- The filing shows the fund will be actively managed, targeting the top ten US-listed cryptocurrencies and aiming to outperform the FTSE Crypto US Listed Index
- Analysts see this as a big move by a traditionally conservative firm, which again signals that established financial giants are now seriously moving into the cryptocurrency market
- Currently, 155 crypto ETF applications are awaiting SEC action, with expectations exceeding 200 filings by year-end
T. Rowe Price (TROW), the US asset manager overseeing roughly $1.77 trillion in assets, has filed an S-1 registration statement with the SEC to launch the “T. Rowe Price Active Crypto ETF.”
The prospectus shows that the fund will be actively managed, targeting the top ten US-listed cryptocurrencies and aiming to outperform the FTSE Crypto US Listed Index.
So far, nothing else has been reported, and everyone is awaiting the SEC’s decision now.
Why an Active Crypto ETF Matters
Analysts see this as a big move by a traditionally conservative firm, which again signals that established financial giants are now seriously moving into the cryptocurrency market.
Unlike earlier funds that simply mirrored the market, this new structure is actively managed. It means the fund’s managers can make strategic decisions, such as shifting investments between different cryptocurrencies and choosing specific assets they believe will perform well.
Why this fits the current iIndustry momentum and the ETF boom
Earlier this year, in August, the SEC’s Division of Corporation Finance indicated that certain liquid-staking tokens may not qualify as securities under specific circumstances, which helped open the door for new crypto-related investment funds to be developed.
SEC also approved generic listing standards for commodity-based ETFs last month. The change reduces hurdles for crypto funds, shifting from case-by-case reviews to a faster path for qualifying products.
Also, a few days ago, other major players like VanEck filed for a staking-based ETH ETF (“VanEck Lido Staked ETH ETF”) referencing stETH.
Related: VanEck Files for a Lido Staked ETH ETF, Seeking Regulated Exposure to stETH
Currently, 155 crypto ETF applications are awaiting SEC action, with expectations exceeding 200 filings by year-end. Interestingly, Soana (SOL) leads the pack with 23 spot SOL ETFs.
Speaking of ETFs, they are gaining traction in Asia too. For instance, the Hong Kong Securities and Futures Commission approved China AMC’s Solana ETF on October 22, marking a key milestone in Asia for regulated crypto funds.
It’s no secret that a major shift is underway as big players in crypto join forces. One more recent example comes from crypto trading firm FalconX, where it agreed to acquire ETF issuer 21Shares.
Taken together, these moves point to a major change – cryptocurrency is increasingly being structured into familiar, regulated financial products that are designed for everyone, from large funds to individual investors.
Related: 21Shares Files INJ ETF as Injective Joins Elite Group With Multiple ETF Bids
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