T. Rowe Price has taken another step toward launching its Price Active Crypto ETF, filing its second amendment for the upcoming product expected to feature Shiba Inu and other major tokens. The move signals growing institutional interest in diversifying beyond Bitcoin and Ethereum into emerging altcoins.
T. Rowe Price Files Updated ETF Amendment Featuring SHIB and Broad Altcoin Basket
The $1.8 trillion investment manager T. Rowe Price has filed a second amendment to its Active Crypto ETF with the U.S. SEC, outlining plans to track multiple assets, including Shiba Inu, Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), Hedera (HBAR), XRP, Avalanche (AVAX), Solana (SOL), Chainlink (LINK), Cardano (ADA), Stellar (XLM), Sui (SUI), and Litecoin (LTC).
Notably, this updated S-1 filing comes months after the firm initially submitted plans to launch the fund, which is designed to provide actively managed exposure to digital assets. The latest amendment reveals that the ETF will not hold all listed assets simultaneously but will instead rotate among a basket of 5 to 15 cryptocurrencies.
Another key detail is that Anchorage Digital Bank has been designated as the custodian responsible for safeguarding the fund’s digital assets. Additionally, the filing introduces the possibility of staking, suggesting the ETF could generate yield from certain proof-of-stake assets within its portfolio.
Shiba Inu Could Gain First US Spot ETF Launch This Month: Details
Institutional Momentum Builds Amid ETF Speculation
Meanwhile, the development comes months after asset manager Grayscale recognized Shiba Inu as one of the digital assets eligible for a spot ETF. Shortly before that, Swedish ETP issuer Valour Inc. launched a SEK-denominated product allowing investors to trade a fund directly linked to SHIB’s price performance.
Momentum continued when Coinbase unveiled its 1,000 SHIB Index, a U.S.-based perpetual-style futures contract tied to the token. The listing sparked excitement within the community, with marketing lead Lucie noting the development brings the asset one step closer to its ETF ambitions.
Further strengthening its regulatory standing, Shiba Inu has also been included in Japan’s “green list” alongside Bitcoin and Ethereum, an indication of compliance with local crypto standards. These milestones have fueled calls within the community for a dedicated ETF filing.
In fact, a Change.org petition urging Grayscale to launch such a product has crossed 11,700 signatures, highlighting growing retail demand; however, the product has yet to materialize. Despite the bullish narrative, CoinMarketCap data shows Shiba Inu is down 2.6% over the past 24 hours, trading around $0.0000060, reflecting short-term market pressure even as long-term adoption grows.
Evans Kelvin
The CoinRemark Team