NYSE Arca Eyes T. Rowe Price Crypto ETF for Trading Debut
Published Date: 11/28/2025
Notice
Summary
NYSE Arca wants to start trading shares of the new T. Rowe Price Active Crypto ETF, a fund focused on crypto investments. This change affects investors looking for fresh ways to invest in crypto through the stock market, with trading expected to begin soon after SEC approval. It’s a cool new option that could shake up crypto investing with easy access and potential growth.
Analyzed Economic Effects
4 provisions identified: 3 benefits, 0 costs, 1 mixed.
NYSE Arca Filing to List Crypto ETF
NYSE Arca filed on November 6, 2025 to list and trade the T. Rowe Price Active Crypto ETF under NYSE Arca Rule 8.201-E. The Fund filed a Form S-1 on October 22, 2025, and the Shares will not trade until that registration statement is declared effective.
ETF Gives Exposure to Specific Cryptocurrencies
The Fund will hold only Eligible Assets and, as of the filing date, the Sponsor considers these Eligible Assets to include: 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). Under normal circumstances the Fund is expected to hold between five and 15 crypto assets.
Staking Could Add Rewards and Liquidity Risk
The Sponsor may stake a portion of the Fund's crypto assets through trusted staking providers and the Fund would receive staking rewards that may be treated as income for tax purposes. If on any day less than 85% of the Fund's crypto assets are readily available due to staking or other restrictions, the Fund must have written liquidity risk policies (reviewed at least annually) to address potential redemption problems.
Daily NAV and Reference Rate Valuation
The Fund's Administrator will calculate the Fund's net asset value (NAV) once each Business Day as of the close of trading on the Exchange or 4:00 p.m. Eastern Time, whichever is earlier. Each crypto asset's price will be based on a Reference Rate aggregated from Relevant Transactions during an observation window between 3:00 p.m. and 4:00 p.m. ET, and the Administrator may fair value holdings if Reference Rates are unavailable or unreliable.
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