Self-Regulatory Organizations; NYSE Arca, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the T. Rowe Price Active Crypto ETF under NYSE Arca Rule 8.201-E (Non-Generic) Commodity-Based Trust Shares
Published Date: 2/2/2026
Notice
Summary
The SEC is deciding whether to approve the NYSE Arca’s plan to list and trade shares of the T. Rowe Price Active Crypto ETF, a new fund focused on cryptocurrencies. This affects investors interested in crypto ETFs and could open up fresh trading options soon. The SEC will make its decision by February 26, 2026, which could impact how and when these shares become available to the public.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
SEC Is Reviewing a New Crypto ETF
The SEC has instituted proceedings to decide whether to approve or disapprove NYSE Arca’s proposed listing of the T. Rowe Price Active Crypto ETF and will make that determination by February 26, 2026. If approved, the Fund’s shares would be listed and tradable on NYSE Arca under Rule 8.201-E (Commodity-Based Trust Shares).
Fund Will Hold Specific Crypto Assets
The Fund is an actively managed exchange-traded product that is expected to hold between five and fifteen crypto assets that meet the Fund’s "Eligible Assets" criteria; the filing lists 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), and Shiba Inu (SHIB) as assets the Sponsor considers Eligible. The Fund may also hold cash, cash equivalents, and stablecoins that meet the filing’s 1:1 reserved stablecoin criteria.
Daily NAV and 10,000-Share Cash Creation
The Fund’s administrator will calculate net asset value (NAV) once each business day as of the Exchange close or 4:00 p.m. ET, and the Fund will create and redeem shares with authorized participants in blocks of 10,000 Shares in exchange for cash. The administrator values crypto assets and stablecoins using a reference rate determined by the administrator.
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