T. Rowe Price Active Crypto ETF

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 is sponsored by T. Rowe Price Sponsor LLC and will trade on NYSE Arca under the symbol '[ ]'. It is registering an indeterminate number of shares with the SEC, with creation units of 10,000 shares. The Fund is an emerging growth company under the JOBS Act and is not registered as an investment company or commodity pool, leading to limited regulatory protections for investors.

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 aims to outperform the FTSE Crypto US Listed Index via an active investment strategy, distinct from index-tracking ETPs. It is structured as a Delaware statutory trust, with T. Rowe Price Sponsor LLC as the sponsor, CSC Delaware Trust Company as the trustee, and specialized custodians for crypto and cash assets. The Fund will issue shares on NYSE Arca, subject to market price fluctuations and significant risks inherent to crypto assets.

S-1 filed

T. Rowe Price Active Crypto ETF (the Fund) 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. It is not registered as an investment company under the Investment Company Act, and the Sponsor is not an SEC-registered investment adviser. The Fund involves significant risks related to crypto volatility, lack of regulatory oversight, and active management strategies.