T. Rowe Price filed a free writing prospectus on October 28, 2026, disclosing a quarterly ETF update that included the launch of six new ETFs in Q3 2026, among them the T. Rowe Price Active Crypto ETF (TKNZ), as total ETF AUM reached $34.9B.

Key Highlights

  • Six new ETFs launched in Q3 2026: The new strategies include the T. Rowe Price Active Crypto ETF (TKNZ), Securitized Income ETF (TSCZ), Dynamic Emerging Markets Bond ETF (TDEM), Biotech ETF (TDNA), Small-Cap ETF (TSEE), and Mid-Cap Equity Research ETF (TMID), bringing the total lineup to 39 strategies.
  • Total ETF AUM of $34.9B: According to the filing, total assets under management across the ETF lineup reached $34.9B by the end of Q3 2026.
  • Q3 2026 ETF flows of $4.4B: The filing reports that flows across all T. Rowe Price ETFs came in at $4.4B for the third quarter.
  • Active Crypto ETF regulatory status: The filing states that the T. Rowe Price Active Crypto ETF "is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940."
  • U.S. ETF industry flows hit $1.47T through three quarters: According to the filing, citing Morningstar Direct data as of September 30, 2026, flows in U.S.-listed ETFs through the first three quarters of 2026 reached $1.47T, exceeding the full-year 2025 record of $1.46T.
  • Active ETF flows of $167B in Q3 2026: The filing notes active ETF flows in Q3 reached $167B, bringing the three-quarter total to $511B, exceeding the 2025 full-year record of $454B.

T. Rowe Price Discloses Q3 2026 ETF Expansion and Active Crypto Fund Structure

T. Rowe Price filed a free writing prospectus disclosing a quarterly ETF update communicated to financial professionals. The filing centers on activity during Q3 2026, including the addition of six new ETFs to the firm's lineup. Among the new launches is the T. Rowe Price Active Crypto ETF, trading under the ticker TKNZ, which the filing notes is organized as a Delaware statutory trust, with T. Rowe Price Sponsor LLC serving as sponsor and T. Rowe Price Investment Services, Inc. serving as distributor.

The filing states that the T. Rowe Price Active Crypto ETF is not registered under the Investment Company Act of 1940 and "is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940." It also states the trust "is not a commodity pool for purposes of the Commodity Exchange Act." The filing lists risk considerations specific to crypto investing, including "extreme price volatility from trading activity, regulatory uncertainty, lightly or unregulated oversight, security breaches, fraud or otherwise."

Across the broader ETF industry, the filing cites Morningstar Direct data showing that active ETF flows through three quarters of 2026 totaled $511B, with active equity ETFs capturing 59% of those flows and fixed income ETFs accounting for 38%. The filing notes that active ETF flows represented 33% of all U.S.-listed ETF flows in the period. The communication is labeled "For Financial Professional Use Only. Not For Further Distribution."

What Was Disclosed

The free writing prospectus disclosed Q3 2026 ETF franchise metrics for T. Rowe Price, the launch of six new ETFs including TKNZ, the regulatory and structural status of the Active Crypto ETF, and broad U.S. active ETF industry flow data sourced from Morningstar Direct as of September 30, 2026.