The insoluble Prussian-blue (PB) pigment becomes possible to disperse in aqueous solution by covering their surfaces with ferrocyanide anions. The thin film fabricated with these water-dispersible PB nanoparticles shows evident electrochromic color changes between +0.8 V to -0.4 V on an ITO substrate. The mass change of the thin film during an electrochemical reaction is measured by means of electrochemical quartz crystal microbalance (EQCM). According to the EQCM analysis, the filling rate of water-dispersible PB nanoparticles in the film is 37.7% as compared with an assumed perfect crystal PB film.