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

T. Rowe Price has launched its first actively managed multi-token spot ETF, called T. Rowe Price Active Crypto ETF (Ticker: TKNZ). The fund began trading on July 16 and is designed to provide diversified exposure to leading crypto assets, such as Bitcoin, Ethereum, Binance, XRP, Solana, Hyperliquid, and others.

The T. Rowe Price Active Crypto ETF uses a research-driven, risk-aware active management approach to capitalize on emerging trends, momentum-driven rallies, and market rotations among crypto assets. It is managed by Blue Macellari, who has over 20 years of investment experience in alternative asset management, along with four co-portfolio managers.

The fund's net expense ratio is 0.75%, effective until May 31, 2027. According to Macellari, active management plays a crucial role in the rapidly evolving and potentially volatile crypto space.