SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-03-16
Accession Number: 0001999371-26-005896
Exchange: 
SIC Code: 6221
SIC Description: Commodity Contracts Brokers & Dealers
URL: https://www.sec.gov/Archives/edgar/data/2089855/000199937126005896/active-s1a_031626.htm

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who owned one bitcoin at the time of the fork automatically owned one unit of Bitcoin Cash. The technical difference between Bitcoin Cash and bitcoin at the time of the fork is that Bitcoin Cash supports larger block sizes. This allows the Bitcoin Cash blockchain to process more transactions per second compared to bitcoin. Bitcoin Cash was the first of the bitcoin forks. In November 2018, Bitcoin Cash further split into two separate crypto assets: BCH and Bitcoin Satoshi Vision. In November 2020, there was a second contested hard fork where the leading node implementation, BitcoinABC, created BCHA (now dubbed “eCash” or “XEC”). LINK (Chainlink Network) LINK is an ERC-677 token that serves as the native digital currency for the Chainlink Network, a decentralized “oracle” platform that is an application built on the Ethereum Network. LINK relies on the Ethereum Network for key functionalities such as storage, transfer and usage.

LINK was created by Chainlink
Labs, formerly known as SmartContract.com, a company founded in 2014 to create a bridge between external data and public blockchains.
In 2017, Chainlink Labs introduced the Chainlink Network, a decentralized network aimed at linking real world data and public blockchains
by connecting smart contracts to off-chain data for markets, events, and data. Chainlink Labs exerts significant influence over
the direction of the development of the Chainlink Network. LINK is used as a payment token within the Chainlink ecosystem and as
the necessary collateral for node operators that want to provide data services. This collateral function is an optional feature
of LINK that allows operators the ability to earn additional income. The Chainlink Network offers a different fee model where off-chain
and on-chain revenue from Chainlink adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.

The Chainlink Network consists
of three main blockchain components: oracle selection, data reporting, and result aggregation.

Oracle Selection: “Oracles”
are entities that connect blockchains to external systems and enable smart contracts to execute based on inputs and outputs from
on-blockchain and off-blockchain data sources. A user looking for data providers (oracles) specifies the requirements in a service
level agreement (SLA). SLA parameters include the desired number of oracles, the desired reputation of the oracles, and the types
of requested data. A reputation contract tracks service-provider performance metrics.

Data Reporting: Once the SLA
has been finalized, off-chain oracles execute and report data back to the blockchain to be utilized by the user. The Chainlink
Network includes nodes that acts as a bridge between off-chain data and the Ethereum blockchain.

Result Aggregation: Once the
oracles reveal their results, an aggregating contract analyzes the results and reports to the reputation contract. Results are
evaluated on the timeliness and correctness of data delivery. Detecting incorrect results is a unique problem for each data feed.
For this reason, each purchaser may specify a customized contract to verify the data. These results feed into the reputation system
which helps future users evaluate the data providers.

The LINK token is used to pay
Chainlink node operators for oracle services. For a smart contract on Ethereum to use a Chainlink node, it will have to pay the
node using LINK. Chainlink nodes may also stake LINK as collateral as a way of insuring the data delivery service. This staking
functionality is optional.

The initial funding for Chainlink
occurred in September 2017 when Chainlink Labs raised $32 million by selling 350 million LINK to the public. In total,
one billion LINK were issued, which is the maximum supply. As of October 2025, the circulating supply was about 678 million.

Lumen (Stellar Network)

Lumen is the native token of
the Stellar Network. The Stellar Network’s intended function is to allow users or businesses to conduct cross-currency transactions
securely and quickly. In addition, the Stellar Network also offers a decentralized exchange for the creation and trading of tokenized
assets which track the price of foreign currencies or stablecoins such as USDC.

Stellar was created in 2014
by a team of scientists, advisers, and engineers of the Stellar Development Foundation (SDF). The Stellar Network was not created
through a fork of the Ripple network, but it does share several similarities with the Ripple network. For example, the Stellar
Network initially employed the Ripple Protocol Consensus Algorithm as its consensus mechanism, which was replaced with the Stellar
Consensus Protocol as a result of a fork of the Stellar blockchain and subsequent upgrade.

The Stellar Ledger uses a consensus
mechanism called the Stellar Consensus Protocol which is an implementation of the Federated Byzantine Agreement pioneered by Ripple,
which is similar to PoS, but does not include staking rewards or incentives. Instead, the Federated Byzantine Agreement is a consensus
mechanism where nodes independently decide which other nodes to trust for information. Lumens transactions are resolved around
every six seconds, which is faster than Bitcoin’s block production, which are resolved around every 10 minutes.

SDF oversaw the creation of
all of the lumen in existence and, as part of its custodial mandate, continues to oversee how the vast majority of lumen are distributed.
Initially, 100 billion lumen were created by SDF and were required to be distributed as follows: (i) 50% to individuals, (ii) 25%
to partners such as businesses, governments, institutions, or nonprofit organizations that contribute to the growth and adoption
of the Stellar Network, (iii) 19% to Bitcoin holders and 1% to XRP holders in giveaways conducted in October 2016 and August
2017 and (iv) 5% reserved for SDF operational expenses.

No further lumen could be created
or distributed according to the Stellar protocol, aside from supply increases by a fixed inflation rate of 1% per year, which ceased
pursuant to a Stellar community vote in October 2019.

In November 2019, SDF removed,
or “burned,” approximately 55 billion of the approximately 105 billion of lumen total supply. As of October 2025,
there is a total of about 50 billion lumens in existence.

According to SDF, as of October
2025, SDF held approximately 30 billion lumen (more than 50% of the supply) to develop and promote the growth of the Stellar network
and the expectation is that those lumens will enter the open markets over the next few years. The remaining 20 billion lumens are
in the open market.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a crypto
asset created in August 2020 by an anonymous entity called “Ryoshi.” SHIB is an Ethereum-based crypto asset and memecoin
(considered by many to be a meme-inspired project based on the Dogecoin meme featuring the Shiba Inu dog as its mascot). To improve
efficiency, the community developed Shibarium, a Layer-2 blockchain built on Ethereum, designed to reduce transaction costs and
increase throughput. SHIB is designed to be used as a medium of exchange and store of value. SHIB has a total supply of one quadrillion
tokens. As of October 2025, it had a circulating supply of about 589 trillion.

SHIB is the most widely available
of four principal types of tokens that form part of the SHIB ecosystem. SHIB can be exchanged with any of the ERC20 tokens of the
Ethereum ecosystem. The three other tokens include: (1) Leash, with a total supply of only 107,646 tokens; (2) Bone (BONE),
with a total supply of 250 million tokens and only available on the decentralized exchange ShibaSwap. BONE is a governance token
that will allow Shiba Inu users and developers (the “ShibArmy”) to vote on proposals. The more BONE users possess,
the more weight their vote will carry in the decision process of future projects. (3) TREAT is the Transactional Rewards for
Engagement and Access Token, serving as the Shiba Inu ecosystem’s key reward mechanism and gateway to exclusive features and opportunities.

The SHIB ecosystem supports
projects such as an non-fungible token art incubator and the development of a decentralized exchange called ShibaSwap. Developed
by Shytoshi Kusama, ShibaSwap is the primary DeFi platform within the Shiba Inu ecosystem. ShibaSwap was launched in 2021, based
on decentralized exchanges such as SushiSwap and Uniswap. ShibaSwap is designed to boost the utility of the SHIB tokens, offering
a range of typical DeFi tools. Users can trade tokens, deposit in liquidity pools, stake their coins, and vote on ShibaSwap governance
proposals. These functions are handled by smart contracts on the Ethereum blockchain, which allows users to trade any supported
ERC-20 token directly with other users.

Users who add their tokens
to a liquidity pool are termed to be “digging” for BONE token rewards. “Diggers” create ShibaSwap Liquidity
Provider (SSLP) tokens and deposit them into a liquidity pool. These tokens represent each digger’s share in the trading
pool and can be used to claim BONE rewards. The more liquidity a digger provides and the longer SSLP tokens are left in the pool,
the more rewards the digger can potentially earn. This incentivizes users to contribute to ShibaSwap’s liquidity and decentralization,
which helps stabilize the tokens’ prices and ensure smooth trading.