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ETF Comparison

IBIT vs TKNZ: Which Is the Better Pick in 2026?

A head-to-head comparison of iShares Bitcoin Trust ETF and T. Rowe Price Active Crypto ETF covering yield, cost, risk, and income potential.

Data updated July 23, 2026

ETFs477
Total AUM$4543B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.

See our curated list of related YouTube videos on IBIT.

ETFs33
Total AUM$30.1B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

T. Rowe Price is a prominent asset manager recognized for its research-driven approach to ETF investing across multiple asset classes. The firm's 20-fund ETF lineup spans bond, dividend, and equity strategies, offering investors options for income generation, growth, and diversified exposure across market segments. Notable offerings include dividend-focused funds and fixed-income ETFs with tickers such as TAGG, TCAF, and TCHP, positioning the issuer as a broad-based provider serving both income-seeking and growth-oriented investors.

See our curated list of related YouTube videos on TKNZ.

Side-by-side snapshot

IBITTKNZ
Full nameiShares Bitcoin Trust ETFT. Rowe Price Active Crypto ETF
IssueriSharesT. Rowe Price
Last Close$36.65 as of July 23, 2026$24.38 as of July 23, 2026
Distribution yield0.00%
Distribution Safety Score™
Expense ratio0.12%0.75%
AUM$48.0B
Distribution frequencyNone
Underlying indexBitcoin
ObjectiveProvide exposure to bitcoin price performance through a physically backed trust structure.
Asset classEquityCrypto
Inception date01/11/202407/16/2026
Beta1.8887

— Distribution yield, last dividend, and ex-dividend date are not yet available because TKNZ launched July 2026; these fields will populate after the first distribution.

Bottom lineIBIT and TKNZ are nearly interchangeable — both offer very similar bitcoin spot exposure with very similar cost and risk. The clearest tie-breaker is cost: IBIT is cheaper at 0.12% vs 0.75%.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

SymbolYTDSince Jul 2026
IBIT-28.05%0.71%
TKNZ-1.09%-1.09%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 23, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jul 2026” measures every fund from July 16, 2026 — the youngest fund's first trading day — so all funds share one comparison window.

Quick verdict

IBIT (iShares Bitcoin Trust ETF) and TKNZ (T. Rowe Price Active Crypto ETF) are both ETFs, but they take different approaches.

IBIT is cheaper with an expense ratio of 0.12% compared to 0.75%.

Deep dive

Yield & income

On a $10,000 investment, IBIT has no reported distribution yield yet, so a monthly income estimate is not available, while TKNZ has no reported distribution yield yet, so a monthly income estimate is not available, at current distribution rates.

IBIT yield0.00%
TKNZ yield

Cost & efficiency

Over 10 years on $10,000, IBIT would cost approximately $120 in fees vs $750 for TKNZ (simplified, not compounded). The $630.00 difference may be offset by yield or performance.

IBIT ER0.12%
TKNZ ER0.75%

Strategy & risk

IBIT tracks Bitcoin with a crypto approach, while TKNZ is an ETF.

IBIT beta1.8887
TKNZ beta

Fund details

IBIT is managed by iShares (launched 01/11/2024) with $48.0B in assets. TKNZ is managed by T. Rowe Price (launched 07/16/2026).

IBIT AUM$48.0B

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Frequently asked questions

Which of IBIT or TKNZ pays more dividend income?

TKNZ currently reports a distribution yield, while IBIT has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between IBIT and TKNZ?

IBIT (iShares Bitcoin Trust ETF) tracks Bitcoin with a crypto approach, while TKNZ (T. Rowe Price Active Crypto ETF) is an ETF. They are issued by iShares and T. Rowe Price respectively.

Can I hold both IBIT and TKNZ?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, IBIT or TKNZ?

IBIT has an expense ratio of 0.12% while TKNZ charges 0.75%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in IBIT vs TKNZ generate?

At current rates, IBIT has not established a distribution history yet, so a monthly income estimate is not available. TKNZ has not established a distribution history yet, so a monthly income estimate is not available.

More comparisons to explore

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