T Rowe Price Activates Crypto ETF with SEC Approval

T. Rowe Price has made history by gaining SEC approval for its Active Crypto ETF, TKNZ, which will actively trade a rotating basket of up to 15 cryptocurrencies within an ETF wrapper.

The fund can hold between five and 15 digital assets from an eligible universe of 15 tokens, including Bitcoin, Ethereum, Solana, XRP, and 11 others. The management fee is set at 0.75%, with the fund holding spot crypto directly without leverage or derivatives involved.

T. Rowe Price first filed its S-1 in October 2025 and submitted multiple amendments through spring 2026 before securing the SEC's sign-off on June 12. This marks a significant move for the firm, which manages roughly $1.8 to $1.9 trillion in assets.

The ETF's active management strategy means that it will rotate among the eligible tokens based on fundamentals, valuations, and momentum, addressing the liquidity problem associated with large trades in smaller tokens.