Trillion-dollar asset management giant T. Rowe Price launches its first actively managed multi-token crypto ETF.

T. Rowe Price, which manages approximately $1.9 trillion in assets, has officially launched TKNZ, an actively managed multi-token spot crypto ETF that began trading on the NYSE Arca on Thursday. The asset management firm noted this is the industry’s first actively managed multi-token spot crypto ETF. At launch, TKNZ held around $15 million in assets, with initial allocations including 40.75% Bitcoin, 18.42% Ethereum, 11.01% BNB, 9.44% SOL, 9.37% XRP, and 6.45% HYPE. The fund permits portfolio managers to actively adjust token allocations based on T. Rowe Price’s research and market insights, charging a 0.75% management fee. According to the fund’s prospectus, it will not generate revenue from staking its holdings in the initial phase but retains the option to introduce staking in the future. T. Rowe Price first submitted an application for the fund in October 2025. Blue Macellari, the firm’s head of digital assets, serves as chief portfolio manager, with four co-managers participating in the fund’s management.