$1.7 Trillion T. Rowe Price Adds Cardano To Active Crypto ETF

T. Rowe Price Files Third Amendment, Names Cardano Among Top Holdings

@TRowePrice has submitted a third amendment to its proposed actively managed crypto ETF, trading under the ticker $TKNZ, with Cardano's $ADA listed as the seventh-largest component at a 3.37% benchmark weight. According to a preliminary prospectus dated April 27, 2026, T. Rowe Price plans to list the fund on NYSE Arca under the ticker TKNZ, with the filing remaining subject to completion and regulatory approval from the U.S. Securities and Exchange Commission.

Holding approximately $1.78 trillion in assets under management, T. Rowe Price has structured the proposed fund as an actively managed product that would invest directly in spot crypto assets, while avoiding leverage or complex derivatives. The ETF is expected to hold between 5 and 15 cryptocurrencies selected under the SEC's generic listing standards, moving away from the single-asset structure seen in existing Bitcoin and Ethereum spot ETFs.

An index snapshot included in the filing indicates $BTC carries a 42.83% weight, followed by $ETH at 19.09%, while $XRP stands at 10.56% and $SOL at 7.93%, with smaller allocations assigned to assets such as $DOGE, $ADA, and $AVAX. The fund's full eligible asset list also includes $LINK, $HBAR, $SHIB, and $SUI. Anchorage Digital Bank is listed as the crypto custodian.

Fund managers are expected to adjust holdings over time based on market conditions and internal research, with the stated objective of outperforming the FTSE Crypto US Listed Index. The actively managed approach is what sets this product apart from the broader crypto ETF landscape. While single-asset, passive-tracking products like BlackRock's IBIT and Fidelity's FBTC have dominated the market, T. Rowe Price is betting that professional portfolio construction — using fundamental analysis, momentum signals, and quantitative models — can deliver better risk-adjusted returns.

Institutional Signal for Cardano and the ADA Price Outlook

For Cardano specifically, inclusion in a named institutional product at this scale carries weight. T. Rowe Price filed an active crypto ETF naming $ADA as its seventh largest holding at 3.37%, and the Cardano price prediction has shifted from hope to numbers with institutional backing. Analyst Javan Marks has added a $2.91 price target for $ADA, calling the setup a mirror of what preceded the 2021 run from pennies to $3.09.

Bloomberg ETF analyst Eric Balchunas noted the filing has reached a "3rd amendment," adding that a launch is "likely very soon" and calling T. Rowe Price "by far the biggest active manager" entering the space. T. Rowe Price has set a management fee of 0.75% for the fund, a detail confirmed by Bloomberg ETF analyst Eric Balchunas, marking a significant step in the evolution of digital asset investment products.

The filing is still pending SEC approval, but the progression through multiple amendments signals the fund is on a clear path toward launch — and that one of the world's largest traditional asset managers is prepared to put institutional capital behind a broad basket of digital assets, including Cardano.

Sources:
T. Rowe Price amends active crypto ETF filing, moving closer to launch – Crypto.news
T. Rowe Price Adds DOGE, SHIB, SUI in Crypto ETF Filing – CryptoTimes
T. Rowe Price Updates Crypto ETF Filing With Cardano In Index Mix – MoneyCheck

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