T. Rowe Price just got the green light to do something no traditional asset manager of its size has done before: actively trade a rotating basket of crypto tokens inside an ETF wrapper.
The SEC approved the T. Rowe Price Active Crypto ETF, ticker TKNZ, for listing on NYSE Arca on June 12. The fund can hold between 5 and 15 digital assets from an eligible universe of 15 tokens, rotating among them based on fundamentals, valuations, and momentum. For a firm managing roughly $1.8 to $1.9 trillion in assets, this isn’t a toe-dip into crypto. It’s a cannonball.
How TKNZ actually works
The eligible token list includes Bitcoin, Ethereum, Solana, and XRP, along with 11 other digital assets. At any given time, the fund might hold as few as five or as many as all 15. The management fee is set at 0.75%, and the fund holds spot crypto directly, with no leverage or derivatives involved.
The path to approval wasn’t quick. T. Rowe Price first filed its S-1 in October 2025, then submitted multiple amendments through spring 2026 before finally securing the SEC’s sign-off.
