T. Rowe Price, which manages $1.89 trillion in client assets, has launched TKNZ, an actively managed multi-token spot exchange-traded fund (ETF) offering exposure to bitcoin, ether, XRP, and other leading cryptocurrencies.
Key Takeaways
T. Rowe Price, which manages $1.89 trillion in client assets, combines multiple spot crypto assets in an actively managed portfolio. BTC represented 41.13% of holdings, while ETH, BNB, SOL and XRP formed the next-largest positions, according to latest data.The fund allows managers to adjust allocations based on market trends, momentum shifts and rotations across the crypto sector.The firm stated:
“The fund is the first actively managed multi-token spot exchange-traded product offered in the marketplace. It began trading on NYSE Arca today.”
Blue Macellari, T. Rowe Price’s head of digital assets, manages TKNZ with co-portfolio managers Stefan Hubrich, David Kroger, Sean McWilliams, and Dante Pearson. Their investing experience ranges from nine to 21 years, while Macellari has more than two decades of experience in alternative asset management.
What the Initial Holdings Reveal About TKNZ
