Key facts
- T. Rowe Price launched its first actively managed crypto ETF, TKNZ.
- The ETF trades on NYSE Arca and includes Bitcoin, Ethereum, XRP, Solana, BNB, Dogecoin, Shiba Inu, and Hyperliquid.
- It is the first U.S. fund to offer spot exposure to Shiba Inu.
- The fund aims to capitalize on emerging trends and momentum in crypto assets.
- A fee waiver is in place until May 31, 2027, with a 0.75% management fee thereafter.
T. Rowe Price, an asset manager overseeing nearly $2 trillion in assets, has launched its inaugural actively managed cryptocurrency exchange-traded fund (ETF). The fund, trading on NYSE Arca under the ticker TKNZ, offers exposure to a basket of digital assets including Bitcoin, Ethereum, XRP, Solana, BNB, Dogecoin, Shiba Inu, and Hyperliquid. This marks the first U.S. fund to provide spot exposure to Shiba Inu.
The T. Rowe Price Active Crypto ETF is designed to identify and capitalize on emerging trends, momentum-driven rallies, and market rotations within the cryptocurrency space. The firm has implemented a net fee waiver that will remain effective until May 31, 2027, after which the management fee will be 0.75%.
Bloomberg analyst Eric Balchunas highlighted the strategic timing of the launch, suggesting it was prudent to wait for market volatility to subside. The ETF received SEC approval last month, following an initial filing around the time of a significant crypto market downturn.