T. Rowe Price has officially launched its first cryptocurrency fund, TKNZ, which began trading on the New York Stock Exchange. This multi-asset ETF marks a significant milestone as the first actively managed multi-token spot crypto ETF in the field.
The fund opened with approximately $15 million in assets, with Bitcoin taking the lead, comprising 40.75% of the initial portfolio. Ethereum follows with a substantial 18.42%, while other altcoins have their stakes distributed as follows:
- Bitcoin (BTC) 40.75%
- Ethereum (ETH) 18.42%
- BNB 11.01%
- Solana (SOL) 9.44%
- XRP 9.37%
- Hyperliquid (HYPE) 6.45%
T. Rowe Price, which is on track to manage a total of $1.89 trillion by mid-2026, indicated that TKNZ will not follow a specific cryptocurrency index. Instead, it aims for long-term capital growth by investing in a diversified basket of cryptocurrency assets. Portfolio managers will have the flexibility to adjust asset allocations based on T. Rowe Price's market analysis and trends.
The fund’s annual management fee is set at 0.75%, and while it will not initially offer staking options for extra returns, future consideration for staking remains open. Blue Macellari, leading the company’s digital assets division, is the chief portfolio manager for TKNZ and is supported by a team of assistant portfolio managers.
In October 2025, T. Rowe Price first applied for this innovative fund. As the cryptocurrency market continues to evolve, offerings like TKNZ reflect a growing institutional interest in the sector.
This is not investment advice.
