- T. Rowe Price launched its first crypto ETF.
- The actively managed fund invests in multiple cryptocurrencies.
- Bitcoin and Ethereum make up the largest holdings.
- The ETF gives investors diversified crypto exposure.
Asset management giant T. Rowe Price has officially entered the crypto ETF market with the launch of its actively managed multi-token fund trading under the ticker TKNZ.
Unlike spot Bitcoin ETFs that track a single asset, the new fund actively adjusts its portfolio based on market conditions and research. It launched with Bitcoin representing about 41% of assets, followed by Ethereum, BNB, Solana, XRP, Hyperliquid, and several other cryptocurrencies.
The ETF began trading with approximately $15 million in assets under management and carries a 0.75% management fee. While the fund can invest in proof-of-stake assets, it will not initially generate staking rewards.
The launch highlights growing institutional demand for diversified crypto investment products that provide exposure beyond Bitcoin and Ethereum.
