T. Rowe Price Launches Its First Actively Managed Multi-Token Crypto ETF

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PANews, July 17 — According to The Block, T. Rowe Price, with about $1.9 trillion in assets under management, officially launched its TKNZ actively managed multi-coin crypto ETF on Thursday. It is listed on the NYSE Arca, nearly nine months after the first application was submitted.

The fund is the first actively managed multi-coin spot crypto ETF. Its initial assets are about $15 million, with a management fee of 0.75%.

The ETF’s initial allocation is 40.75% Bitcoin, 18.42% Ethereum, 11.01% BNB, 9.44% Solana, 9.37% XRP, 6.45% Hyperliquid, 3.00% Stellar, and 1.28% Dogecoin. Bloomberg senior ETF analyst Eric Balchunas said the ETF’s initial allocation is “lower than expected for Bitcoin and higher than most other holdings, especially HYPE.” The fund does not currently participate in staking, but keeps the possibility of introducing it in the future.

ETH-3.19%
BTC-1.98%
BNB-2.16%
SOL-2.21%
XRP-1.97%
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