T. Rowe Price, which manages nearly $2 trillion, has launched an actively managed crypto ETF holding nine digital assets, led by Bitcoin at almost 41%.
Summary
- T. Rowe Price has launched TKNZ, the first actively managed multi-token spot crypto ETF.
- Bitcoin leads the nine-asset portfolio, followed by Ethereum and BNB.
- Eric Balchunas praised the firm’s decision to launch after October’s crypto selloff.
According to a July 16 press release from T. Rowe Price, the Active Crypto ETF began trading on NYSE Arca under the ticker TKNZ. The asset manager described the product as the market’s first actively managed multi-token spot exchange-traded product.
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