SEC to Decide on T. Rowe Price Active Crypto ETF Tracking XRP by February 26

Investors may soon gain access to another crypto ETF tracking XRP and other major digital assets, as the SEC nears a key decision deadline.

The U.S. SEC will decide the fate of T. Rowe Price Active Crypto ETF later this month. Notably, the filing explicitly includes XRP among its eligible assets, marking another major milestone in institutional adoption.

• The SEC is set to decide on the T. Rowe Price Active Crypto ETF, which tracks multiple assets, including XRP.
• A decision is expected on or before February 26, 2026.
• An approval would expand the number of ETFs tracking XRP’s performance.
• Rising ETF exposure could gradually tighten XRP’s circulating supply, but current data paint a different picture.

The SEC will decide by February 26, 2026, whether to approve, reject, or delay the proposed T. Rowe Price Active Crypto ETF. Notably, the filing explicitly lists XRP among 5–15 eligible crypto assets for the fund.

If approved, the fund would allow T. Rowe Price, a $1.8 trillion asset manager, to allocate capital to XRP through a regulated structure. As a result, investors who prefer compliant, exchange-traded products over direct token ownership would gain expanded access. Moreover, XRP’s inclusion could strengthen its credibility and potentially boost institutional demand.

For context, T. Rowe Price initially filed its prospectus in October 2025, marking the firm’s first-ever filing for a crypto-related fund. Shortly afterward, NYSE Arca submitted a 19b-4 application to list and trade the shares, which appeared in the Federal Register on November 28, 2025.

Last month, the SEC set an extended review timeline, with a decision due on or before February 26, 2026.

Once approved, the fund would expand the number of spot ETFs tracking XRP’s performance. Currently, five issuers, such as Bitwise, Grayscale, Franklin, 21Shares, and Canary, offer dedicated XRP ETFs. In addition, XRP appears in several U.S.-listed basket ETFs from firms such as Hashdex, Bitwise, and Grayscale.

As institutional demand rises, analysts argue that additional ETF exposure could gradually tighten supply, enhance liquidity, and support long-term price stability.

However, the existing spot XRP ETFs launched in 2025 have so far had a limited impact on the overall supply. Together, they manage about $1.06 billion in assets, translating to roughly 716 million XRP at current prices.

That amount represents only about 1.17% of XRP’s 60.92 billion circulating supply, suggesting that ETF-driven supply compression remains modest for now.