T. Rowe Price announced that TKNZ, an actively managed multi-crypto asset ETF, has begun trading on the New York Stock Exchange (ARCA). The company said TKNZ is the first actively managed multi-token spot crypto ETF in the industry.
T. Rowe Price’s total assets under management are expected to reach $1.89 trillion by the end of June 2026.
The fund, which began trading with around $15 million in assets, allocated the largest share of its initial portfolio to Bitcoin. Bitcoin represented 40.75% of the fund’s assets, while Ethereum represented 18.42%.
The distribution of other crypto assets in the fund’s initial portfolio is as follows:
- Bitcoin (BTC) – Up 40.75%
- Ethereum (ETH) – 18.42%
- BNB – 11.01%
- Solana (SOL) – 9.44%
- XRP-9.37%
- Hyperliquid (HYPE) – 6.45%
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Unlike passive crypto ETFs, TKNZ portfolio managers can adjust crypto assets and their weightings in the fund based on fundamental analysis, market valuations, momentum indicators and trend analysis from T. Rowe Price.
The fund’s prospectus submitted to the SEC states that TKNZ will not directly track any particular cryptocurrency index and will invest in a diversified basket of crypto assets to achieve long-term capital growth.
The fund, which carries an annual management fee of 0.75%, will not initially offer additional returns through staking. The company, however, reserves the possibility of considering participation in the future.
T. Rowe Price originally applied for the fund in October 2025. Blue Macellari, head of the firm’s digital assets unit, is TKNZ’s lead portfolio manager, while four other deputy portfolio managers also help manage the fund.
*This does not constitute investment advice.