T. Rowe Price Files for Active Crypto ETF Targeting FTSE Index Outperformance

Key TakeawaysT. Rowe Price has filed for a new cryptocurrency exchange-traded fund (ETF) with the U.S. SEC.The “T. Rowe Price Active Crypto ETF” aims to outperform the FTSE U.S. Listed Cryptocurrency Index, which tracks the top 10 crypto assets by market capitalization.The filing marks T. Rowe’s latest step toward expanding its exposure to digital assets through regulated investment products.T. Rowe Price Expands into Digital Asset ETFsAccording to ChainCatcher, U.S.-based asset management giant T. Rowe Price has officially submitted an application to launch a cryptocurrency ETF named the T. Rowe Price Active Crypto ETF.The actively managed fund seeks to outperform the FTSE U.S. Listed Cryptocurrency Index, an index comprising the top 10 cryptocurrencies by market capitalization that comply with SEC listing standards.The proposed ETF will give investors regulated exposure to the broader crypto market while leveraging active management strategies to enhance returns relative to passive benchmarks.Institutional Demand for Crypto ETFs Continues to RiseThe move underscores the growing institutional demand for crypto-focused ETFs amid increased regulatory clarity and the success of spot Bitcoin and Ether ETFs earlier this year.T. Rowe joins other major asset managers — including BlackRock, Fidelity, and Franklin Templeton — in expanding into digital asset investment vehicles designed for both retail and institutional clients.If approved, the T. Rowe Price Active Crypto ETF could become one of the first actively managed crypto ETFs in the U.S., highlighting a new phase of competition among traditional financial giants entering the crypto space.