors hedge ahead of key economic data. - Market fragility evident in 23% Bitcoin futures open interest drop and $12.98B liquidation risk, compounded by U.S.-China tensions and Middle East conflicts. - Analysts

XRP News Today: Ripple Quietly Acquires Hidden Road: A Regulatory Gateway for Banks to Enter Blockchain
- Ripple acquires Hidden Road to integrate prime brokerage services, expanding its blockchain infrastructure for institutional finance. - The deal follows a partnership with BNY Mellon managing RLUSD, now valued at $898M, enabling stablecoin-driven cross-border solutions. - Critics question Ripple's regulatory viability, but the company defends its approach by aligning with traditional banks' digital asset strategies. - Ripple's pursuit of a U.S. bank charter and strategic acquisitions aims to bridge legac

Thai Authorities Crack Down on Unauthorized Crypto Operations, Balancing Innovation and Regulatory Compliance
- Thai regulators raided World's iris-scanning site, citing unlicensed WLD token exchanges under the 2018 Digital Asset Emergency Decree. - The SEC arrested suspects and warned of penalties including imprisonment for operating without crypto licensing compliance. - Thailand's 18-month crypto-to-baht pilot aims to boost tourism revenue while enforcing anti-money laundering protocols. - Global scrutiny of World's biometric data practices persists in Germany, Indonesia, and Brazil amid regulatory fragmentatio

