Bitcoin Isn't Everything: First Active Spot Crypto ETF Diversifies Across Nine Tokens

T. Rowe Price Active Crypto ETF

T. Rowe Price Active Crypto ETF

TKNZ

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T. Rowe Price has entered the rapidly expanding digital asset ETF market with the launch of the T. Rowe Price Active Crypto ETF (NYSE:TKNZ), claiming the industry’s first actively managed multi-token spot ETF. The ETF began trading on Thursday and seeks to differentiate itself from the growing list of single-token and passive crypto funds through active portfolio management aimed at capturing market rotations and emerging opportunities across digital assets.

The launch also marks a notable move for one of Wall Street’s oldest active managers into crypto investing. Bloomberg ETF analyst Eric Balchunas highlighted that TKNZ debuted with $15 million in assets and starts with a portfolio that is underweight Bitcoin while allocating more heavily to alternative cryptocurrencies, particularly Hyperliquid.

TKNZ Portfolio manager Blue Macellari, said active management is especially valuable in the fast-moving crypto market, allowing the fund to capitalize on momentum shifts while reducing the burden on investors of building and rebalancing their own crypto portfolios.

Key features of TKNZ:

  • Opening assets: Approximately $15 million
  • Management fee: 0.75% (fee waiver in effect through May 31, 2027)
  • Investment approach: Research-driven active management focused on crypto market trends, momentum and sector rotations

Initial portfolio allocation:

  • Bitcoin: 40.75%
  • Ethereum: 18.42%
  • Binance Coin: 11.01%
  • Solana: 9.44%
  • XRP: 9.37%
  • Hyperliquid: 6.45%
  • Stellar: 3.00%
  • Dogecoin: 1.28%
  • USD Coin: 0.16%
  • Cash: 0.11%

Read Also: Lucid's 50% Selloff Ends First US 2x Single-Stock ETF, Exposing the Limits of Leverage

Photo: Aree S via Shutterstock

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