T. Rowe Price is ready to put dogecoin, shiba inu among tokens in its new crypto ETF

The amended SEC filing details the assets, custody arrangements and potential staking plans for the actively managed crypto fund.

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What to know:

• T. Rowe Price filed an amended S-1 for its Price Active Crypto ETF which it first filed for in October.
• The new filing details an actively managed fund that aims to give investors exposure to a range of digital assets, custodied by Anchorage Digital Bank.
• The ETF may invest in a rotating mix of five to 15 cryptocurrencies from a broad list including bitcoin, ether, solana and others, using quantitative models to try to outperform the FTSE US Listed Crypto Index.

T. Rowe Price has filed to hold a broad set of digital assets in its new exchange-traded fund (ETF), including bitcoin, ether, dogecoin, and shiba inu.

The asset manager, which has $1.8 trillion in assets under management, filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), offering new details about its planned Price Active Crypto ETF, a fund designed to give investors actively managed exposure to digital assets.

The updated filing, submitted Monday, expands on the company’s original October application and outlines the cryptocurrencies the fund may invest in, along with details on custody, trading structure, and potential staking activity.

According to the document, the ETF could hold several digital assets, including bitcoin BTC$73,975.26, ether (ETH), solana (SOL), XRP (XRP), ADA$0.2872, avalanche (AVAX), LTC$58.39, DOT$1.6050, DOGE$0.1017, hedera (HBAR), BCH$478.93, chainlink LINK$9.9453, stellar lumen (XLM), shiba inu (SHIB), and SUI$1.0573.

Despite that wide universe, the fund will not hold all of those assets at once. Under normal circumstances, the ETF plans to maintain between five and fifteen crypto assets at a time, using an active management strategy rather than tracking a single token or passively following a benchmark. The portfolio will be rebalanced using quantitative models that incorporate fundamentals, valuation, and market momentum, with the goal of outperforming the FTSE US Listed Crypto Index, the filing said.

The amended filing also confirmed that Anchorage Digital Bank N.A. will serve as the fund’s crypto asset custodian, responsible for safeguarding the digital tokens held by the ETF.

For now, the fund will use a cash subscription and redemption model, meaning investors would create or redeem ETF shares using cash rather than transferring cryptocurrency directly. The filing notes that the structure could evolve to allow in-kind transactions in the future, a model some crypto ETFs use to exchange shares for the underlying digital assets.

Another notable addition in the filing is the possibility that the fund could participate in staking, a process used by some blockchains where token holders lock up assets to help secure the network in exchange for rewards.

T. Rowe Price said staking could be pursued in the future depending on risk considerations, tax treatment and regulatory guidance.

The filing marks another step by the 87-year-old investment firm, which is one of the top 25 asset management firms, toward entering the digital asset market.

If approved, the product would join a growing list of crypto investment vehicles designed to give investors exposure to the sector through traditional brokerage accounts.

The fund’s active approach could set it apart from the wave of spot bitcoin ETFs launched in the U.S. in 2024, allowing managers more flexibility to shift holdings as crypto markets evolve.

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Ether surges 10%, leading crypto rebound as ETF demand, Bitmine buying pick up

Fresh ETF inflows, digital asset treasury buying and a shift away from bitcoin to altcoins are helping lift the second-largest cryptocurrency.

What to know:

• Ethereum's ether (ETH) surged 10% to a six-week high above $2,300, outperforming both bitcoin and the broader crypto market.
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• Analysts say ETH's breakout versus bitcoin could signal a broader rotation into altcoins, though macro risks continue to linger.

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BTCBTC$73,975.26◢3.38%

ADAADA$0.2878◢9.11%

LTCLTC$58.39◢5.69%