T. Rowe Price, the $1.8 trillion asset manager, has filed an amended S-1 registration statement with the SEC for an actively managed cryptocurrency ETF that would hold Dogecoin and Shiba Inu alongside major digital assets, with Anchorage Digital Bank named as the fund's custodian.
T. Rowe Price Files S-1 Amendment for Actively Managed Crypto ETF
The amended S-1 filing, submitted to the SEC around March 16, 2026, represents a progression in the registration process. An S-1 amendment indicates that the SEC is actively reviewing the filing and that T. Rowe Price has responded to regulatory feedback, rather than starting from scratch.
The filing is for an actively managed cryptocurrency ETF. Unlike passive index-tracking products that mirror a fixed basket of assets, an actively managed structure gives T. Rowe Price discretion over which cryptocurrencies to hold and how to weight them.
T. Rowe Price manages approximately $1.8 trillion in assets, making it one of the largest traditional financial institutions to pursue a multi-asset crypto ETF. The firm's entry into the crypto ETF space signals growing institutional appetite for digital asset products beyond single-coin funds.
Dogecoin and Shiba Inu Named Alongside Major Crypto Holdings
The ETF's proposed holdings include Dogecoin and Shiba Inu, two meme-originated cryptocurrencies that have rarely appeared in institutional-grade investment products. Their inclusion in a filing from a firm of T. Rowe Price's stature is a notable departure from the Bitcoin-and-Ethereum-only approach that has dominated institutional crypto product design.
The actively managed structure is key here. T. Rowe Price would retain the ability to adjust allocations across assets, potentially adding or removing tokens based on market conditions. The filing does not confirm specific weightings for any individual cryptocurrency.
Anchorage Digital Bank has been named as the cryptocurrency custodian for the fund. Anchorage Digital holds a federal bank charter from the Office of the Comptroller of the Currency (OCC), making it the first federally chartered digital asset bank in the United States. That regulatory standing provides a layer of institutional credibility that traditional asset managers typically require before committing to crypto custody arrangements.
Crypto ETF Filings Accelerate in 2026
T. Rowe Price's amended filing fits within a broader wave of institutional crypto ETF filings that has accelerated following the approval of spot Bitcoin ETFs. Multiple traditional asset managers have moved to register crypto products with the SEC throughout early 2026.
The S-1 amendment stage does not guarantee approval. The SEC has not set a timeline for a decision on T. Rowe Price's filing. The next regulatory milestone would be an SEC response to the amendment, which could request further revisions, signal progress toward effectiveness, or raise objections.
What distinguishes this filing from most pending crypto ETF applications is the combination of active management and meme coin inclusion. Most institutional filings have focused on passive exposure to Bitcoin, Ethereum, or a narrow basket of large-cap tokens. An actively managed fund holding DOGE and SHIB from a $1.8 trillion manager tests whether regulators and investors are ready for broader crypto exposure packaged in traditional financial wrappers.
SEC approval remains pending, and the fund cannot launch or accept investor capital until the registration statement becomes effective. Investors and market participants will be watching for the SEC's next response to the amended filing as the clearest indicator of whether this product moves forward.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.