T. Rowe Price launched TKNZ, an actively managed multi-token crypto ETP on NYSE Arca, holding 7 coins. Fee 0.75%. Blue Macellari leads the team.
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T. Rowe Price (TROW) entered the crypto ETP space on July 16, listing the T. Rowe Price Active Crypto ETF (ticker: TKNZ) on NYSE Arca. The fund is an actively managed, multi-token spot product – the first of its kind from a major traditional asset manager, the firm said.
Eligible holdings include Bitcoin, Ethereum, BNB, XRP, Solana, Hyperliquid, and additional assets selected by the portfolio team. The fund is structured as a Delaware statutory trust, not a 1940 Act ETF. That setup lets it hold cryptocurrencies directly, said a company spokesperson.
Blue Macellari, who joined T. Rowe Price in 2022 to lead digital assets, serves as the primary portfolio manager. She has more than two decades in alternatives. Four co-managers support her: Stefan Hubrich (21 years), David Kroger (9), Sean McWilliams (17), and Dante Pearson (13).
The management fee is 0.75% through May 31, 2027, then 0.90% after that.
“The crypto sector’s volatility and rapid evolution make skilled management especially valuable,” Macellari said. “Investors now have a curated, expert-led basket of coins that removes much of the complexity involved in assembling their own allocations.”
Tim Coyne, global head of ETFs at T. Rowe Price, called the launch a logical extension of the firm’s research heritage. The active ETF lineup now reaches 34 products.
T. Rowe Price held roughly $1.89 trillion in assets under management as of late June 2026, much of it retirement money. The firm had tracked blockchain and digital assets for years before building proprietary trading infrastructure and striking custody deals, Macellari said.
Crypto ETPs carry specific risks: extreme price swings, limited track records, regulatory uncertainty, and potential government action that could disrupt markets or impair asset values, the prospectus warns. Shares trade at market prices that may differ from net asset value.
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