Cardano Secures Institutional Backing as T. Rowe Price Files Multi-Asset ETF with ADA Inclusion

In a significant development for the cryptocurrency ETF landscape, NYSE Arca has formally submitted a filing to list the T. Rowe Price Active Crypto ETF, a regulated, actively-managed fund that includes Cardano (ADA) among its eligible assets. The filing, dated November 6, 2025, and now public in the SEC docket, enters a decision window of approximately 45 to 90 days. This marks one of the first instances where a legacy asset manager of T. Rowe Price's stature is positioning ADA inside a mainstream investment product designed for traditional markets.

The fund's mandate allows exposure to a multi-asset basket, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), HBAR, Chainlink (LINK), and Shiba Inu (SHIB), but ADA's inclusion is highlighted as a shift in institutional categorization of network-driven assets. "These ETPs are entirely collateralized and trade like ETFs on exchanges," stated Frederik Gregaard, CEO of the Cardano Foundation, in a separate interview, confirming that multiple ADA ETP filings are under U.S. regulatory review and could gain clarity within 30 days once regulators resume normal operations.

Gregaard emphasized that while these products are often mislabeled as ETFs, they are technically exchange-traded products (ETPs) fully backed by ADA, with existing availability in Europe and Asia demonstrating global institutional demand. The T. Rowe Price ETF's active management feature enables dynamic allocations based on risk-adjusted opportunity, potentially driving inflows tied to ADA's performance and ecosystem growth rather than mere market cap. This filing accelerates the transition from single-asset crypto ETFs to diversified, strategy-driven vehicles, underscoring a broader institutional maturation phase for the crypto sector.