T. Rowe Price launches its first actively managed multi-token crypto ETF, the TKNZ Active Crypto ETF, which begins trading Thursday. Multiple outlets report that the fund targets diversified exposure to spot crypto assets rather than tracking a single token. The ETF is described by the firm as the industry’s first actively managed multi-token spot crypto ETF, positioning the strategy around active selection within a basket of digital assets.

CoinDesk and The Block both note that the product was filed in October, and the launch follows the regulatory process associated with the filing. The reported structure emphasizes active management alongside multi-token exposure, aiming to provide a broader representation of the crypto market than single-asset spot ETFs.

No additional details on fees, specific holdings, or performance are included in the provided excerpts. Overall, the coverage agrees on the company, the product name, the active multi-token spot focus, and the timing of the launch.