The SEC approved NYSE Arca’s proposal to list and trade shares of the T. Rowe Price Active Crypto ETF, placing $BTC, $ETH, $XRP, $SOL, $DOGE, and $XLM among eligible assets. The actively managed fund may hold five to 15 crypto assets, with $USDC allowed for operational use.
Key Takeaways:
- The SEC cleared an active crypto ETF tied to several major digital assets.
- Eligible assets include $BTC, $ETH, $XRP, $SOL, $DOGE, $ADA, $AVAX, and others.
- Exchange rules require daily transparency, trading safeguards, and broker-dealer firewalls.
SEC Approval Names $BTC, $ETH, $XRP, $SOL, $DOGE, and $XLM Among Eligible Assets
The U.S. Securities and Exchange Commission (SEC) approved NYSE Arca Inc.’s proposal, as modified by Amendment No. 2, to list and trade shares of the T. Rowe Price Active Crypto ETF, according to a June 12, 2026, order. The exchange-traded fund (ETF) will use an active strategy to invest in eligible crypto assets.
NYSE Arca filed the proposed rule change on Nov. 6, 2025, and the SEC published it for comment later that month. The approval covers the fund’s active strategy, eligible crypto assets, payment stablecoin use, portfolio transparency, and exchange trading protections.
The SEC stated that as of the date of the filing of Amendment No. 2:
“The sponsor considers the following to be eligible assets: bitcoin ( $BTC), ether ( $ETH), $SOL ( $SOL), $XRP ( $XRP), $ADA ( $ADA), $AVAX ($AVAX), litecoin ( LTC), $DOT ($DOT), dogecoin ($DOGE), $HBAR ($HBAR), bitcoin cash ( BCH), $LINK ($LINK), lumen ( $XLM), shiba inu ( SHIB), and sui (SUI).”
Crypto holdings must come from the sponsor’s eligible assets list. The fund normally expects to hold five to 15 eligible assets, though holdings may move above or below that range.
Fund assets may also include cash, cash equivalents, and stablecoins, with $USDC identified for operational use. The order states $USDC may support expenses, crypto purchases, and trading efficiency, but not investment purposes or principal holdings.
Active Crypto ETF Uses Benchmark Without Tracking One
The fund seeks long-term capital growth through crypto asset investments and will use the FTSE Crypto US Listed Index as a performance benchmark. Its active structure means the sponsor can select and weight holdings from the available crypto asset pool, rather than replicate a single asset price or index portfolio.
Generic listing standards approved in 2025 created a faster route for qualifying commodity-based trust shares, including some crypto asset exchange-traded products. Those standards allow exchanges to list eligible products without filing a separate rule change for each one, if the product meets preset exchange conditions.
This proposal required a separate SEC order because the generic listing framework does not cover all fund features. The order addresses active management, payment stablecoin use, daily portfolio transparency, information-sharing rules, and other exchange trading conditions.
The SEC wrote:
“This order approves the proposal.”
The sponsor, T. Rowe Price Sponsor LLC, will manage the fund’s investment strategy. The fund is organized as a Delaware statutory trust, with CSC Delaware Trust Company as trustee, and will use a custodian for crypto asset and stablecoin holdings.
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