Overview
- The S-1 seeks approval for the T. Rowe Price Active Crypto ETF, an actively managed fund that aims to beat the FTSE Crypto US Listed Index.
- The portfolio would typically hold five to fifteen eligible digital assets, with Bitcoin and Ethereum expected to carry the largest weights.
- Holdings may include assets such as Solana, XRP, Dogecoin, Cardano, Avalanche, and others that meet exchange listing standards.
- The filing describes factor-driven selection and weighting, and shares are expected to list on NYSE Arca pending SEC approval.
- Analysts called the move a surprise and forecast a land rush for multi-asset crypto ETFs, while some reports disagree on whether the fund will hold tokens directly or primarily use crypto-linked instruments.