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Nate Geraci reports that T. Rowe Price has launched its first actively managed multi-crypto asset ETF, named the T. Rowe Price Active Crypto ETF (TKNZ).
Geraci highlights that this is also the first crypto ETF from the asset manager, which has nearly $2 trillion in assets. Despite the ongoing crypto bear market, the firm is entering the industry, a move Geraci suggests could be well timed.
Geraci has previously reported on regulatory choices in the ETF space, noting the U.S. Treasury Department's decision to select the State Street SPDR Portfolio S&P 500 ETF as the default for Trump accounts. He also covered the debut trading activity of leveraged SpaceX ETFs, with SPCH recording $4 billion in trading volume over four days. Both cases reflect ongoing institutional engagement with new ETF products.