T. Rowe Price files for actively managed multi-currency crypto asset ETF

Huoxun Finance reported on March 16th that, according to a filing with the U.S. Securities and Exchange Commission (SEC), T. Rowe Price's T. Rowe Price Active Crypto ETF has submitted a revised S-1 registration statement to the SEC, intending to list on the NYSE Arca. The ticker symbol has not yet been disclosed. This fund is an actively managed ETP that aims to achieve long-term capital appreciation by investing in a variety of crypto assets with "compliant commodity attributes." The benchmark is the FTSE Crypto US Listed Index, and the fund plans to hold approximately 5-15 assets. The current list of eligible assets includes BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE, HBAR, BCH, LINK, XLM, SHIB, SUI, and USDC. The fund only trades in the spot market, does not use leverage or derivatives, and employs a cash redemption mechanism. The management fee is yet to be determined. The product structure does not fall under the Speculation Company Act and is not considered a commodity fund regulated by the CFTC.