Legacy asset manager T. Rowe Price officially entered the crypto exchange-traded fund market today, launching what it says is the industry's first actively managed multi-token spot crypto ETF nearly nine months after first filing for it.
The T. Rowe Price Crypto ETF, now trading under the ticker TKNZ on NYSE Arca, is designed to allocate to and actively balance a portfolio of top cryptocurrencies. The Baltimore-based investment manager oversees nearly $1.9 trillion in client assets and has been managing money for roughly 90 years.
TKNZ gives the portfolio managers the ability to adjust allocations based on T. Rowe Price's research and market outlook data.
The fund debuted with nearly 41% allocated to bitcoin and 18.4% to ether, alongside sizeable positions in BNB, Solana's SOL, XRP and Hyperliquid's HYPE, which makes up nearly 6.5% of the portfolio.
Bitcoin (BTC) 40.75%
