The U.S. Securities and Exchange Commission (SEC) will decide this month whether to approve the T. Rowe Price Active Crypto ETF.

PANews reported on February 18th that, according to The Crypto Basic, the U.S. Securities and Exchange Commission (SEC) will decide on or before February 26th whether to approve, reject, or delay the T. Rowe Price Active Crypto ETF. The fund's application explicitly lists XRP as one of 5 to 15 eligible crypto assets, and if approved, it would provide institutions managing $1.8 trillion in assets with a pathway to allocate XRP through a regulated structure.

T. Rowe Price first filed the prospectus for the crypto fund last October, followed by NYSE Arca's filing for a 19b-4 listing, which was published in the Federal Register on November 28th of last year. The SEC last month set an extended review period, with a final decision deadline of February 26th.