March 17, 2026 — T. Rowe Price has submitted an amended registration statement with the U.S. Securities and Exchange Commission for its proposed actively managed cryptocurrency exchange-traded fund. The updated filing names a crypto custodian and expands the list of eligible digital assets for the fund.
Updated ETF Proposal Details
The asset management firm filed the amended Form S-1 on Monday. It designates Anchorage Digital Bank as the crypto custodian for the proposed ETF. This operational detail was absent from the initial filing submitted in October.
According to the SEC document, the fund would provide direct exposure to a basket of digital assets. The amendment adds Sui (SUI) to the list of tokens eligible for inclusion. The updated roster now contains 15 cryptocurrencies.
Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP, Avalanche (AVAX), and Shiba Inu (SHIB) remain on the list. The core structure of the actively managed fund is unchanged from the original proposal.
Expanded Disclosures and Market Context
The filing provides more information about share creation and redemption processes. It also expands risk disclosures related to the fund’s active trading strategy and potential portfolio turnover.
Updated data on the FTSE Crypto US Listed Index is included, showing constituent weights as of January 2026. The amendment arrives after a period of notable outflows from crypto ETFs earlier this year, following substantial rallies in 2024 and 2025.
T. Rowe Price manages approximately $1.8 trillion in assets. The firm is historically known for mutual funds and retirement accounts. Its original crypto ETF filing in October surprised some industry observers given its traditional focus.
Traditional Finance Embraces Crypto
With this proposal, T. Rowe Price joins several major traditional asset managers that have launched crypto investment products. BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco have all entered the space.
The original filing was submitted near a market peak when Bitcoin traded above $120,000. It also coincided with a significant liquidation event on October 10, when a sharp market reversal triggered billions in forced liquidations of leveraged crypto derivatives.
Market data from CoinGlass indicates net inflows into crypto ETFs have turned positive in recent weeks after a turbulent period. The SEC has not yet approved the T. Rowe Price application.
Regulatory Pathway and Next Steps
The amended S-1 filing represents a procedural step in the SEC review process. Actively managed ETFs face a different regulatory pathway than the spot Bitcoin ETFs approved in early 2024. These funds do not track an index but rely on portfolio managers’ investment decisions.
Industry analysts note that naming a qualified custodian is a critical requirement for SEC approval. Anchorage Digital Bank holds a federal charter from the Office of the Comptroller of the Currency.
The SEC will review the amended filing. The commission may request additional information or clarifications before making a final decision. No timeline for a potential approval has been disclosed.
Investors can monitor the status of the filing through the SEC’s EDGAR database.
Updated insights and analysis added for better clarity.
This article was produced with AI assistance and reviewed by our editorial team for accuracy and quality.
