Overview
- T. Rowe Price launched the Active Crypto ETF (ticker TKNZ), which began trading Thursday, July 16, with roughly $15 million in launch‑day assets and published holdings that show Bitcoin around 40.75% and ether about 18.42%.
- The fund is actively managed to hold between 5 and 15 tokens and started with positions that include Bitcoin, Ethereum, BNB, XRP, Solana, Hyperliquid and Dogecoin.
- TKNZ charges a net management fee of 0.75% through May 31, 2027 under a temporary waiver and will revert to a 0.90% fee after that period.
- T. Rowe Price named Blue Macellari as lead manager with four co‑portfolio managers and uses Anchorage Digital Bank for institutional custody, while an affiliate supplied most of the initial capital.
- The launch follows years of product development and SEC approval and will test whether institutions adopt a higher‑fee, actively managed multi‑token approach compared with existing single‑asset crypto ETFs.