T. Rowe Price Wants to Put Dogecoin and Shiba Inu in a New Crypto ETF

TLDR

• T. Rowe Price amended its S-1 filing with the SEC for a planned actively managed crypto ETF
• The fund could hold between 5 and 15 cryptocurrencies at a time, chosen by quantitative models
• Anchorage Digital Bank was named as the crypto custodian in the updated filing
• Sui was added to the eligible asset list, which now includes 15 tokens such as Bitcoin, Ether, Dogecoin, and Shiba Inu
• The fund aims to outperform the FTSE US Listed Crypto Index and may explore staking in the future

T. Rowe Price, the asset management firm with $1.8 trillion under management, has filed an updated registration statement with the US Securities and Exchange Commission for its proposed Price Active Crypto ETF.

The amended S-1 was submitted Monday and builds on an original filing from October 2025. The fund is designed to give investors actively managed exposure to digital assets through a traditional brokerage account.

The filing lists 15 cryptocurrencies that the fund could hold, including Bitcoin, Ether, Solana, XRP, Dogecoin, Shiba Inu, Chainlink, and Sui. Sui is a new addition that was not in the original October filing.

The ETF will not hold all 15 tokens at once. Under normal conditions, the fund plans to maintain between five and fifteen crypto assets at a time.

Portfolio decisions will be guided by quantitative models that look at fundamentals, valuation, and market momentum. The goal is to outperform the FTSE US Listed Crypto Index.

The updated filing names Anchorage Digital Bank as the fund’s crypto custodian. The bank will be responsible for safeguarding the digital tokens held in the ETF.

How the Fund Would Work

For now, investors would create or redeem shares using cash, not by transferring cryptocurrency directly. The filing says this structure could change in the future to allow in-kind transactions.

The filing also raises the possibility of staking, where tokens are locked up to help secure a blockchain network in return for rewards. T. Rowe Price said staking could be considered based on tax treatment and regulatory guidance.

T. Rowe Price has been managing money for nearly 87 years and is considered one of the top 25 asset managers in the world. The firm is better known for mutual funds and retirement accounts than for crypto products.

The original October filing surprised some industry observers. NovaDius Wealth Management president Nate Geraci said at the time it came out of “left field” given T. Rowe Price’s traditional focus.

Major Asset Managers Moving Into Crypto

T. Rowe Price joins a list of traditional financial institutions that have entered the crypto ETF space. BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco have all launched crypto investment products.

The original filing was submitted near what was then a peak in the crypto market, shortly after Bitcoin crossed $120,000. It came on the same day as a major liquidation event in leveraged crypto derivatives.

Since then, digital asset prices have fallen and crypto ETFs saw outflows for several months. Net inflows into crypto ETFs have turned positive again in recent weeks, according to data from CoinGlass.

The amended filing adds updated data on the FTSE Crypto US Listed Index, including constituent weights as of January 2026.

It also expands risk disclosures related to portfolio turnover and the fund’s active trading strategy.

No approval date from the SEC has been announced.

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