T. Rowe Price Launches TKNZ Active Crypto ETF with $15M in Initial Assets, 0.75% Fee

T. Rowe Price launched the TKNZ actively managed multi-token crypto exchange-traded fund on Thursday (July 16) on NYSE Arca, marking the legacy asset manager's entry into the digital assets category. The fund began trading with approximately $15 million in initial assets and a 0.75% management fee.

TKNZ debuted with bitcoin representing 40.75% of its portfolio, ether 18.42%, BNB 11.01%, Solana 9.44%, XRP 9.37%, and Hyperliquid's HYPE token 6.45%. Unlike single-asset spot bitcoin or ether ETFs, TKNZ is designed to hold and actively rebalance a basket of major crypto assets based on T. Rowe Price's research and market outlook.