T. Rowe Price Files Updated Proposal for Active Crypto ETF

T. Rowe Price Traditional Finance Giant Move Toward Crypto ETF

T. Rowe Price, one of the great investment companies and a major asset manager with a $1.8 trillion asset for managing mutual funds and retirement accounts, has amended the registration statement for its proposed Active Crypto ETF.

The amendment was filed with the U.S. Securities and Exchange Commission (SEC). It is providing a prospectus which was submitted in October updating a detail about how fund raising that indicates actively managed funds for direct digital asset investment are emerging to offer exposure to cryptocurrencies (Bitcoin, Ethereum, Altcoins).

This amendment with SEC submitted on Monday which primarily states about 15 eligible tokens that may be considered for the portfolio, including Bitcoin, Ether, Solana, XRP, Avalanche and Shiba Inu.

The update filing adds new operational details. But it left the main structure of the fund intact.

The amendment also introduces additional operational details, including naming Anchorage Digital Bank as the fund’s custodian. The filing expands on how shares will be created and redeemed. While maintaining original structure it also adds Sui to the list of eligible tokens.

This proposal is unexpected for industry. T. Rowe has a long conservative history of focusing on safe and traditional investments like mutual funds. This makes its move into crypto unusual.

Traditional Finance Giants Move Toward Crypto ETFs

In October 2025, T. Rowe Price filed for an actively managed crypto ETF. A surprise move described as "left field" by NovaDius Wealth Management’s Nate Ger. Because the company has long focused on traditional mutual funds and has just stepped into the ETF market.

With the proposal, T Rowe joined an actively managed Active ETF. Aiming to invest in a diversified basket of digital assets including BlackRock, Fidelity, Franklin Templeton, VanEck and Invesco.

The original filing was submitted during a period of strong momentum in the digital assets market. Shortly after Bitcoin surged past the $120,000 mark. But was followed by a sharp downturn that led to massive liquidations in leveraged positions.

The October 10, 2025, crypto liquidation event was a historic market crash. That wiped out over billions in leveraged positions within 24 hours. Triggered by geopolitical news. Which triggered billions of dollars in forced liquidations across leveraged crypto derivatives positions.

After a turbulent five months, net inflows into digital asset ETFs has flipped positive in recent weeks.

Since then, digital asset prices have pulled back. And ETFs have experienced noticeable outflows. Reflecting cooling investor sentiment after the rally in 2024 and 2025.