T. Rowe Price Launches First Active Multi-Token Spot Crypto ETP

T. Rowe Price has launched the T. Rowe Price Active Crypto ETF (TKNZ), describing it as the industry's first actively managed multi-token spot exchange-traded product. The fund provides actively managed exposure to a diversified portfolio of leading cryptocurrencies—including Bitcoin, Ethereum, Binance Coin, XRP, Solana, and Hyperliquid—using a research-driven approach designed to capitalize on market rotations, momentum, and emerging trends. Managed by Blue Macellari and a team of four co-portfolio managers, TKNZ began trading on NYSE Arca with a 0.75% management fee through May 31, 2027 (rising to 0.90% thereafter). The launch marks T. Rowe Price's first digital asset exchange-traded product and expands its active exchange-traded lineup to 34 funds.