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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 September 18, 2026

Visual comparison

Key metrics

Projected income on $10K

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

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

IBIT has lagged TKNZ over the shared window since Jul 2026, posting a 26.46% total return against 32.54%. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolSince Jul 2026
IBIT26.46%
TKNZ32.54%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 18, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Jul 2026” measures every fund from July 16, 2026 — the start of shared available history — so all funds share one comparison window.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricIBITTKNZ
Full nameiShares Bitcoin Trust ETFT. Rowe Price Active Crypto ETF
IssueriSharesT. Rowe Price
Last Close$46.02 as of September 18, 2026$32.67 as of September 18, 2026
Distribution rate——
Distribution Safety Score™ ——
Expense ratio0.25%0.75%
AUM$59.7B$22.3M
Distribution frequencyNoneAnnual
Underlying indexBitcoin—
ObjectiveProvide exposure to bitcoin price performance through a physically backed trust structure.Seeks long-term capital appreciation through actively managed exposure to a diversified portfolio of crypto assets and crypto-related investments.
Asset classEquityCrypto
Inception date01/11/202407/16/2026
Beta1.8887—

— Distribution rate, Safety-Adjusted 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 lineWe won't call this one: TKNZ launched July 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer ETF as provisional. What is already clear from the numbers above: the two do not cost the same — IBIT charges 0.25% against 0.75% for TKNZ, and on funds tracking the same thing that gap compounds every year you hold.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

  • Crypto volatility. IBIT and TKNZ sit on top of crypto-asset prices, which routinely swing far more than equities. A single drawdown can exceed a year of distributions, so income projections deserve extra skepticism here.
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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

iShares
ETFs466
Total AUM$4551B

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.

See all iShares ETFs
T. Rowe Price
ETFs38
Total AUM$33.8B

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

T. Rowe Price is a major asset manager known for building diversified, actively managed ETF portfolios across multiple asset classes and investment styles. Their fund lineup spans bond funds, dividend and income-focused strategies, broad equity exposure, international markets, and thematic equity themes, serving both income-seeking and growth-oriented investors. The issuer offers a substantial breadth of options with tickers like PABGX and PREIX, appealing to investors seeking professional portfolio management across traditional and specialized investment categories.

See our curated list of related YouTube videos on TKNZ.

See all T. Rowe Price ETFs

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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 0.25% compared to 0.75%.

IBIT has $59.7B in assets vs $22.3M for TKNZ, but TKNZ only launched July 2026 — AUM comparisons will become more meaningful as it builds a track record.

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 yield—
TKNZ yield—

Cost & efficiency

Over 10 years on $10,000, IBIT would cost approximately $250 in fees vs $750 for TKNZ (simplified, not compounded). The $500.00 difference may be offset by yield or performance.

IBIT ER0.25%
TKNZ ER0.75%

Strategy & risk

IBIT tracks Bitcoin with a crypto approach, while TKNZ is an actively managed ETF built around digital assets exposure.

IBIT beta1.8887
TKNZ beta—

Fund details

IBIT is managed by iShares (launched 01/11/2024) with $59.7B in assets. TKNZ is managed by T. Rowe Price (launched 07/16/2026) with $22.3M in assets.

IBIT AUM$59.7B
TKNZ AUM$22.3M
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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 actively managed ETF built around digital assets exposure. 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 0.25% 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.

Which has performed better historically, IBIT or TKNZ?

IBIT has lagged TKNZ over the shared window since Jul 2026, posting a 26.46% total return against 32.54%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

IBIT vs TKNZ — at a glance

Generated September 19, 2026.

Rowe Price that holds a diversified portfolio of digital assets and crypto-related investments. IBIT's 0.25% expense ratio is materially cheaper than TKNZ's 0.75%, reflecting the structural difference between passive and active management. Finally, IBIT has accumulated $59.7B in assets since its 01/11/2024 inception, while TKNZ operates at $22.3M with a much younger inception date of 07/16/2026, giving IBIT a longer track record and substantially larger scale.

Who each is best for

IBIT: Fits investors seeking straightforward, low-cost exposure to Bitcoin's price movement without active management decisions or exposure to other digital assets.

TKNZ: Fits investors who value active manager discretion and diversification across multiple crypto assets and are willing to accept higher fees in exchange for portfolio decisions beyond Bitcoin alone.

Key risks to know

  • Cryptocurrency volatility and regulatory risk. Both funds hold digital assets subject to extreme price swings and evolving regulatory scrutiny globally. Bitcoin's price swings can produce sharp drawdowns; TKNZ's active allocation may mitigate or amplify exposure to market moves depending on manager positioning.
  • Active management and tracking error. TKNZ's active strategy introduces the risk that manager decisions underperform a simple Bitcoin benchmark, particularly if fees and trading costs erode returns relative to passive alternatives.
  • Sector concentration within crypto. Both funds carry cryptocurrency-specific risk; TKNZ's diversification across multiple digital assets and related investments may reduce single-asset dependency but introduces credit and counterparty risk in less-established tokens and crypto-adjacent securities.

Bottom line

If you want pure Bitcoin exposure at minimal cost, IBIT's passive structure and lower fees offer a straightforward path. Neither fund distributes income, so both align with capital appreciation strategies. Past performance does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

Crypto covered-call funds, explained How to read a fund's stats NAV erosion, explained

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