ETF Evaluator: T. Rowe Price Active Crypto ETF (TKNZ) Follow This ETF

T. Rowe Price Active Crypto ETF Overview

T. Rowe Price Active Crypto ETF (TKNZ) is an actively managed Miscellaneous Digital Assets exchange-traded fund (ETF). T. Rowe Price launched the ETF in 2026.

The investment seeks long-term capital growth through investments in crypto assets. The fund will employ an active investment strategy by primarily investing in a diversified basket of crypto assets, under normal market conditions. The fund uses the index to measure its performance and intends to outperform the index; the fund does not track or replicate the index.

About T. Rowe Price Active Crypto ETF (TKNZ)

There are 5 members of the management team with an average tenure of 0.04 years: Stefan Hubrich (2026), Sean McWilliams (2026), Dante Pearson (2026), David Kroger (2026) and Blue Macellari (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

T. Rowe Price Active Crypto ETF has 10 securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

T. Rowe Price Active Crypto ETF is part of the Other global asset class and is within the Miscellaneous ETF group. T. Rowe Price Active Crypto ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price Active Crypto ETF has 100.0% of the portfolio in cash.

Assets Under Management

The fund has $15 million in total assets, which is below the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

TKNZ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price Active Crypto ETF expense ratio is above average compared to funds in the Digital Assets category. T. Rowe Price Active Crypto ETF has an expense ratio of 0.75%, which is 23% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price Active Crypto ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.

Recently, in the month of July 2026, T. Rowe Price Active Crypto ETF returned 0.0%, which earned it a grade of NA, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

T. Rowe Price Active Crypto ETF has a trailing yield of 0.00%, which is below the 15.12% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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