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Crypto

T. Rowe Price Launches First Actively Managed Multi-Crypto Spot ETF

Guavy AI Editorial Team
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BTC ETH BNB
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T. Rowe Price has launched the first actively managed multi-crypto spot ETF, giving investors exposure to multiple digital assets under one umbrella.

The new ETF, T. Rowe Price Active Crypto ETF (NYSEMKT: TKNZ), is a departure from most existing crypto ETFs that focus on a single coin, typically Bitcoin or Ethereum.

With a 0.75% annual fee and positions in eight cryptocurrencies, the ETF includes cash reserves and a small stake in a stablecoin, with Bitcoin, Ethereum, and Binance accounting for about 70.6% of the portfolio.

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