In the U.S., the first actively managed spot crypto product with a basket of multiple tokens has been launched.
On July 16, trading began on the NYSE Arca exchange for the T. Rowe Price Active Crypto ETF, under the ticker #TKNZ. The fund is not tied to a single asset: managers can adjust the composition and allocation of cryptocurrencies in the portfolio based on market conditions.
At launch, the basket included:
▪️ Bitcoin — #BTC
▪️ Ethereum — #ETH
▪️ BNB — #BNB
▪️ Solana — #SOL
▪️ XRP — #XRP
▪️ Hyperliquid — #HYPE
▪️ Stellar — #XLM
▪️ Dogecoin — #DOGE
▪️ USD Coin — #USDC
The largest positions at launch were BTC and ETH: approximately 40.8% and 18.4% of the portfolio, respectively. The fund’s composition is not fixed and may change.
The launch was backed by T. Rowe Price—a one of the oldest traditional asset managers. The company has been operating for over 85 years and manages client assets totaling $1.89 trillion.
Formally, TKNZ is more accurately described as an exchange-traded product—ETP: it directly holds crypto assets but is not registered as a classic ETF under the Investment Company Act of 1940.
BTC - 40%, ETH - 18%, BNB - 11%, SOL - 9%, XRP - 9%, HYPE - 6%, XLM - 3%