The U.S. SEC has approved T. Rowe Price's actively managed cryptocurrency ETF for listing, covering BTC, ETH, and various mainstream altcoins

BlockBeats News, June 14th, according to a filing from the U.S. Securities and Exchange Commission (SEC), the SEC has formally approved NYSE Arca's proposed rule change to allow the listing and trading of the T. Rowe Price Active Crypto ETF.

The fund is an actively managed cryptocurrency ETF that will invest in a basket of digital assets that meet the criteria for "eligible assets," with a cryptocurrency index as its benchmark but without tracking the index. The filing indicates that the fund is expected to hold approximately 5 to 15 different cryptocurrencies, covering major tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Polkadot (DOT), Dogecoin (DOGE), Chainlink (LINK), among others.

The SEC filing also disclosed that the fund may hold stablecoins (primarily USDC) as "tokenized cash" under normal circumstances for expense payments and asset reallocation, but not as part of its investment allocations.

The approval filing emphasizes that the product must comply with the exchange's rules regarding anti-manipulation, disclosure, liquidity, and risk control, and must have information barriers (firewalls) and position transparency mechanisms in place to ensure market fairness and prevent insider trading.

Analysts believe that the approval of this ETF further expands the product offerings of cryptocurrency within the traditional financial system, signaling the emergence of "actively managed multi-coin cryptocurrency ETFs" as tradable products within mainstream regulatory frameworks.