T. Rowe Price, the $1.89 trillion asset manager, launched the T. Rowe Price Active Crypto ETF (TKNZ) on NYSE Arca — the first actively managed multi-token spot crypto exchange-traded product in the marketplace. The fund holds a diversified portfolio across Bitcoin, Ethereum, BNB, XRP, Solana, and Hyperliquid, with active allocation adjustments led by Blue Macellari, Head of Digital Assets since 2022.
T. Rowe Price, the $1.89 trillion asset manager, launched the T. Rowe Price Active Crypto ETF (TKNZ) on NYSE Arca — the first actively managed multi-token spot crypto exchange-traded product in the marketplace. The fund holds a diversified portfolio across Bitcoin, Ethereum, BNB, XRP, Solana, and Hyperliquid, with active allocation adjustments led by Blue Macellari, Head of Digital Assets since 2022.
On July 16, 2026, T. Rowe Price (NASDAQ: TROW) announced the launch of the T. Rowe Price Active Crypto ETF (Ticker: TKNZ), which began trading on NYSE Arca. The fund is the first actively managed multi-token spot exchange-traded product offered in the marketplace, providing exposure to a portfolio of crypto assets including Bitcoin, Ethereum, BNB, XRP, Solana, Hyperliquid, and others from an eligible universe.
Unlike existing single-token crypto ETFs (e.g., BlackRock's IBIT for Bitcoin, ETHA for Ethereum) or passively indexed products, TKNZ employs T. Rowe Price's research-driven active management approach. Portfolio managers actively adjust holdings based on market conditions, emerging trends, momentum-driven rallies, and rotations among crypto assets.
The fund is managed by Blue Macellari, who has served as Head of Digital Assets at T. Rowe Price since 2022 and has over 20 years of investment experience in alternative asset management. She is joined by four co-portfolio managers: Stefan Hubrich (21 years experience), David Kroger (9 years), Sean McWilliams (17 years), and Dante Pearson (13 years). Macellari has been responsible for developing and leading the implementation and execution of the firm's digital asset strategy across crypto tokens, protocols, and exchange-traded funds since 2022.
Key product details:
T. Rowe Price manages $1.89 trillion in client assets as of June 30, 2026, with approximately two-thirds in retirement-related accounts. The firm is renowned for over 85 years of investment excellence and is one of the most conservative, research-driven asset managers in traditional finance.
The launch comes at a pivotal moment in market dynamics. Since July 1, the iShares Semiconductor ETF (SOXX) — a proxy for the AI momentum trade — is down 17.6%, while the iShares Bitcoin ETF (IBIT) is up 9.5%, a 2,700 basis point divergence in less than three weeks. Goldman Sachs reported that on July 13, over 1.2 million leveraged retail accounts in South Korea triggered margin calls, with 320,000–360,000 fully liquidated, as the AI stock rout cascaded through global markets. Crypto has held steady through the deleveraging, with Bitcoin maintaining the $64,000–$65,000 range.
"Given the rapidly evolving and potentially volatile nature of crypto assets, active management plays an incredibly meaningful role in this space," said Macellari. "Through 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."
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