T. Rowe Price, the $1.8 trillion asset management company best known for managing mutual funds and retirement accounts, has amended the registration statement for its proposed active crypto exchange-traded fund (ETF), updating the prospectus first filed in October outlining plans for an actively managed fund to invest directly in digital assets.
The proposed amendments to the U.S. Securities and Exchange Commission (SEC) were filed on Monday and list 15 eligible digital assets that may be considered for portfolios. $XRP ($XRP), Avalanche (AVAX), Shiba Inu (SHIB).
The updated application adds new operational details, but the core structure of the proposed fund remains in place. The proposed amendments would name Anchorage Digital Bank as the ETF’s crypto asset custodian, expand disclosures regarding the creation and redemption of shares, and add Sui (SUI) to the list of eligible digital assets.
T. Rowe Price Form S-1 Amendment. Source: SEC
As previously reported by Cointelegraph, the asset list is largely consistent with the October filing. The proposal surprised some industry observers at the time, given T. Rowe Price’s historical focus on traditional investment products such as mutual funds during its nearly 90-year history.
It also provides updated information on the FTSE Crypto US Listed Index, including constituent weights as of January 2026, and expands risk disclosures related to portfolio turnover and the fund’s active trading strategy.
Related: SEC’s “crypto mom” calls for simplification of disclosure rules, sparking tokenization debate
TradFi Asset Manager Adopts Crypto ETFs
Nate Geraci, president of Novadius Wealth Management, said in October that T. Rowe Price’s crypto ETF application came out of “left field,” given the company’s long-standing focus on traditional mutual funds and its relatively recent entry into the ETF market.
With this offer, T. Rowe Price joins a growing list of traditional financial institutions that have launched cryptocurrency investment products, including BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco.
The first filing came near the peak of the cryptocurrency market, shortly after Bitcoin soared above $120,000. This also coincided with the October 10 liquidation event, where a sharp market reversal triggered billions of dollars in forced liquidations across leveraged crypto derivatives positions.
After a turbulent five months, net inflows into crypto ETFs have turned positive in recent weeks. sauce: coin glass
Since then, digital asset prices have fallen, and crypto ETFs have recorded notable outflows, reflecting the cooling in investor sentiment after the rally in 2024 and 2025.
Related: Bernstein says Bitcoin’s rally reflects the resilience of long-term holders
