T. Rowe Price has launched its first actively managed multi-token spot crypto exchange-traded product.
It comes as asset managers rapidly expand regulated cryptocurrency offerings for mainstream investors.
Blue Macellari, T. Rowe Price’s head of digital assets, said active management would become “crucial” in the fast-moving crypto market.
She said: “Through the launch of the T. Rowe Price Active Crypto ETF, investors can gain access to a thoughtfully curated, professionally managed multi-coin portfolio that helps eliminate the guesswork of building a crypto allocation on their own.”
The T. Rowe Price Active Crypto ETF, trading under the ticker TKNZ on NYSE Arca, began trading on Thursday. The fund offers exposure to a basket of digital assets including Bitcoin, Ethereum, Binance Coin, XRP, Solana and Hyperliquid, with allocations actively adjusted by portfolio managers.
Unlike many crypto investment products that track a single token or follow passive indices, TKNZ uses a research-led approach aimed at identifying market trends, momentum shifts and rotations between digital assets.
Macellari, who has led T. Rowe Price’s digital assets strategy since 2022, manages the fund alongside four co-portfolio managers. The product carries a management fee of 0.75%, net of a fee waiver in place until May 2027.
Tim Coyne, global head of exchange-traded funds at T. Rowe Price, said the launch marks a natural extension of the firm’s active investment heritage and research capabilities.
It represents T. Rowe Price’s first exchange-traded product focused on digital assets and brings its active exchange-traded range to 34 products.
The move comes as institutional interest in crypto investment vehicles continues to grow. US spot Bitcoin ETFs have attracted billions of dollars in assets following regulatory approvals, helping bring cryptocurrency investing into traditional brokerage accounts.
T. Rowe Price managed about $1.89 trillion in client assets as of June 30, 2026, making it one of the world’s largest asset managers.
The company says it has spent several years building digital asset trading infrastructure and researching blockchain technology before the launch.
