Asset manager T. Rowe Price on Thursday debuted its first crypto exchange-traded fund, giving investors exposure to Bitcoin and other digital coins.\u00a0<\/p>\n
T. Rowe Price, which with $1.89 trillion in assets is one of the largest U.S. asset managers, said that its Active Crypto ETF is the first actively managed multi-token spot ETF on the market.\u00a0<\/p>\n
The ETF, which trades on the NYSE Arca under the ticker TKNZ, mainly gives investors exposure to Bitcoin and Ethereum, weighed 40.75% and 18.42%, respectively, but includes other assets like Solana, XRP, Hyperliquid, Dogecoin, and BNB.\u00a0<\/p>\n
T. Rowe Price applied<\/a> to the U.S. Securities and Exchange Commission for the product last October.\u00a0<\/p>\n \u201cThrough the launch of the T. Rowe Price Active Crypto ETF, investors can gain access to a thoughtfully curated, professionally managed multi-coin portfolio that helps eliminate the guesswork of building a crypto allocation on their own,\u201d Blue Macellari, who works as head of digital assets at the firm, said<\/a> in an announcement.\u00a0\u00a0<\/p>\n The announcement added that the product was the \u201cfirst of the firm\u2019s lineup\u201d for the digital asset space, hinting that more ETFs could soon follow.\u00a0<\/p>\n Writing on X Thursday, Bloomberg Intelligence\u2019s senior research analyst, James Seyffart, said<\/a>: \u201cLaunching during a bear market and I know for a fact this product was years in the making. Legacy asset managers continue to build in the crypto space despite the pullback in prices.\u201d<\/p>\n JUST IN: $1.9 trillion T. Rowe Price launched the first actively managed multi-token spot crypto ETP \ud83d\udc40<\/p>\n 40.75% of the fund is in Bitcoin\ud83d\ude80 pic.twitter.com\/lbguyJr6RO<\/a><\/p>\n<\/div>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) July 16, 2026<\/a><\/p><\/blockquote>\n <\/template><\/template> <\/div>\n<\/figure>\n In January 2024, the SEC approved<\/a> Bitcoin ETFs by BlackRock, Fidelity, Grayscale and other asset managers after years of denying applications.\u00a0<\/p>\n The funds had the most successful debut in the ETF industry\u2019s history, and now manage billions in dollars in assets.\u00a0<\/p>\n Ethereum funds followed the same year and a number of altcoin products are now on the market for U.S. and European investors.\u00a0<\/p>\n More traditional investors and Wall Street institutions can now buy crypto via shares that trade on traditional stock exchanges.\u00a0<\/p>\n Investors were previously put off by some of the harder aspects of crypto management, such as keeping private keys safe and digital coin storage.\u00a0<\/p>\n The Bitcoin ETFs in particular have helped integrate the asset into traditional finance, making it easier to borrow against or use as collateral.\u00a0<\/p>\n Under President Trump\u2019s crypto-friendly administration, regulators have become<\/a> more relaxed towards regulating the digital asset space; many SEC lawsuits and investigations targeting crypto firms have been scrapped since the Republican took office.\u00a0<\/p>\n<\/p><\/div>\n\n
Bitcoins Explosion in crypto and Bitcoin ETFs\u00a0<\/h2>\n
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