T. Rowe Price Files for First Active Crypto ETF with Major Holdings
- T. Rowe Price has filed for the T. Rowe Price Active Crypto ETF, targeting leading digital assets like Bitcoin (BTC) and Ethereum (ETH).
- The ETF aims to outperform the FTSE Crypto U.S. Listed Index, which tracks the ten largest cryptocurrencies by market cap.
- It will trade on NYSE Arca and can hold between five and fifteen crypto assets based on market conditions.
- Primary holdings include BTC, ETH, Solana (SOL), and XRP, with potential additions from Cardano (ADA) and others.
- The fund will utilize stablecoins like USDC for operational flexibility and liquidity management.
This filing marks T. Rowe Price’s entry into the cryptocurrency investment space, reflecting a growing interest in actively managed crypto products among traditional financial institutions.
With $1.68 trillion in assets under management, T. Rowe Price’s move to establish an active crypto ETF highlights the evolving landscape of institutional investment in digital assets.
