T Rowe Price Updates Crypto ETF Filing With Cardano In Index Mix For TKNZ

TLDR

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T Rowe Price filed another amendment for its Active Crypto ETF.
Cardano appears in the benchmark index with a 3.37% weight.
The proposed fund may hold 5 to 15 eligible crypto assets.
The actively managed ETF still awaits SEC approval.

T. Rowe Price has updated its filing for an actively managed crypto ETF. The proposed fund may include Cardano through its benchmark index mix. The product still needs approval from the U.S. Securities and Exchange Commission.

T Rowe Price updates active crypto ETF filing

T. Rowe Price has filed another amendment for its Active Crypto ETF. The fund is planned as an exchange-traded product. It would trade on NYSE Arca under the ticker TKNZ.

The filing says the fund will seek long-term capital growth. It plans to invest directly in selected crypto assets. The fund will not be registered under the Investment Company Act of 1940.

🇺🇸 T. Rowe Price has filed an amendment to update their Active Crypto ETF.
Cardano $ADA could be part of the ETF, with the 7th largest weight (3.37%) in the benchmark index.
The fund will be actively managed and awaits SEC approval. pic.twitter.com/hpY4e2OtME
— Cardanians (CRDN) (@Cardanians_io) April 30, 2026

The prospectus states that the ETF will be actively managed. This means the sponsor can adjust holdings over time. The fund will not simply track one crypto asset.

Cardano appears in the index mix

Cardano is listed among eligible assets in the benchmark index. The index snapshot gives ADA a 3.37% weight. That would place Cardano as the seventh-largest asset in the mix.

Bitcoin has the largest listed weight at 42.83%. Ethereum follows with 19.09%. XRP and Solana also hold larger weights than Cardano.

The filing also names other crypto assets. These include Avalanche, Litecoin, Dogecoin, Hedera, Bitcoin Cash, Chainlink, Stellar, and Shiba Inu. The fund may hold 5 to 15 assets.

Fund structure and seed capital

The fund is organized as a Delaware statutory trust. T. Rowe Price Sponsor LLC will serve as the sponsor. Anchorage Digital Bank is listed as crypto custodian.

The filing says seed investors bought initial shares on April 1, 2026. The total initial seed amount was $20,000. The fund expects total seed capital of $15 million.

Shares are expected to be created and redeemed in blocks of 10,000. These blocks are called Creation Units. Retail investors would buy and sell shares through brokers.

SEC review remains pending

The filing is still subject to SEC review. The prospectus says no regulator has approved or rejected the securities. It also says any claim otherwise is a criminal offense.

Bloomberg ETF analyst Eric Balchunas described the filing as a “3rd amendment.” He also said a launch was “likely very soon.” His comments were tied to the updated filing status.

The fund carries risks linked to crypto prices and markets. The filing says it may not suit all investors. It also notes that shareholders will not receive the same protections as registered investment company shareholders.