Asset manager giant T. Rowe Price launches its first multi-coin crypto spot ETF, heavily holding BTC, ETH, and SOL

According to The Block, T. Rowe Price, with an asset management scale of up to $1.9 trillion, officially launched the industry’s first “active managed multi-coin spot crypto ETF” today (the 16th) (code: TKNZ). The fund not only covers Bitcoin and Ether, but also includes multiple popular competing coins such as SOL and HYPE, demonstrating growing acceptance of crypto assets by traditional Wall Street institutions.
(Background: Big news! Japan’s upper house passes that crypto assets are financial products! The tax rate is cut to 20%, paving the way for a Bitcoin ETF)
(Additional background: Japan’s finance minister Akiro Kato gives an opening comment: crypto ETFs have been unlocked, and Japan can no longer be absent)

As cryptocurrencies gradually integrate into the global financial system, traditional Wall Street institutions are also accelerating their moves. On July 16, 2026 (Taipei time), T. Rowe Price, a traditional asset management giant headquartered in Baltimore with nearly 90 years of history and an asset management scale of $1.9 trillion, officially announced that its crypto ETF has been listed on the NYSE Arca (NYSE Arca).

After 9 months of approvals, active management embraces diversified assets

The fund, named “T. Rowe Price Crypto ETF” (trading code: TKNZ), first filed its application in October 2025. After nearly 9 months of review, it has finally been approved for listing. Data shows that the fund’s assets under management on its first day were about $15 million, with a management fee set at 0.75%.

Unlike the passive tracking ETFs commonly seen in the market, TKNZ is positioned as the “industry’s first active managed multi-coin spot crypto ETF.” The fund’s chief portfolio investment manager is Blue Macellari, T. Rowe Price’s head of digital assets. The team can dynamically adjust the allocation ratios of various cryptocurrencies based on internal market research and macro outlooks. Notably, although the fund can invest in networks that use Proof-of-Stake (PoS) mechanisms, it currently will not stake the held assets to generate additional yield; however, the official statement says it still leaves open the possibility in the future.

Allocation details hide玄机, Bloomberg analyst: HYPE’s weighting is eye-catching

Based on the initial asset allocation published on the first day, TKNZ’s portfolio is led by the two major mainstream coins, but it also boldly includes a range of popular tokens. The specific allocation ratios are: Bitcoin (BTC) 40.75%, Ether (ETH) 18.42%, Binance Coin (BNB) 11.01%, Solana (SOL) 9.44%, XRP 9.37%, Hyperliquid (HYPE) 6.45%, Stellar (XLM) 3.00%, Dogecoin (DOGE) 1.28%, and a small amount of USDC and cash equivalents.

In response to this list, Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, offered commentary. He noted that the fund’s allocation to Bitcoin is relatively low, instead giving higher weight to other coins. In particular, Hyperliquid (HYPE), whose recent performance remains strong, has a weighting of over 6%, indicating that the fund manager has high confidence in specific emerging-sector tokens.