Beyond Dogecoin and Shiba Inu, the new ETF could also hold digital tokens such as Avalanche (CRYPTO: $AVAX), Hedera (CRYPTO: $HBAR) and Chainlink (CRYPTO: $LINK), among other smaller cryptocurrencies.
In a regulatory filing ahead of the ETFs launch, T. Rowe Price said that it is looking to expand access and exposure to cryptocurrencies for investors.
However, the Price Active Crypto ETF will not hold all of those assets at once. Rather, the ETF plans to maintain between five and 15 crypto assets at a time, using active management.
The portfolio will be rebalanced using quantitative models that incorporate fundamentals, valuation, and market momentum, according to T. Rowe Price.
T. Rowe Price, an 87-year-old investment firm, is pushing to enter the crypto space.
The Price Active Crypto ETF is different from other funds that typically track the spot price of a cryptocurrency such as Bitcoin or Ethereum.
TROW stock has declined 5% over the last 12 months to trade at $89.29 U.S. per share