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- T. Rowe Price has filed with the SEC to launch an actively managed cryptocurrency ETF that invests in Bitcoin, Ethereum, Solana, and other major digital assets.
- The ETF aims to outperform the FTSE Crypto U.S. Listed Index and may include staking once regulatory approval is obtained.
Rowe Price, an asset management firm with $1.77 trillion in assets under management, has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to launch its first actively managed cryptocurrency exchange-traded fund (ETF).
The proposed fund will comprise between five and fifteen digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), Shiba Inu (SHIB), and Litecoin (LTC).
The ETF will trade on NYSE Arca under a yet-to-be-announced ticker symbol to outperform the FTSE Crypto U.S. Listed Index. T. Rowe Price’s move reflects growing institutional confidence in digital assets, driven by increasing regulatory clarity and rising investor demand.
The filing goes on to highlight compliance with SEC regulations by only including “eligible assets.” The fund will also have a liquidity buffer in cash, stablecoins, and short-term instruments to maintain operational flexibility.
Potential Staking Inclusion
According to the filing, T. Rowe Price Sponsor LLC will be the ETF’s manager, and CSC Delaware Trust Company will act as the trustee. T. Rowe Price Associates will provide accounting and reporting services.
The framework is structured to ensure compliance and transparency, addressing the regulatory challenges that other crypto projects have encountered in the past.
The company also teased the prospect of adding staking if regulators give them explicit guidance. If allowed, the ETF could stake some of its assets to generate additional income while supporting the blockchain’s functioning.
Traditional Finance Expands Its Crypto Footprint
The decision places T. Rowe Price in line with other established financial players, such as BlackRock, Fidelity, and Grayscale, which have collectively attracted more than $150 billion in Bitcoin ETF inflows. Ethereum ETFs have also quickly adopted this trend, with approximately $23 billion in assets under management within months of their approval. ProShares, as well as VanEck, have also joined the sector and have applied for diversified crypto funds that hold multiple tokens.
Nate Geraci, president of The ETF Store, said T. Rowe Price’s entry was a “tipping point event,” adding, “legacy asset managers are scrambling to figure out how to execute some semblance of a crypto strategy.” He added that for T. Rowe Price, which only started selling ETFs in 2020, this represents a huge leap forward in terms of mainstream crypto adoption.
Bloomberg ETF analyst Eric Balchunas recently reported that there are now 155 crypto ETP filings for 35 different digital assets, a figure that could increase to more than 200 by next year. However, the ongoing U.S. government shutdown has resulted in SEC reviews being delayed for several applications for altcoin ETFs, leaving what could have been a great momentum driver for the overall market on hold, at least for now.
There’s now 155 crypto ETP filings tracking 35 different digital assets. Could easily end up seeing over 200 hit mkt in next 12mo. Total land rush. Here’s the list by coin, amazing work from @JSeyff pic.twitter.com/dKyiySxn0H
— Eric Balchunas (@EricBalchunas) October 21, 2025
Despite these delays, analysts believe that once operations resume, the SEC will likely prioritize clearing the backlog, potentially approving multiple multi-asset funds in quick succession.
