T. Rowe Price amends S-1 for actively managed crypto ETF

The $1.8 trillion asset manager — yeah, the mutual fund giant — just amended its S-1 registration for an actively managed crypto ETF. This isn't your grandma's index fund; they're going for direct digital asset exposure with a portfolio manager calling the shots.

The updated filing, submitted Monday, names Anchorage Digital Bank as the crypto custodian (security first, always) and adds Sui (SUI) to the list of eligible tokens. The portfolio can now hold up to 15 digital assets including BTC, ETH, SOL, XRP, AVAX, and even SHIB — because why not?

This move surprised industry watchers back in October when T. Rowe Price first filed — coming from a firm with nearly 90 years of traditional finance DNA. Nate Geraci of NovaDius Wealth Management called it "out of left field" at the time.

T. Rowe Price joins the growing roster of traditional finance heavyweights diving into crypto ETFs: BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco are already in the game. The original filing dropped near the market peak when Bitcoin was above $120K, right before the October 10 liquidation event that wiped billions in leveraged positions.

Since then, crypto prices have cooled and ETF flows have seen notable outflows — but T. Rowe Price is still pushing forward with updated operational details and expanded risk disclosures about their active trading strategy.

The filing also includes updated FTSE Crypto US Listed Index constituent weights as of January 2026 and more detailed disclosures about share creation/redemption mechanics. Because when you're managing $1.8 trillion, you don't skip the fine print.