T. Rowe Price launched its first actively managed spot crypto ETF on Thursday, July 16, under the ticker TKNZ on NYSE Arca. The fund holds a diversified basket of digital assets, starting with Bitcoin, Ether, BNB, Solana, XRP, and others. It's the first multi-token spot ETF from a major traditional asset manager.
SEC approval came last month
The SEC approved the listing in Order Release No. 34-105681 on June 12, 2026. TKNZ is a spot ETP, not a futures product, meaning it holds the actual crypto assets rather than derivatives contracts. That avoids the roll costs associated with futures-based ETFs but introduces the operational realities of custody and on-exchange liquidity.
What's inside the fund
Initial assets under management were roughly $15 million. The starting weights: Bitcoin 40.75%, Ether 18.42%, BNB 11.01%, Solana 9.44%, XRP 9.37%, HYPE 6.45%, Stellar 3.00%, Dogecoin 1.28%, USDC 0.16%, and cash 0.11%. Under normal conditions, the fund holds between 5 and 15 eligible assets. The filing listed candidates including Cardano, Avalanche, Litecoin, Polkadot, Hedera, Bitcoin Cash, Chainlink, Shiba Inu, and Sui. Weights can change at the manager's discretion.
Fee structure and management
The net management fee is 0.75% through a waiver that runs until May 31, 2027. After that, it's scheduled to revert to 0.90%. T. Rowe Price's team actively manages the portfolio, aiming to provide diversified spot crypto exposure. There's no guarantee of outperformance.
The fund is now trading. Investors can buy and sell shares on NYSE Arca during regular market hours. The next concrete milestone is the fee waiver expiration on June 1, 2027, unless the firm extends it. For now, T. Rowe Price becomes the latest traditional finance heavyweight to offer direct crypto exposure in an ETF wrapper.
