T. Rowe Price active crypto ETF sets management fee at 0.75%

The active crypto ETF from U.S. investment firm T. Rowe Price, ticker TKNZ, has set its management fee at 75 basis points, or 0.75%, Bloomberg ETF analyst Eric Balchunas said on X. The fund, which filed an application with the U.S. SEC last month, will invest in 15 cryptocurrencies: BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE, HBAR, BCH, LINK, XLM, SHIB, and SUI. Unlike an index-tracking ETF, TKNZ is an actively managed fund where portfolio managers will actively adjust its holdings. Balchunas added that the fee is likely high because T. Rowe Price is the largest active manager and is applying its management capabilities to the fund.