$1.9 trillion asset manager T. Rowe Price bets on active management with first multi-token crypto ETF
T. Rowe Price launched what it says is the industry's first actively managed multi-token spot crypto ETF, offering diversified exposure to digital assets.
AI Summary
T. Rowe Price has launched the T. Rowe Price Active Crypto ETF (TKNZ), calling it the industry's first actively managed multi-token spot crypto ETF. The fund holds a diversified basket of cryptocurrencies including bitcoin, ether, BNB, XRP, solana and Hyperliquid, with portfolio managers adjusting allocations based on market conditions rather than tracking a fixed index. The $1.9 trillion asset manager's move expands its digital asset offerings beyond single-token products.