T. Rowe Price, a global investment management firm overseeing $1.8 trillion in assets, has filed a second amendment to its S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for its proposed T. Rowe Price Active Crypto ETF. The fund, which will trade under the ticker TKNZ on the NYSE Arca, is actively managed and marks a significant regulatory milestone for the Shiba Inu (SHIB) token.
The updated filing explicitly lists Shiba Inu as an eligible asset for the fund's portfolio, placing it alongside major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), Litecoin (LTC), and Dogecoin (DOGE). This inclusion represents the first instance of SHIB being named in official U.S. regulatory filings for an exchange-traded fund from a major, traditional asset manager.
The fund will employ an active investment strategy, holding between five and fifteen cryptocurrencies at any given time. T. Rowe Price analysts will adjust allocations based on market data, valuation signals, price trends, and liquidity factors. This means SHIB may enter or exit the portfolio dynamically, and its allocation may vary or remain limited. The firm stated the portfolio "will not hold all listed assets at the same time."
Operational details confirm that Anchorage Digital Bank will serve as the custodian for the fund's digital asset holdings, while CSC Delaware Trust Company will act as trustee. The ETF will initially use a cash creation and redemption model, with the possibility of introducing in-kind redemptions in the future, pending regulatory guidance. The filing also notes the potential for staking selected assets, contingent on regulatory clarity and tax considerations.
Although not a standalone spot ETF for Shiba Inu, its inclusion in this multi-asset strategy could pave the way for increased institutional exposure. The fund's structure would allow large investors to gain exposure to SHIB through ordinary brokerage accounts. The SEC has not yet approved the filing, and no launch date or expense ratio has been disclosed. The registration remains subject to regulatory review.
