Cardano Price Prediction as $1.9T T. Rowe Adds ADA to Active Crypto ETF

Cardano (ADA) price is up by 11% today, August 21, to trade at $0.212 at the time of writing. The gains mirror the broader market’s uptrend as most altcoins reach multi-month highs. Cardano’s ascending channel suggests that the gains could continue as T.Rowe also adds exposure to ADA in its Active Crypto ETF.

T.Rowe Adds ADA to Crypto ETF

T.Rowe, an asset manager with $1.87 trillion in assets under management, launched its Active Crypto ETF (TKNZ) in July 2026. At the time of launch, the ETF offered access to Bitcoin (BTC) and multiple altcoins, but excluded Cardano.

Data from T.Rowe now shows that the original weightings have changed, with Cardano being a new entrant to the fund with a weighting of 0.43%. The fund now holds 416,620 ADA valued at $81,000.

The addition comes barely two weeks after Grayscale withdrew an application for a Cardano ETF on August 10, as earlier reported by CoinGape. The withdrawal caused a decline in Cardano price to $0.196.

ADA has since recovered from these lows, to trade at $0.21, after the new addition to the T.Rowe ETF increased the buy-side pressure because of optimism around increased demand for ADA by institutions.

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