SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-99.1
Date Filed: 2026-04-27
Accession Number: 0001999371-26-009120
Exchange: 
SIC Code: 6221
SIC Description: Commodity Contracts Brokers & Dealers
URL: https://www.sec.gov/Archives/edgar/data/2089855/000199937126009120/ex99-1.htm

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T.Rowe Price Active Crypto ETF S-1A

Exhibit 99.1

This DATA AGREEMENT is entered into with effect from
1 March 2017 among:

PARTIES

(1)	FTSE INTERNATIONAL LIMITED a company incorporated and registered in England
with company number 03108236 whose registered address is at 10 Paternoster Square, London, EC4M 7LS, United Kingdom (“FTSE”);

(2)	FRANK RUSSELL COMPANY a Washington corporation, with offices at 1201 Third
Avenue, Suite 2500, Seattle, Washington 98101 USA (“Russell”);

each referred to in this Data Agreement as a “Licensor”
and collectively as the “Licensors”;

and

(3)	T. ROWE PRICE ASSOCIATES, INC. a company incorporated in United States
with registered address at 100 East Pratt Street, Baltimore, MD 21202 (the “Licensee”).

INTRODUCTION

(A)	The parties have entered into a framework agreement with an Effective Date of
1 March 2017 (the “Framework Agreement”) under which the Licensee and one or more of the Licensors may enter into
further, separate Licence Agreements for the provision of particular services by the relevant Licensors to the Licensee.

(B)	This is a Data Agreement (as referred to in the Framework Agreement) which sets
out the basis on which data, other intellectual property and services are to be supplied by the Licensors to the Licensee, under the terms
of separate Order Forms to be entered into by the Licensee with the relevant Licensors in accordance with this Data Agreement.

AGREED TERMS

1.       Definitions
and interpretation

1.1	Save as otherwise expressly set out in this Data Agreement, defined terms and rules
of interpretation used in the Framework Agreement shall apply to this Data Agreement.

2.	Licence

2.1	Subject to the terms of the relevant Services Contract, the Licensor will provide
to the Licensee with access to the Data specified in (with such frequency as is provided for in) the relevant Order Form and grants to
the Licensee a non-exclusive, non-transferable licence to:

(a)	view the Data internally; and

(b)	receive, store, produce a Back-Up Copy.

2.2	To the extent specified in an Order Form and subject to:

(a)	the Licensee paying Report Charges under the Order Form, the Licensee may exercise the rights set out
in schedule 1;

(b)	the Licensee paying Application Charges under the Order Form, the Licensee may exercise the rights set
out in schedule 2;

(c)	the Licensee paying Manipulated Data Charges under the Order Form, the Licensee may exercise the rights
set out in schedule 3;

(d)	the Licensee paying Customised Indices Charges under the Order Form, the Licensee
may exercise the rights set out in schedule 4;

in each case to the extent set out, and
subject to any restrictions in, the relevant Services Contract.

2.3	The Licensee may permit the rights granted in clause 2.1 or, to the extent expressly
permitted in the Order Form, clause 2.2 to be exercised by the Authorised Users only and only at the Site(s).

3.	Restrictions on use

3.1	Except as expressly provided for in the relevant Services Contract, the Licensee
shall make no other use of the Services. In particular, the Licensee shall not (and shall not permit or purport to permit anyone to):

(a)	copy, sell, license, distribute or transmit to any third party (or to any person
other than an Authorised User) the Service or any part thereof in any form or by any means;

(b)	make any reference to a Service or any part thereof in any promotional or marketing
materials;

(c)	use the Service or any part thereof for any illegal purpose or otherwise than in
compliance with the applicable Laws;

(d)	remove any proprietary notice accompanying the Service;

(e)	use the Service or any part thereof for the purpose of:

(i)	creating and/or operating (whether by the Licensee and/or by any third party)
any financial product, index, or service which seeks to match the performance of or whose capital and/or income value is related to any
Index, Data, Manipulated Data, Customised Indices or any other index or data owned or created by Licensor or in each case any part thereof;

(ii)	creating and/or operating (whether by the Licensee itself or by any third party)
any financial product, index or service the performance of which is linked to the performance of a third party’s product, index or service
which, in turn, seeks to match the performance of, or whose capital and/or income value is related to, or which is directly or indirectly
linked to or derived from, any Index, Data, Manipulated Data, Customised Indices or any index or data owned or created by Licensor in
each case any part thereof (and whether or not such third party is licensed by Licensor to do so); or

(f)	generally exploit the Service or any part thereof in a manner designed to benefit
the Licensee or any third party (including the creation of any additional service).

(g)	derive, extract, reproduce, distribute, redistribute, manipulate, re-utilise, transmit
or otherwise commercially exploit any of the Service or part thereof;

(h)	create the Manipulated Data or the Customised Indices; or

(i)	make the Service available on any website, in an Application, Internal Network
or to the public via the internet or otherwise.

3.2	Where a Licensee receives the ICB Data:

(a)	the Licensee must not use the ICB Data to classify companies and/or their securities
not included in the ICB (such as private companies or fixed income securities) or represent that the ICB classification of any company
in the ICB is different to the ICB classification made by FTSE;

(b)	the Licensee must not use the ICB Data or the ICB for the benefit of any Licensee’s
proprietary index, any other party’s index or in the creation of other similar products; and

(c)	whenever using the ICB Data, the Licensee must comply with the Attribution Requirements.

3.3	The Licensee acknowledges that a separate licence or permission is required from
Licensor (and additional Charges may be payable) to:

(a)	make the Service or any part thereof available to any person other than the Authorised User;

(b)	distribute the Service or any part thereof outside of the permitted group of Authorised Users or externally;

(c)	incorporate the Service or any part thereof into reports or any other materials (whether in hard copy
of electronic form or on a website);

(d)	operate an Application using the Service of any part thereof;

(e)	create any Manipulated Data or Customised Data using the Service or any part thereof; or

(f)	use the Service or any part thereof as described in clause 3.1(e) or clause 3.1(f).

3.4	The Licensee acknowledges that a separate licence is required in order to use
the Data as described in clause 3.1(e).

3.5	The Licensor may request the Licensee to certify not more than once in any 12 (twelve)
month period that the Licensee is in material compliance with all restrictions in this clause 3.

4.	Charges

4.1	The Licensee agrees to pay the Charges annually in advance.

4.2	Each Order Form will set out the Charges payable by the Licensee for the Services
covered by the relevant Order Form.

4.3	The Licensor may, without cause, amend the Charges under any Services Contract on
at least 60 (sixty) days’ written notice to the Licensee to take effect from the next anniversary of the Commencement Date, provided that
this right shall be subject to the Licensee’s right to terminate the relevant Services Contract in accordance with clause 10.6 of the
Framework Agreement.

5.	Reporting

5.1	The Licensee shall provide to Licensor a reporting schedule as set out in schedule 5. The Licensee must
complete and submit a Reporting Schedule:

(a)	upon execution of each Order Form;

(b)	at the end of each Initial Term and Renewal Term;

(c)	at each anniversary of the Commencement Date;

(d)	on termination of each Services Contract; and

(e)	otherwise as and when may be reasonably requested to do so by the Licensor (provided that such request
cannot be made more often than once every Quarter),

and must
return the completed Reporting Schedule to the Licensor within 15 (fifteen) days of the occurrence of any of the events in (a) to (e)
above (as the case may be). Where appropriate, the completed Reporting Schedule shall be used as the basis of the Licensor’s invoice.

6.	Termination and termination

Clause 10 (Term and Termination)
of the Framework Agreement shall apply.

7.	Choice of Law

Clause 17.11 (Governing law) of
the Framework Agreement shall apply.

By their signatures
below, and in consideration of the mutual agreements set out herein and for other goad and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Licensee and the Licensor each agree to be bound by the terms or this Data Agreement.

Signed for and on behalf of Signed for and on behalf of

FTSE INTERNATIONAL LIMITED by: FRANK RUSSELL Company by:

/s/ C. O’Shaughnessy /s/ Ron Bundy

(signature) (signature)

C. O’Shaughnessy Ron Bundy

(print name) (print name)

MD CEO, NA Benchmarks

(position) (position)

12.6.17 June 7, 2017

(date) (date)

Signed for and on behalf of

T. ROWE PRICE ASSOCIATES, INC. by: