Saad Ullah
The U.S. Securities and Exchange Commission is now formally reviewing whether to approve the proposed T. Rowe Price Active Crypto ETF, a multi-asset fund that includes XRP exposure. The regulator has until February 26, 2026 to reach a decision after NYSE Arca filed a rule change request to list and trade the fund.
What Is the T. Rowe Price Active Crypto ETF?
Unlike single-asset products, the T. Rowe Price Active Crypto ETF is structured as an actively managed fund covering multiple digital assets, with XRP among them. The proposal was originally submitted on November 6, 2025, and later published in the Federal Register for public comment. The Commission then extended the review period to assess whether the listing meets regulatory standards.
This is a required procedural step, not an approval. The SEC must complete its review before any final determination is made.
The review does not represent approval but marks a required regulatory step before a final determination can be made.
Why This XRP ETF Ruling Matters
XRP is now part of a growing list of cryptocurrencies being considered for exchange-traded products in the United States, fueling XRP ETF approval expectations and broader institutional ETF expansion across the market. The outcome of this review could shape how crypto exposure is structured within traditional financial markets and influence broader sentiment around digital asset regulation.
If approved, the fund would give investors regulated access to XRP performance through a listed product on a national securities exchange, a milestone that could open the door for similar multi-asset crypto ETFs down the line.
The February 26 deadline is fast approaching, and all eyes are on how the SEC responds.
Saad Ullah
