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

Chunk 59 of 62
Word Count: 1478
Character Count: 9443

Document Content:

be in such form and contain such information as will be required by applicable laws, rules and regulations and may contain such additional information which the Administrator determines shall be included. The annual report will be filed with the SEC and the Exchange and will be distributed to such persons and in such manner, as is required by applicable laws, rules and regulations. The Sponsor (or its delegate) is responsible for the registration and qualification of the Shares under the federal securities laws. The Administrator will also prepare, or cause to be prepared, and file any periodic reports or updates required under the Exchange Act. The Administrator will make such elections, file such tax returns, and prepare, disseminate and file such tax reports, as it is advised to by its counsel or accountants or as required from time to time by any applicable statute, rule or regulation. BOOKS AND RECORDS

The Fund keeps its books of
record and account at the office of the Sponsor or at the offices of the Administrator, or such office, including of an administrative
agent, as it may subsequently designate upon notice. The books and records are open to inspection by any person who establishes
to the Fund’s satisfaction that such person is a Shareholder upon reasonable advance notice at all reasonable times during
usual business hours of the Fund. The Fund keeps a copy of the Trust Agreement on file in the Sponsor’s office which will
be available for inspection by any Shareholder at all times during its usual business hours upon reasonable advance notice.

FISCAL
YEAR

The fiscal year of the Fund
is the calendar year. The Sponsor has the continuing right to select an alternate fiscal year.

PROVISIONS
OF LAW

According to applicable law,
indemnification of the Sponsor is payable only if the Sponsor determined, in good faith, that the act, omission or conduct that
gave rise to the claim for indemnification was in the best interest of the Fund and the act, omission or activity that was the
basis for such loss, liability, damage, cost or expense was not the result of negligence or misconduct and such liability or loss
was not the result of negligence or misconduct by the Sponsor, and such indemnification or agreement to hold harmless is recoverable
only out of the assets of the Fund.

This offering is made pursuant
to federal and state securities laws. The SEC and state securities agencies take the position that indemnification of the Sponsor
that arises out of an alleged violation of such laws is prohibited unless certain conditions are met. These conditions require
that no indemnification of the Sponsor or any underwriter for the Fund may be made in respect of any losses, liabilities or expenses
arising from or out of an alleged violation of federal or state securities laws unless: (i) there has been a successful adjudication
on the merits of each count involving alleged securities law violations as to the party seeking indemnification and the court approves
the indemnification; (ii) such claim has been dismissed with prejudice on the merits by a court of competent jurisdiction as to
the party seeking indemnification; or (iii) a court of competent jurisdiction approves a settlement of the claims against the party
seeking indemnification and finds that indemnification of the settlement and related costs should be made, provided that, before
seeking such approval, the Sponsor or other indemnitee must apprise the court of the position held by regulatory agencies against
such indemnification. These agencies are the SEC and the securities administrator of the State or States in which the plaintiffs
claim they were offered or sold interests.

LEGAL
MATTERS

Dechert LLP has advised the
Sponsor in connection with the Shares being offered. Dechert LLP advises the Sponsor with respect to its responsibilities as sponsor
of, and with respect to matters relating to, the Fund. Certain opinions of counsel will be filed with the SEC as exhibits to the
Registration Statement of which this Prospectus is a part.

EXPERTS

The financial statements of
the Fund as of [ ], included in this prospectus have been so included in reliance on the report of [ ], an independent registered
public accounting firm, given on the authority of said firm as experts in auditing and accounting.

PRIVACY
POLICY

The Fund, Administrator, and
the Sponsor may collect or have access to certain nonpublic personal information about current and former Shareholders. Nonpublic
personal information may include information received from Shareholders, such as a Shareholder’s name, social security number
and address, as well as information received from brokerage firms about Shareholder holdings and transactions in Shares of the
Trust. The Trust, Administrator, and the Sponsor do not disclose nonpublic personal information except as required by law or as
described in their Privacy Policy. The Trust, Administrator, and the Sponsor restrict access to the nonpublic personal information
they collect about Shareholders to those of their and their affiliates’ employees and service providers who need access to
such information to provide products and services to Shareholders.

The Trust, Administrator, and
the Sponsor maintain safeguards that comply with federal law to protect Shareholders’ nonpublic personal information. These
safeguards are reasonably designed to (1) ensure the security and confidentiality of Shareholders’ records and information;
(2) protect against any anticipated threats or hazards to the security or integrity of Shareholders’ records and information;
and (3) protect against unauthorized access to or use of Shareholders’ records or information that could result in substantial
harm or inconvenience to any Shareholder. Third-party service providers with whom the Trust, Administrator, and the Sponsor share
nonpublic personal information about Shareholders must agree to follow appropriate standards of security and confidentiality, which
includes safeguarding such nonpublic personal information physically, electronically and procedurally.

WHERE
TO FIND MORE INFORMATION

The Sponsor has filed on behalf
of the Fund a registration statement on Form S-1 with the SEC under the Securities Act. This prospectus does not contain all of
the information set forth in the registration statement (including the exhibits to the registration statement), parts of which
have been omitted in accordance with the rules and regulations of the SEC. For further information about the Fund or the Shares,
please refer to the registration statement, which you may inspect, without charge, online at www.sec.gov. Information about the
Fund or the Shares can also be obtained from the Fund’s website at [ ]. This Internet address is only provided here as a
convenience to you, and the information contained on or connected to the Fund’s website is not considered part of this prospectus.
We will make available, free of charge, on our website our Form 10-K, quarterly reports on Form 10-Q and current reports on Form
8-K (including any amendments thereto), proxy statements and other information filed with, or furnished to, the SEC, as soon as
reasonably practicable after such documents are so filed or furnished.

The Fund will be subject to
the informational requirements of the Exchange Act and the Sponsor will, on behalf of the Fund, file certain reports and other
information with the SEC. These filings will contain certain important information that does not appear in this prospectus. For
further information about the Fund, you may read and copy these filings at the SEC’s Internet site (www.sec.gov), which also
contains reports and other information regarding issuers that file electronically with the SEC.

The Fund, Sponsor, and its
affiliates (collectively, “T. Rowe”) may maintain a presence on social media platforms, including the platform
formerly known as Twitter. T. Rowe is not affiliated with any social media platform and has no control over how these platforms
or other third parties will use any information shared on such platforms. T. Rowe does not control, endorse, or assume any
responsibility for the information displayed on webpages or other links from any social media platform. Similarly, T. Rowe
does not control, endorse, or assume any responsibility for any third-party websites. Such information is not authorized, prepared,
verified, or updated by T. Rowe and may be inaccurate, incomplete, untimely, or inconsistent with T. Rowe’s public
disclosures.

GLOSSARY

In this prospectus, each of
the following terms has the meaning set forth below:

Administration
Agreement The Administration Agreement between the Administrator and the Sponsor.

Administrator
T. Rowe Price Associates, Inc.

Authorized
Participant A person who, at the time of submitting an order to create or redeem one or more Creation Units (i) is a
registered broker-dealer, (ii) is a DTC Participant or an Indirect Participant, and (iii) has in effect a valid Authorized Participant
Agreement.

Basket
Quantity of crypto assets and other portfolio assets

Blockchain
A decentralized, distributed, and public digital transaction ledger that is continuously updated and reconciled among
certain users and is protected by cryptography.

Business
Day Any day other than: (1) a Saturday or a Sunday, or (2) a day on which the Exchange is closed for regular trading.

Cash
Custodian [ ].