T. Rowe Price Launches TKNZ Multi-Crypto ETF with 40.75% Bitcoin Allocation

T. Rowe Price, a firm managing $1.89 trillion in projected assets by the end of June 2026, launched TKNZ, an actively managed multi-crypto asset ETF that began trading on the New York Stock Exchange ARCA. The fund started with approximately $15 million in assets and represents the first actively managed multi-token spot crypto ETF in the sector. The launch follows an application filed in October 2025, with the fund's active management approach allowing portfolio adjustments based on T. Rowe Price's fundamental analysis, market assessments, momentum indicators, and trend analysis. Unlike passive crypto ETFs that track specific indices, TKNZ invests in a diversified basket of crypto assets to achieve long-term capital growth.

TKNZ Allocates 40.75% to Bitcoin in Initial Portfolio

The fund allocated the largest share of its initial portfolio to Bitcoin at 40.75%, while Ethereum accounted for 18.42%. The distribution of other crypto assets in the fund's initial portfolio is as follows:

• Bitcoin (BTC) – 40.75%
• Ethereum (ETH) – 18.42%
• BNB – 11.01%
• Solana (SOL) – 9.44%
• XRP – 9.37%
• Hyperliquid (HYPE) – 6.45%

TKNZ's portfolio managers can adjust the crypto assets and their weightings in the fund based on T. Rowe Price's fundamental analysis, market assessments, momentum indicators, and trend analysis. The fund's prospectus submitted to the SEC states that TKNZ will not directly track any particular cryptocurrency index.

Blue Macellari Leads Fund Management Team

Blue Macellari, head of T. Rowe Price's digital assets unit, serves as TKNZ's chief portfolio manager. Four assistant portfolio managers also contribute to the fund's management.

Fund Charges 0.75% Annual Fee with No Initial Staking

The fund has an annual management fee of 0.75%. TKNZ will not initially offer additional returns through staking, though the company reserves the option to consider staking in the future.

FAQ

What crypto assets does TKNZ hold in its initial portfolio?

TKNZ's initial portfolio consists of six crypto assets: Bitcoin (40.75%), Ethereum (18.42%), BNB (11.01%), Solana (9.44%), XRP (9.37%), and Hyperliquid (6.45%).

When did T. Rowe Price apply for the TKNZ ETF?

T. Rowe Price initially applied for the fund in October 2025.

What is the annual management fee for TKNZ?

The fund charges an annual management fee of 0.75%.