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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OPENAI GROUP PBC SER C TC2U0RQJ7</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="990ACVAS7"/>
        </identifiers>
        <balance>463.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>318399.030000</valUSD>
        <pctVal>0.2332234662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OPENAI GROUP PCB CLASS A TC4IZS1A8</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="990ABNQE0"/>
        </identifiers>
        <balance>691.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>475191.650000</valUSD>
        <pctVal>0.3480721777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP COMMON STOCK USD.01</title>
        <cusip>68389X105</cusip>
        <identifiers>
          <isin value="US68389X1054"/>
        </identifiers>
        <balance>14139.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2079988.290000</valUSD>
        <pctVal>1.5235664466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PALO ALTO NETWORKS INC</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>PALO ALTO NETWORKS INC COMMON STOCK USD.0001</title>
        <cusip>697435105</cusip>
        <identifiers>
          <isin value="US6974351057"/>
        </identifiers>
        <balance>5578.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>894264.960000</valUSD>
        <pctVal>0.6550383452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RENESAS ELECTRONICS CORP</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>RENESAS ELECTRONICS CORP COMMON STOCK</title>
        <cusip>639999978</cusip>
        <identifiers>
          <isin value="JP3164720009"/>
        </identifiers>
        <balance>45600.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705000"/>
        <valUSD>651953.360000</valUSD>
        <pctVal>0.4775480078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROBINHOOD MARKETS INC - A</name>
        <lei>213800FS5AO3YWIE6F63</lei>
        <title>ROBINHOOD MARKETS INC   A COMMON STOCK USD.0001</title>
        <cusip>770700102</cusip>
        <identifiers>
          <isin value="US7707001027"/>
        </identifiers>
        <balance>8642.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>598890.600000</valUSD>
        <pctVal>0.4386801732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSARA INC-CL A</name>
        <lei>529900IE80DQBIFK3M88</lei>
        <title>SAMSARA INC CL A COMMON STOCK USD.0001</title>
        <cusip>79589L106</cusip>
        <identifiers>
          <isin value="US79589L1061"/>
        </identifiers>
        <balance>32147.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1018738.430000</valUSD>
        <pctVal>0.7462136673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAP SE SPONSORED ADR</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE SPONSORED ADR ADR</title>
        <cusip>803054204</cusip>
        <identifiers>
          <isin value="US8030542042"/>
        </identifiers>
        <balance>6462.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1106359.020000</valUSD>
        <pctVal>0.8103946974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEA LTD ADR</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>SEA LTD ADR ADR USD.0005</title>
        <cusip>81141R100</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
        </identifiers>
        <balance>8905.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>737423.050000</valUSD>
        <pctVal>0.5401535294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SERVICENOW INC</name>
        <lei>549300HJTQM36M0E1G39</lei>
        <title>SERVICENOW INC COMMON STOCK USD.001</title>
        <cusip>81762P102</cusip>
        <identifiers>
          <isin value="US81762P1021"/>
        </identifiers>
        <balance>7564.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>790816.200000</valUSD>
        <pctVal>0.5792633706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHOPIFY INC - CLASS A</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>SHOPIFY INC   CLASS A COMMON STOCK</title>
        <cusip>82509L107</cusip>
        <identifiers>
          <isin value="CA82509L1076"/>
        </identifiers>
        <balance>8402.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>996645.240000</valUSD>
        <pctVal>0.7300306709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK HYNIX INC</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC COMMON STOCK KRW5000.0</title>
        <cusip>449182997</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
        </identifiers>
        <balance>4811.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1531.650000"/>
        <valUSD>2729591.850000</valUSD>
        <pctVal>1.9993932541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SNOWFLAKE INC</name>
        <lei>254900CJNSY1K7T53Z16</lei>
        <title>SNOWFLAKE INC COMMON STOCK USD1.0</title>
        <cusip>833445109</cusip>
        <identifiers>
          <isin value="US8334451098"/>
        </identifiers>
        <balance>4974.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>750178.680000</valUSD>
        <pctVal>0.5494968752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STATE STREET INS US GO MM FD-IS</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>STATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
        </identifiers>
        <balance>794067.550000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>794067.550000</valUSD>
        <pctVal>0.5816449455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Strategy Inc</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>STRATEGY INC COMMON STOCK USD.001</title>
        <cusip>594972408</cusip>
        <identifiers>
          <isin value="US5949724083"/>
        </identifiers>
        <balance>3709.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>462883.200000</valUSD>
        <pctVal>0.3390563859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYNOPSYS INC</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>SYNOPSYS INC COMMON STOCK USD.01</title>
        <cusip>871607107</cusip>
        <identifiers>
          <isin value="US8716071076"/>
        </identifiers>
        <balance>4793.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1900328.640000</valUSD>
        <pctVal>1.3919679103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR-SP ADR</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR SP ADR ADR</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
        </identifiers>
        <balance>25185.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8511270.750000</valUSD>
        <pctVal>6.2344036239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD COMMON STOCK HKD.00002</title>
        <cusip>CN01CT306</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
        </identifiers>
        <balance>37100.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.841200"/>
        <valUSD>2339983.740000</valUSD>
        <pctVal>1.7140099918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TESLA INC</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>TESLA INC COMMON STOCK USD.001</title>
        <cusip>88160R101</cusip>
        <identifiers>
          <isin value="US88160R1014"/>
        </identifiers>
        <balance>2994.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1113019.500000</valUSD>
        <pctVal>0.8152734190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOWER SEMICONDUCTOR LTD</name>
        <lei>54930086ZSNXZOUX0C54</lei>
        <title>TOWER SEMICONDUCTOR LTD COMMON STOCK ILS15.0</title>
        <cusip>M87915274</cusip>
        <identifiers>
          <isin value="IL0010823792"/>
        </identifiers>
        <balance>10043.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1762345.640000</valUSD>
        <pctVal>1.2908970197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISA INC-CLASS A SHARES</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC CLASS A SHARES COMMON STOCK USD.0001</title>
        <cusip>92826C839</cusip>
        <identifiers>
          <isin value="US92826C8394"/>
        </identifiers>
        <balance>5520.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1668364.800000</valUSD>
        <pctVal>1.2220571828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISE PLC - A</name>
        <lei>213800LD9XCHIC1C4V71</lei>
        <title>WISE PLC   A COMMON STOCK GBP.01</title>
        <cusip>TC3QWY4P5</cusip>
        <identifiers>
          <isin value="GB00BL9YR756"/>
        </identifiers>
        <balance>37399.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.755515"/>
        <valUSD>450365.600000</valUSD>
        <pctVal>0.3298873942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZSCALER INC</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
        <title>ZSCALER INC COMMON STOCK USD.001</title>
        <cusip>98980G102</cusip>
        <identifiers>
          <isin value="US98980G1022"/>
        </identifiers>
        <balance>1940.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>272162.600000</valUSD>
        <pctVal>0.1993558365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-05</ncom:dateSigned>
      <ncom:nameOfApplicant>T. Rowe Price Exchange-Traded Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
