T. Rowe Price Launches First Actively Managed Multi-Crypto Spot ETF
On July 26, T. Rowe Price launched the first actively managed multi-cryptocurrency spot ETF in the U.S., named the T. Rowe Price Active Crypto ETF (ticker: TKNZ). This fund offers exposure to eight cryptocurrencies under one umbrella and is distinct from single-coin crypto ETFs that typically focus on Bitcoin or Ethereum. The portfolio includes major digital assets like Bitcoin, Ethereum, Binance Coin, and Stellar Lumen, with these four accounting for about 70.6% of the holdings. The fund's active management approach sets it apart in a market where most existing spot crypto ETFs are passively managed. Managed by Blue Macellari, who has over two decades of experience in alternative assets, this is T. Rowe Price’s first actively managed cryptocurrency product and its 34th actively managed ETF overall. The fund charges an annual fee of 0.75%, with a temporary waiver reducing the cost until May 2027. The launch comes amid growing interest in crypto investment vehicles as well as increasing competition among new ETFs. This multi-coin, active approach may appeal to investors seeking diversified exposure without picking individual cryptocurrencies.
Tickers: $TROW