T Rowe Price has launched its first multi-token active spot ETF, $TKNZ, marking a significant entry into the cryptocurrency market. The ETF, which opens with $15 million in assets, is notable for its underweight position in Bitcoin while being overweight in other cryptocurrencies, particularly Hype. The fund charges a fee of 75 basis points, reflecting T Rowe Price's strategic approach to crypto investments, leveraging its long-standing reputation as a stock picker since before World War II.