T. Rowe Price Active Crypto ETF

S-1/A amended

Gross proceeds $15,000,000

The T. Rowe Price Active Crypto ETF (TKNZ) outlines its creation and redemption processes for Shares, involving Authorized Participants, cash components, and crypto assets. The Fund uses a Vault Balance for crypto custody and details steps for purchases and redemptions, including settlement timelines and fees. It also notes potential future in-kind transactions but currently relies on cash-based processes. The filing emphasizes risks related to crypto market volatility, regulatory changes, and operational challenges.

S-1/A amended

T. Rowe Price Active Crypto ETF (TKNZ) is an actively-managed exchange-traded product (ETP) organized as a Delaware statutory trust, aiming to achieve long-term capital growth through investments in crypto assets. The fund issues shares traded on NYSE Arca, managed by T. Rowe Price Sponsor LLC, with administrative services provided by T. Rowe Price Associates, Inc. The fund's strategy involves active management of a diversified crypto asset portfolio, distinct from index-tracking funds. It faces risks related to crypto market volatility, regulatory uncertainties, and structural limitations as an unregistered investment company.

S-1/A amended

The T. Rowe Price Active Crypto ETF (the 'Fund') is an actively-managed exchange-traded product (ETP) focused on crypto assets, aiming for long-term capital growth. The Fund issues shares traded on NYSE Arca under the symbol '[ ]', with a management fee paid to T. Rowe Price Sponsor LLC. The Fund's strategy involves actively selecting crypto assets, differing from index-tracking funds. It is not registered as an investment company under the Investment Company Act, exposing investors to unique risks. The Fund's Seed Capital Investor, an affiliate of the Sponsor, has participated in initial share purchases and redemptions, with specific details disclosed in the filing.

S-1/A amended

The T. Rowe Price Active Crypto ETF (the 'Fund') is an actively-managed exchange-traded product (ETP) seeking long-term capital growth through investments in crypto assets. The Fund issues shares traded on NYSE Arca, managed by T. Rowe Price Sponsor LLC, with custodians for crypto and cash assets. The S-1/A update includes enhanced disclosures on active management strategies, risk factors, and operational details compared to the original S-1 filing.

S-1 filed

T. Rowe Price Active Crypto ETF is an actively-managed exchange-traded product (ETP) seeking to outperform the FTSE Crypto US Listed Index. The fund will trade on NYSE Arca under an unspecified symbol, focusing on crypto assets meeting specific eligibility criteria. As an emerging growth company, it is not registered as an investment company or commodity pool, lacking regulatory protections. The Sponsor, T. Rowe Price Sponsor LLC, manages the fund, with CSC Delaware Trust Company as trustee and T. Rowe Price Associates, Inc. as administrator. Risks include crypto market volatility, lack of regulatory oversight, and active management complexities.