Overview
- The T. Rowe Price Active Crypto ETF (TKNZ) began trading on July 16, 2026, on NYSE Arca and opened with about $15 million in assets largely seeded by a T. Rowe Price affiliate.
- TKNZ is an actively managed fund that may hold 5–15 tokens and published opening weights with bitcoin at about 40.75% and ether at about 18.42%.
- The initial portfolio also includes BNB, Solana, XRP and Hyperliquid, with Hyperliquid starting at roughly 6.45% and further purchases of that token tied to a share‑threshold in the prospectus.
- T. Rowe Price set a temporary net fee waiver of 0.75% through May 31, 2027, after which the net management fee is scheduled to rise to 0.90%, and the fund uses Anchorage Digital Bank for custody.
- Market participants view the launch as a short‑term experiment: T. Rowe Price’s distribution reach and adviser placements over the next quarter will determine whether multi‑token active ETFs can win meaningful institutional allocations.