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T. Rowe Price, a $1.8 Trillion asset manager, is ready to put dogecoin (DOGE) and shiba inu (SHIB) in its new crypto ETF

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T. Rowe Price, a $1.8 Trillion asset manager, is ready to put dogecoin (DOGE) and shiba inu (SHIB) in its new crypto ETF

T. Rowe Price has filed to hold a broad set of digital assets in its new exchange-traded fund (ETF), including bitcoin, ether, dogecoin, and shiba inu.

The asset manager, which has $1.8 trillion in assets under management, filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), offering new details about its planned Price Active Crypto ETF, a fund designed to give investors actively managed exposure to digital assets.

The updated filing, submitted Monday, expands on the company’s original October application and outlines the cryptocurrencies the fund may invest in, along with details on custody, trading structure, and potential staking activity.

According to the document, the ETF could hold several digital assets, including bitcoin , ether (ETH), solana (SOL), XRP (XRP), , avalanche (AVAX), , , , hedera (HBAR), , chainlink , stellar lumen (XLM), shiba inu (SHIB), and .

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Despite that wide universe, the fund will not hold all of those assets at once. Under normal circumstances, the ETF plans to maintain between five and fifteen crypto assets at a time, using an active management strategy rather than tracking a single token or passively following a benchmark. The portfolio will be rebalanced using quantitative models that incorporate fundamentals, valuation, and market momentum, with the goal of outperforming the FTSE US Listed Crypto Index, the filing said.

The amended filing also confirmed that Anchorage Digital Bank N.A. will serve as the fund’s crypto asset custodian, responsible for safeguarding the digital tokens held by the ETF.

For now, the fund will use a cash subscription and redemption model, meaning investors would create or redeem ETF shares using cash rather than transferring cryptocurrency directly. The filing notes that the structure could evolve to allow in-kind transactions in the future, a model some crypto ETFs use to exchange shares for the underlying digital assets.

Another notable addition in the filing is the possibility that the fund could participate in staking, a process used by some blockchains where token holders lock up assets to help secure the network in exchange for rewards.

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T. Rowe Price said staking could be pursued in the future depending on risk considerations, tax treatment and regulatory guidance.

The filing marks another step by the 87-year-old investment firm, which is one of the top 25 asset management firms, toward entering the digital asset market.

If approved, the product would join a growing list of crypto investment vehicles designed to give investors exposure to the sector through traditional brokerage accounts.

The fund’s active approach could set it apart from the wave of spot bitcoin ETFs launched in the U.S. in 2024, allowing managers more flexibility to shift holdings as crypto markets evolve.

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Crypto World

Will Bitcoin price reclaim $75,000 ahead of Fed rate decision?

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BTC/USDT 1-day price chart.

Bitcoin price rallied to a 5-week high of $74,157 on Monday morning amid institutional and whale accumulation. Can the bellwether climb past the $75,000 psychological support level ahead of the Federal Reserve interest rate decision set to be revealed later this week?

Summary

  • Bitcoin price rose to a five-week high of $74,157 as institutional inflows and whale accumulation pushed the asset higher.
  • U.S. spot Bitcoin ETFs have attracted $2.1 billion in inflows over the past three weeks, while large wallets increased their share of the total supply.
  • Markets are now watching the $75,000 resistance level ahead of the Federal Reserve interest rate decision expected later this week.

According to data from crypto.news, Bitcoin (BTC) price briefly rose nearly 4% to $74,157 on March 16, pushing its market cap back above $1.48 trillion. Trading at $73,626 when writing, the bellwether now lies 17% above its lowest point this year.

Bitcoin’s price rebound today came as institutions and whales kept buying the dip to bet on the safe-haven asset amid ongoing geopolitical tensions.

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Notably, U.S. spot Bitcoin ETFs have experienced back-to-back net inflows over the past three weeks, bringing the total figure to $2.1 billion. The persistent inflow trend has boosted retail sentiment for the token, supporting its gains.

At the same time, Bitcoin’s gains seem to have been supported by whale accumulation. According to on-chain data from Santiment, wallets holding between 10 and 10,000 BTC have entered an accumulation phase, increasing their share of the total supply to 68.17%. 

This was noted as a “bullish signal” by Santiment, as it suggests that Bitcoin was moving into the wallets of long-term holders.

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Meanwhile, the aggressive buying from Bitcoin treasury companies such as Michael Saylor’s MicroStrategy and Metaplanet has also provided a significant price floor. 

In their most recent filings, Strategy has continued its multi-billion-dollar acquisition strategy, while Metaplanet has mirrored this “debt-for-Bitcoin” model to expand its holdings in the Japanese market.

Retail investors have also been rotating capital away from traditional safe-haven assets such as gold and silver into Bitcoin as they prepare for further volatility amid escalating conflict between the U.S. and Iran. 

The military escalation and attacks on Iranian infrastructure (such as Kharg Island) have led crude prices to spike to multi-year highs as Iran threatened a total blockade of the Strait of Hormuz, a key global oil artery. 

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For now, a major catalyst for Bitcoin price would be the Federal Reserve rate cut decision scheduled to be announced on Wednesday, March 18, at 2:00 PM ET.

Economists broadly expect the Federal Reserve to keep interest rates steady in the 3.50% to 3.75% range, likely maintaining a cautious stance as inflation continues to remain elevated due to the shock in oil prices.

While steady rate expectations have historically tempered the rally of risk assets, Bitcoin’s current momentum and its emergence as “digital gold” suggest that a break above the $75,000 psychological resistance could trigger a massive short squeeze toward the $80,000 mark.

Bitcoin price analysis

At press time, technical indicators on the Bitcoin/USDT 1-day chart also seem to present a bullish setup that suggests a significant trend reversal is underway.

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Bitcoin price has moved above the 50-day simple moving average at $71,164, which is a key psychological and technical level. Last time when it crossed above this trendline back in early February, BTC rallied nearly 33% within a month. 

BTC/USDT 1-day price chart.
BTC/USDT 1-day price chart — March 16 | Source: crypto.news

The 20-day SMA is also on the cusp of completing a bullish crossover with the 50-day SMA, a classic signal often referred to as a golden cross that typically precedes sustained upward momentum.

At the same time, the Aroon lines also added to the bullish outlook with the Aroon Up at 100% in comparison to the Aroon Down at 0%. This is a powerful configuration that hints at a strong emerging uptrend and suggests that buyers are in complete control of the current price action.

For now, the $75,000 zone, which has historically acted as a psychological barrier for traders, will serve as key resistance that would decide the short-term trajectory of the asset. A break above it could embolden bulls to target the next resistance pivot at $80,665.

On the contrary, a drop below the $70,000 support level could invalidate the current breakout and lead to a period of consolidation.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Bitcoin Hits $74.5K But Futures Data, Macro Signal Caution

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Bitcoin Hits $74.5K But Futures Data, Macro Signal Caution

Key takeaways:

  • Bitcoin derivatives remain bearish as traders hedge against a price drop despite BTC reclaiming the $74,000 level.

  • Fears of a global energy shortage mount as the Strait of Hormuz remains closed, forcing investors into safe-haven Treasury assets.

Bitcoin (BTC) climbed above $74,000 on Monday, following gains on the Nasdaq Index as investors await a keynote from Nvidia (NVDA US) CEO Jensen Huang at the chipmaker’s biggest event of the year, the Nvidia GTC 2026 global AI conference. A drop in oil prices and growth in the US manufacturing sector also helped support risk-on assets.

Despite this bullish background, Bitcoin derivatives suggest professional traders were unfazed by the rally that pushed prices to a 40-day high.

Bitcoin 2-month futures basis rate. Source: Laevitas.ch

The annualized Bitcoin monthly futures premium relative to spot markets stood at a meager 2% on Monday, well below the neutral 4% to 8% range. This lack of enthusiasm has been the norm for the past 30 days, likely reflecting traders’ discomfort as Bitcoin traded down 31% in six months while gold gained 18% and the Nasdaq 100 Index stayed flat.

While it is difficult to pin down the exact drivers behind the price weakness, it can be partially attributed to a handful of events, including the absence of a clear execution timeline for the US Strategic Bitcoin Reserve. Meanwhile, the historic $19 billion liquidation event on Oct. 10, 2025, flushed out over-leveraged long positions and hit market makers’ risk appetite. 

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Furthermore, fears over quantum computing vulnerabilities emerged while Bitcoin decoupled from gold and silver as capital sought safety from the US and Israel-Iran war and signs of weakness in the US job market.

Bitcoin options signal fear despite institutional buying streak

Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas.ch

The Bitcoin options delta skew on Deribit remained at 13% on Monday, signaling persistent fear that have dominated the market for five weeks. When whales and market makers avoid downside exposure, put (sell) options tend to trade at a 6% or higher premium relative to call (buy) instruments. The recent rally to $74,500 was unable to change traders’ sentiment.

USD stablecoin premium/discount relative to USD/CNY rate. Source: OKX

USD stablecoins traded at a 0.5% premium relative to the official US dollar to yuan exchange rate on Monday, suggesting a balanced inflow and outflow in the region. Heightened demand for Bitcoin usually pushes the indicator above the 1.5% neutral threshold. At the same time, periods of stress typically cause stablecoins to trade at a discount when trades rush to exit cryptocurrency markets.

Regardless of the outcome of the Nvidia GTC 2026 event, investors are closely tracking the development of the war in Iran. US benchmark West Texas Intermediate oil prices held near $95 per barrel after the US struck Iranian military assets late Friday night, while drone strikes reportedly halted oil loadings at the key port Fujairah in the United Arab Emirates, according to Yahoo Finance.

Related: Metaplanet raises $255M and adds warrant structure for Bitcoin buys

WTI oil (left) vs. US 5-year Treasury yield (right). Source: TradingView

The Strait of Hormuz, the world’s most important shipping lane for oil, reportedly remains “essentially closed,” causing analysts to reassess the risk of a “prolonged global energy shock.” Yields in the US 5-year Treasury dropped to 3.82% after peaking at 3.87% on Thursday, indicating that investors sought protection in government-backed assets amid the increasing uncertainty.

Bitcoin’s bullish momentum has been supported by Strategy buying 22,337 BTC during the previous week alone, while US-listed spot Bitcoin ETFs netted 11,117 BTC in inflows. Despite institutional appetite, the lack of confidence in Bitcoin derivatives is strong evidence that bear-market sentiment is not over.

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