T. Rowe Price launches first active multi-token crypto ETF

A major legacy asset manager has launched what it describes as the first actively managed, multi-token spot cryptocurrency exchange-traded fund, marking a significant strategic expansion into digital assets. The T. Rowe Price Active Crypto ETF, trading under the ticker TKNZ on the NYSE Arca, began trading on Thursday, July 16, 2026. The fund provides investors with exposure to a diversified portfolio of leading cryptocurrencies through a single investment vehicle, managed by a team that can actively adjust allocations based on market research and conditions.

The Baltimore-based firm, which oversees approximately $1.9 trillion in assets, filed for the fund in October 2025. The launch represents a move beyond the single-asset crypto ETFs that have dominated the market, offering a product that allocates across several digital assets. The fund's initial portfolio opened with roughly $15 million in assets and is led by Blue Macellari, the firm's head of digital assets, alongside four co-portfolio managers.

Unlike passive funds that track a fixed index, the actively managed structure allows portfolio managers to shift weightings among cryptocurrencies in response to market trends,...