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 stated that TKNZ is the first actively managed multi-token spot crypto ETF in the sector.
T. Rowe Prices total assets under management are projected to reach $1.89 trillion by the end of June 2026.
The fund, which began trading with approximately $15 million in assets, allocated the largest share of its initial portfolio to Bitcoin. Bitcoin constituted 40.75% of the funds assets, while Ethereum accounted for 18.42%.
The distribution of other crypto assets in the funds 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‘s portfolio managers can adjust the crypto assets and their weightings in the fund based on T. Rowe Price’s fundamental analysis, market assessments, momentum indicators, and trend analysis.
The funds 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 has an annual management fee of 0.75%, will not initially offer additional returns through staking. However, the company reserves the option to consider staking in the future.
T. Rowe Price had initially applied for the fund in October 2025. Blue Macellari, head of the company‘s digital assets unit, serves as TKNZ’s chief portfolio manager, while four other assistant portfolio managers also contribute to the funds management.
*This is not investment advice.