T. Rowe Price has launched its first crypto exchange-traded fund (ETF), the T. Rowe Price Active Crypto ETF (TKNZ), which began trading on the NYSE Arca on Thursday. The launch marks one of the first actively managed spot crypto basket ETFs available to US investors, the firm stated in a press release.

T. Rowe Price debuts multi-asset crypto ETF

The firm stated that TKNZ’s major advantage is that it is actively managed. The fund invests across a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Solana (SOL) and Hyperliquid (HYPE), with portfolio allocations adjusted based on market conditions and the firm’s investment research.

Blue Macellari, T. Rowe Price’s head of digital assets, said active management can…