Will SEC Approve T. Rowe’s XRP-Inclusive Crypto ETF?

SEC to decide by Feb. 26, 2026 on NYSE Arca’s proposal to list T. Rowe Price’s Active Crypto ETF, which includes XRP exposure.

The U.S. Securities and Exchange Commission will decide by February 26, 2026, whether to approve or disapprove the proposed T. Rowe Price Active Crypto ETF, a fund that includes exposure to XRP.

SEC Sets February 26 Decision Date

On January 28, 2026, the SEC issued an order instituting proceedings on the proposed rule change.

The filing relates to NYSE Arca’s request to list and trade shares of the T. Rowe Price Active Crypto ETF.

The fund would trade under NYSE Arca Rule 8.201-E for Non-Generic Commodity-Based Trust Shares.

NYSE Arca submitted the proposal on November 6, 2025. The filing was made under Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4.

The proposal was later published in the Federal Register on November 28, 2025.

On January 7, 2026, the Commission extended its review period.

The SEC designated February 26, 2026, as the final date to approve, disapprove, or institute further proceedings. The agency cited Section 19(b)(2) of the Act in its notice.

Details of the Proposed Active Crypto ETF

The T. Rowe Price Active Crypto ETF would hold digital asset exposure, including XRP.

The structure falls under commodity-based trust shares rather than a standard equity ETF. The filing seeks approval for listing and trading on NYSE Arca.

According to the SEC notice, the Commission has not received comment letters on the proposed rule change.

The earlier notice appeared in Securities Exchange Act Release No. 104243. The extension order was published in Release No. 104554.

The SEC’s current order does not represent a final decision. It begins a formal process to determine whether the proposal meets statutory requirements.

The review focuses on investor protection and market integrity standards.

Related Reading: XRP Rebounds 50% as Negative Funding, Falling Reserves and ETF Inflows Signal Potential Bottom

Regulatory Context and Market Focus

The decision comes as crypto ETFs remain under close regulatory review.

Spot Bitcoin ETFs received approval earlier, while other digital asset products face ongoing scrutiny. XRP’s inclusion adds attention due to its regulatory history in the United States.

T. Rowe Price is seeking to expand its digital asset offerings through an actively managed structure.

Active crypto ETFs allow portfolio adjustments rather than fixed exposure. The SEC must determine whether the listing rule change aligns with exchange standards.

If approved, the ETF would trade publicly on NYSE Arca. If disapproved, the exchange would need to revise or withdraw the proposal.

Market participants are monitoring the February 26 deadline as the SEC completes its review process.

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