Asset manager's $1.8T ETF with SHIB, DOGE gets approval
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Asset manager's $1.8T ETF with SHIB, DOGE gets approval

2 min read

T. Rowe Price's Active Crypto ETF secured regulatory approval on June 12 2026, clearing a key hurdle for the fund that will list shares on NYSE Arca and provide exposure to a curated basket of digital assets including Shiba Inu (SHIB) and Dogecoin (DOGE).

Regulatory Approval

The Securities and Exchange Commission issued an order, as amended by Amendment No. 2, granting permission for the proposed rule change that authorizes trading of the T. Rowe Price Active Crypto ETF. This decision follows the firm’s initial filing in October 2025, marking the first time the $1.8 trillion asset manager has pursued a multi‑asset crypto product. Investors can now anticipate a formal launch pending final listing procedures.

Portfolio Composition

The ETF is designed to hold between five and fifteen cryptocurrencies, with a current roster that spans Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Polkadot (DOT), Hedera (HBAR), Bitcoin Cash (BCH), Chainlink (LINK), Stellar (XLM) and Sui (SUI) alongside Shiba Inu and Dogecoin. By diversifying across major blockchain platforms, the fund aims to balance risk while capturing growth opportunities in the crypto market. The inclusion of meme‑coins such as SHIB and DOGE reflects rising investor demand for broader token exposure.

Broader Market Implications

Simultaneously, Japan’s leading marketplace Mercari expanded its crypto offering to include Shiba Inu and Dogecoin, granting its 23 million monthly users direct access to the tokens. This parallel development underscores growing mainstream acceptance of meme‑coins and suggests that institutional products like T. Rowe’s ETF could attract retail capital. As more traditional financial firms embrace blockchain‑based assets, the overall crypto market may experience heightened liquidity and price volatility.