T. Rowe Price launches active crypto ETF

Global asset manager T. Rowe Price launched its T. Rowe Price Active Crypto ETF (TKNZ) on July 16, according to Nate Geraci, CEO of asset management firm Novadius Wealth Management, in a post on X. Geraci noted that T. Rowe Price has approximately $2 trillion in assets under management and that the crypto bear market has not deterred traditional finance firms from entering the space. He added that it might even present a better opportunity for them.